Bemis (BMS) Tops Q3 EPS by 1c

Bemis (NYSE: BMS) reported Q3 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.04 billion.

Bemis sees FY2015 EPS of $2.52-$2.57, versus the consensus of $2.54.

"Our third quarter results demonstrate continued progress in the implementation of our long-term strategy, as we again delivered increased margins, return on invested capital, and cash from operations," said William F. Austen, Bemis Company’s President and Chief Executive Officer. "Currency translation has been a challenge to profits this year, decreasing earnings by approximately $0.12 per share in the first three quarters of this year versus the prior year. Our business remains strong across all regions, due to positive sales mix and operational excellence that are driving margin improvement. Disciplined management of working capital is generating strong cash flow, having already exceeded our initial full-year goals. As we move forward, we are very focused on continuing to deliver progress toward our long term financial targets."

For earnings history and earnings-related data on Bemis (BMS) click here.

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