Containers and Packaging
Company Overview of Bemis Company, Inc.
Bemis Company, Inc. manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products. Its products are used to produce packaging for food, medical, pharmaceutical, personal care, electronics, and industrial applications. 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 b...
One Neenah Center
PO Box 669
Neenah, WI 54957
Founded in 1858
Key Executives for Bemis Company, Inc.
President, CEO & Director
Total Annual Compensation: $1.0M
Senior VP & CFO
Total Annual Compensation: $550.0K
Senior VP, Chief Legal Officer & Secretary
Total Annual Compensation: $466.5K
Senior VP & Chief HR
Total Annual Compensation: $372.0K
Compensation as of Fiscal Year 2016.
Bemis Company, Inc. Key Developments
Bemis Company, Inc. Approves Quarterly Cash Dividend, Payable on March 1, 2018
Feb 8 18
Bemis Company, Inc. announced that its Board of Directors has approved a 3.3% increase in the quarterly cash dividend, increasing it to 31 cents per share compared to the previous quarterly dividend of 30 cents per share. The cash dividend is payable on March 1, 2018, to shareholders of record at the close of business on February 20, 2018.
Bemis Company, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2017; Provides Earnings Guidance for 2018
Feb 1 18
Bemis Company, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2017. For the quarter, the company reported net sales of $1,003.6 million against $988.0 million a year ago. Operating loss was $128.2 million against income of $104.7 million a year ago. Loss before income taxes was $144.7 million against income of $89.7 million a year ago. Net loss was $40.7 million or $0.44 per diluted share against net income of $60.5 million or $0.64 per diluted share a year ago. LBIT was $128.2 million against EBIT of $104.7 million a year ago. Adjusted EBIT was $97.8 million against $108.5 million a year ago. Adjusted EBITDA was $140.1 million against $149.2 million a year ago. Diluted earnings per share, as adjusted were $0.63 against $0.67 a year ago.
For the full year, the company reported net sales of $4,046.2 million against $4,004.4 million a year ago. Operating income was $115.7 million against $409.3 million a year ago. Income before income taxes was $52.7 million against $350.9 million a year ago. Net income was $94.0 million or $1.02 per diluted share against $236.2 million or $2.48 per diluted share a year ago. Net cash provided by operating activities was $379.0 million against $437.4 million a year ago. Additions to property and equipment were $188.5 million against $208.3 million a year ago. Diluted earnings per share, as adjusted were $2.39 against $2.69 a year ago. Adjusted EBIT was $382.8 million against $437.9 million a quarter ago. Adjusted EBITDA was $552.6 million against $600.0 million a quarter ago.
For 2018, the company adjusted diluted earnings per share to be in the range of $2.75 to $2.90, which includes a $0.31 per share benefit related to U.S. tax reform at the midpoint of the range. Cash from operations are to be in the range of $420 to $450 million. This guidance includes approximately $50 million of restructuring and related cash costs. Cash from operations improvement in 2018 as compared to the prior year is driven by planned profit improvements as well as planned inventory reductions. Capital expenditures are between $150 and $160 million. Effective income tax rate is approximately 24%, which incorporates the benefit of recent U.S. tax reform.
Bemis Hires Goldman Sachs To Explore Sale Options
Dec 4 17
Bemis Company, Inc. (NYSE:BMS) to sell itself is growing both internally and externally, The Post has learned. Bemis hired Goldman Sachs to explore its options, two sources close to the situation said. Goldman and Citigroup declined to comment.
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