Bemis (BMS) Tops Q4 EPS by 2c

Bemis (NYSE: BMS) reported Q4 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1 million versus the consensus estimate of $981.53 billion.

Management set guidance for the full year 2018:

• Adjusted diluted earnings per share in the range of $2.75 to $2.90, which includes a $.31 benefit related to U.S. tax reform at the midpoint of the range.
• Capital expenditures expected between $150 and $160 million.
• Cash flow from operations expected to be in the range of $420 to $450 million, which includes approximately $50 million of restructuring and related cash costs.

“We made progress during the second half of 2017, as reflected in adjusted operating profit that was up nearly $35 million compared to the first half of the year. This increase reflects operational improvements and the early benefits of Agility, which is our plan to fix, strengthen, and grow our business,” said William F. Austen, Bemis Company’s President and Chief Executive Officer. “We are focused on executing our plan to create a more agile, streamlined, and efficient business.”

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

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