April 26, 2017 8:34 AM ET

Containers and Packaging

Company Overview of Bemis Company, Inc.

Company Overview

Bemis Company, Inc. manufactures and sells packaging products. It operates through two segments, U.S. Packaging and Global Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic and folding carton packaging products. Its products are used to produce packaging for food, medical, pharmaceutical, personal care, electronics, and industrial applications. It sells its products through its direct sales force in North America, Latin America, Europe, and the Asia-Pacific. The company was formerly known as Bemis Bro. Bag Company and changed its name to Bemis Company, Inc. in 1965. Bemis Company, Inc. was founded in 1858 and is based in Neenah, W...

One Neenah Center

4th Floor

PO Box 669

Neenah, WI 54957

United States

Founded in 1858

17,678 Employees

Phone:

920-527-5000

Key Executives for Bemis Company, Inc.

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice President
Age: 58
Total Annual Compensation: $550.0K
Senior Vice President and President of Bemis North America
Age: 56
Total Annual Compensation: $580.5K
Chief Legal Officer, Senior Vice President and Secretary
Age: 59
Total Annual Compensation: $466.5K
Chief Human Resources Officer and Senior Vice President
Age: 53
Total Annual Compensation: $372.0K
Compensation as of Fiscal Year 2016.

Bemis Company, Inc. Key Developments

Bemis Company, Inc. Presents at Deutsche Bank Basic Materials One-on-One Day, Mar-14-2017

Bemis Company, Inc. Presents at Deutsche Bank Basic Materials One-on-One Day, Mar-14-2017 . Venue: Boston Harbor Hotel, 70 Rowes Wharf, Boston, MA 02210, United States. Speakers: Erin M. Winters, Director of Investor Relations.

Bemis Company, Inc. Approves Quarterly Cash Dividend, Payable on March 1, 2017

Bemis Company, Inc. announced that its board of directors has approved a 3.4% increase in the quarterly cash dividend, increasing it to 30 cents per share compared to the previous quarterly dividend of 29 cents per share. The cash dividend will be payable on March 1, 2017, to shareholders of record at the close of business on February 21, 2017.

Bemis Company, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2016; Provides Earnings Guidance for 2017

Bemis Company, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2016. For the quarter, the company reported net sales of $988.0 million against $982.7 million a year ago. Operating income was $104.7 million against $97.2 million a year ago. Income from continuing operations before income taxes was $89.7 million against $85.2 million a year ago. Income from continuing operations was $60.5 million or $0.64 per diluted share against $56.8 million or $0.58 per diluted share a year ago. Net income was $60.5 million or $0.64 per diluted share against $56.8 million or $0.58 per diluted share a year ago. Diluted earnings per share, as adjusted were $0.67 against $0.60 a year ago. Adjusted EBIT from continuing operations was $120.6 million against $108.6 million a quarter ago. Adjusted EBITDA was $149.2 million against $139.4 million a quarter ago. For the full year, the company reported net sales of $4,004.4 million against $4,071.4 million a year ago. Operating income was $409.3 million against $409.6 million a year ago. Income from continuing operations before income taxes was $350.9 million against $363.9 million a year ago. Income from continuing operations was $236.2 million or $2.48 per diluted share against $241.9 million or $2.47 per diluted share a year ago. Net income was $236.2 million or $2.48 per diluted share against $239.3 million or $2.44 per diluted share a year ago. Net cash provided by operating activities was $437.4 million against $552.4 million a year ago. Additions to property and equipment were $208.3 million against $219.4 million a year ago. Diluted earnings per share, as adjusted were $2.69 against $2.55 a year ago. Adjusted EBITDA was $600.0 million against $579.8 million a quarter ago. The company provided earnings guidance for the full year 2017. Adjusted diluted earnings per share in the range of $2.85 to $3.00. Capital expenditures expected to be approximately $200 million. Cash flow from operations expected to be in the range of $440 to $480 million. Management expects an effective income tax rate for 2017 of approximately 32.5%, which incorporates the new accounting standard for stock-based compensation.

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