Bemis Co., Inc. (BMS) Tops Q2 EPS by 2c; Narrows Outlook
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Financial Fact:
Income from discontinued operations (in dollars per share): 0
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Income from discontinued operations (in dollars per share): 0
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Bemis Co., Inc. (NYSE: BMS) reported Q2 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.3 million versus the consensus estimate of $1.32 million.
“This quarter, we closed the last of the nine facilities in our facility consolidation program, achieved our highest gross margin since 2009, and reduced working capital levels,” said Henry Theisen, Bemis Company's President and Chief Executive Officer. “Our focused efforts to improve our long term sales mix and return on invested capital trends have been effective. Stronger unit volumes in high barrier liquid packaging reflect the trend toward flexible pouches in the United States. We continue to make strategic growth investments in both Latin America and China which we expect to deliver sales growth in our Global Packaging segment beginning in 2014. We achieved double digit growth in adjusted earnings per share this quarter in spite of Brazilian currency headwinds and continued weakness in our European pressure sensitive graphic products market.”
Bemis Co., Inc. sees Q3 2013 EPS of $0.57-$0.63, versus the consensus of $0.65.
Bemis Co., Inc. sees FY2013 EPS of $2.30-$2.40, versus prior guidance of $2.30-$2.45 and the consensus of $2.38.
For earnings history and earnings-related data on Bemis Co., Inc. (BMS) click here.
“This quarter, we closed the last of the nine facilities in our facility consolidation program, achieved our highest gross margin since 2009, and reduced working capital levels,” said Henry Theisen, Bemis Company's President and Chief Executive Officer. “Our focused efforts to improve our long term sales mix and return on invested capital trends have been effective. Stronger unit volumes in high barrier liquid packaging reflect the trend toward flexible pouches in the United States. We continue to make strategic growth investments in both Latin America and China which we expect to deliver sales growth in our Global Packaging segment beginning in 2014. We achieved double digit growth in adjusted earnings per share this quarter in spite of Brazilian currency headwinds and continued weakness in our European pressure sensitive graphic products market.”
Bemis Co., Inc. sees Q3 2013 EPS of $0.57-$0.63, versus the consensus of $0.65.
Bemis Co., Inc. sees FY2013 EPS of $2.30-$2.40, versus prior guidance of $2.30-$2.45 and the consensus of $2.38.
For earnings history and earnings-related data on Bemis Co., Inc. (BMS) click here.
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