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Bemis Company Inc (BMS.N)

BMS.N on New York Stock Exchange

48.01USD
19 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Bemis Company Announces Agreement With Starboard
Friday, 16 Mar 2018 04:18pm EDT 

March 16 (Reuters) - Bemis Company Inc ::BEMIS COMPANY ANNOUNCES AGREEMENT WITH STARBOARD.BEMIS COMPANY INC - APPOINTS FOUR NEW INDEPENDENT DIRECTORS.BEMIS COMPANY - FOLLOWING 2018 ANNUAL MEETING, BOARD WILL BE COMPRISED OF 13 DIRECTORS.BEMIS-BOARD APPOINTED GUILLERMO NOVO, MARRAN H. OGILVIE, GEORGE W. WURTZ III, AND ROBERT H. YANKER AS NEW INDEPENDENT DIRECTORS EFFECTIVE IMMEDIATELY.BEMIS - STARBOARD WILL VOTE ITS SHARES IN FAVOR OF ALL OF BOARD'S NOMINEES AND SUPPORT ALL BOARD RECOMMENDED PROPOSALS AT CO'S 2018 ANNUAL MEETING.  Full Article

Bemis Company Hikes Annual Dividend
Thursday, 8 Feb 2018 05:55am EST 

Feb 8 (Reuters) - Bemis Company Inc ::BEMIS COMPANY ANNOUNCES 35TH CONSECUTIVE ANNUAL DIVIDEND INCREASE.SETS QUARTERLY CASH DIVIDEND OF $0.31PER SHARE.‍BOARD APPROVED A 3.3 PERCENT INCREASE IN QUARTERLY CASH DIVIDEND​.  Full Article

Bemis Co Inc - qtrly ‍earnings per share $ 0.61​
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Bemis Company Inc :Bemis Company reports third quarter earnings.Sees fy 2017 adjusted earnings per share $2.35 to $2.40.Bemis Company Inc - qtrly ‍earnings per share $ 0.61​.Bemis Company Inc - qtrly ‍adjusted earnings per share $ 0.70​.Bemis Company Inc - qtrly net sales $‍1,035.1​ million versus $1,027.2 million last year.Bemis Company Inc - sees ‍full year 2017 cash from operations to be in range of $400 to $425 million​.Bemis Company Inc - ‍management continues to expect capital expenditures for 2017 between $185 and $200 million to support projects underway​.Bemis Company Inc - ‍initiated closing of two of manufacturing​ facilities in 2017 and will initiate other two in 2018.Fy2017 earnings per share view $2.36 -- Thomson Reuters I/B/E/S.Bemis Company Inc - ‍during Q3, recorded restructuring and other costs totaling $12.9 million or $0.09 per share​.Bemis Company Inc - ‍anticipate volume "challenges" during q4 in U.S. And Latin American businesses​.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q3 revenue view $1.02 billion -- Thomson Reuters I/B/E/S.Bemis - ‍narrowed FY EPS guidance range on account of lower unit volume expectations during q4 from some u.s. Customers, hurricane-related impacts​.  Full Article

Bemis Company estimated reduction of 8 pct of its global administrative workforce
Tuesday, 12 Sep 2017 07:35am EDT 

Sept 12 (Reuters) - Bemis Company Inc ::Bemis Company - ‍ estimated reduction of 8 percent of its global administrative workforce, or 500 positions due to previously announced restructuring.Bemis Company Inc says ‍in addition, company plans to consolidate certain administrative offices and take other actions - sec filing​.Bemis Company Inc - company is targeting an annual savings run rate of $65 million by 2019, before taxes, from the 2017 plan ‍​.Bemis - ‍now expects to incur total pre-tax restructuring expenses of $65 million-$75 million, total pre-tax other plan-related costs of $20 million-$30 million.Bemis company inc - ‍plant closings are expected to be completed by end of 2019​.Bemis Company-total restructuring cash payments for 2017 plan estimated to be $50 million, with additional $20-$30 million in other plan-related cash payments​.BEMIS COMPANY INC - ‍expects restructuring and other plan-related payments of about $10 million in 2017, with additional $40 million in 2018, balance in 2019​.Bemis Company -now expects to incur total pre-tax restructuring expenses of additional $15-$20 million capital investment related to executing 2017 plan‍​.  Full Article

