Bemis (BMS) Tops Q4 EPS by 1c
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Bemis Company Reports Strong Fourth Quarter and Full Year 2015 Results
January 28, 2016 6:40 AM ESTStrong Margin Improvement; Increased Return on Invested Capital; Record Operating Cash Flow for the full year
HIGHLIGHTS:
Full year 2015 adjusted diluted EPS from continuing operations increased to $2.55 per share, up 10.9 percent compared to the prior year, and in line with managements guidance. These results were achieved despite the currency translation headwinds of approximately $0.16 per share in 2015, as compared to the prior year. Gross profit margins improved 170 basis points to 21.5 percent of net sales for the full year 2015, compared to 19.8 percent in the prior year.... More