Bemis (BMS) Reports In-Line Q3 EPS; Guides a Touch Below the Street
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Bemis Company Reports Third Quarter Results
October 27, 2016 6:01 AM EDTSUMMARY:
Third quarter adjusted diluted earnings per share were $0.75 in 2016, compared to $0.67 the prior third quarter, an increase of 11.9 percent. On a GAAP basis: $0.72 in 2016 compared to $0.64 in 2015, an increase of 12.5 percent. Adjusted EBITDA increased to $160.7 million, compared to $148.4 million the prior third quarter. On a GAAP basis: Net Income was $68.6 million in the third quarter of 2016, compared to $62.5 million the prior year. U.S. Packaging segment operating profit return on sales increased to 15.3 percent, compared to 14.5 percent in the prior third quarter.... More