Amcor considering takeover of rival Bemis Co - Bloomberg
Thursday, 7 Sep 2017 03:47pm EDT 

Sept 7 (Reuters) - :Amcor Ltd considering a takeover of rival Bemis Co - Bloomberg, citing sources.  Full Article

Bemis Co's Q2 sales fell 1.4 percent to $661.5 million
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Bemis Company Inc ::Bemis Company reports second quarter results and revises guidance.Sees FY 2017 adjusted earnings per share $2.35 to $2.50.Sees FY 2017 GAAP earnings per share $2.00 to $2.15.Q2 sales fell 1.4 percent to $661.5 million.Q2 revenue view $1.03 billion -- Thomson Reuters I/B/E/S.Bemis Company Inc says management expects full year 2017 cash from operations to be in range of $400 to $425 million.Bemis Company Inc - qtrly earnings per share $ 0.30.FY2017 earnings per share view $2.55 -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S.Bemis Company Inc - expects full year 2017 cash from operations to be in range of $400 to $425 million.Qtrly adjusted earnings per share $ 0.48.Bemis Company Inc - company continues to evaluate opportunities that build toward its cost savings target of $55 to $60 million.Bemis Company - during Q2, recorded restructuring charges totaling about $24 million or $0.18 per share, most of which related to initial steps in its 2017 plan.Bemis Company Inc says management anticipates less than $5 million of cash expenditure during 2017 related to its 2017 restructuring plan.  Full Article

Bemis Co reports actions to reduce cost structure
Friday, 30 Jun 2017 06:00am EDT 

June 30 (Reuters) - Bemis Company Inc ::Bemis Company announces actions to reduce cost structure.Bemis Company Inc - annual savings run rate targeted at $55 to $60 million.Bemis Company Inc - cost to implement actions estimated between $100 to $120 million.Bemis Company Inc - activities will result in a reduction of approximately 300 positions, or 5 percent of global administrative workforce.Bemis Company Inc - cost savings from the changes will be approximately $20 million over next three years.Bemis Company - has definitive plans to close 2 manufacturing facilities, work performed at these facilities will be transferred to other bemis locations.Bemis Company Inc - will initiate closing of one of the facilities in 2017 and other in 2018.Bemis Company Inc- company will initiate closing of one of the facilities in 2017 and other in 2018.Bemis Company Inc - cost savings from changes will be approximately $20 million over next three years.Bemis Company Inc - benefits from two manufacturing plant closures will be approximately $10 million when fully implemented.Bemis Company Inc - restructuring and cost savings plan initiated to improve profitability by reducing manufacturing and administrative cost structure.  Full Article

Bemis Company declared a quarterly cash dividend of 30 cents per share
Thursday, 4 May 2017 06:00am EDT 

May 4 (Reuters) - Bemis Company Inc :Declared a regular quarterly cash dividend of 30 cents per share.  Full Article

Bemis qtrly adjusted earnings per share $0.58
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Bemis Company Inc ::Bemis company reports first quarter results and provides updated 2017 outlook.Sees FY 2017 adjusted earnings per share $2.50 to $2.60.Sees FY 2017 GAAP earnings per share $2.44 to $2.54.Qtrly earnings per share $0.55.Qtrly adjusted earnings per share $0.58.Bemis company - results this quarter were impacted by lower-than-expected unit volumes and operational issues in u.s. Packaging segment.  Full Article

Bemis Company sets quarterly cash dividend of $0.30/shr
Thursday, 9 Feb 2017 06:00am EST 

Bemis Company Inc : Sets quarterly cash dividend of $0.30 per share .Says board has approved a 3.4 percent increase in quarterly cash dividend, increasing it to 30 cents per share compared.  Full Article

Australia shares ease as BHP, Rio drop; NZ follows suit

* BHP, Rio Tinto fall on labour dispute at mammoth copper mine