10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Bemis Company Inc. Reports Operating Results (10-Q)

August 09, 2012 | About:
10qk

10qk

18 followers
Bemis Company Inc. (BMS) filed Quarterly Report for the period ended 2012-06-30.

Bemis Company, Inc. has a market cap of $3.14 billion; its shares were traded at around $30.01 with a P/E ratio of 14.9 and P/S ratio of 0.6. The dividend yield of Bemis Company, Inc. stocks is 3.3%. Bemis Company, Inc. had an annual average earning growth of 4.3% over the past 10 years. GuruFocus rated Bemis Company, Inc. the business predictability rank of 4.5-star.

Highlight of Business Operations:

Diluted earnings per share for the second quarter of 2012 were $0.40 compared to $0.51 reported in the same quarter of 2011. Results for the second quarter of 2012 included a $0.12 charge associated with facility consolidation and other costs and a $0.02 charge for acquisition-related earnout payments.

Operating profit for the second quarter of 2012 was negatively impacted by $19.7 million of facility consolidation costs and $1.7 million of acquisition-related earnout payments. The effect of currency translation decreased operating profit in the second quarter of 2012 by $4.2 million compared to the same quarter of 2011. Performance for the quarter reflects the benefits of cost reductions, improvements in sales mix, and increases in selling prices, partially offset by lower unit sales volume.

Other operating income and expenses, net included $4.4 million of fiscal incentive income in the second quarter of 2012 compared to $5.4 million for the second quarter of 2011. The reduction primarily reflects the impact of currency translation. Fiscal incentives are associated with net sales and manufacturing activities in certain South American operations and are included in our Flexible Packaging segment operating profit.

Diluted earnings per share for the six months ended June 30, 2012 were $0.82 compared to $0.98 reported in the same period of 2011. Results for 2012 included an $0.18 charge associated with facility consolidation and other costs and a $0.03 charge for acquisition-related earnout payments.

Operating profit for the six months ended June 30, 2012 was negatively impacted by $27.9 million of facility consolidation costs and $3.5 million of acquisition-related earnout payments. The effect of currency translation decreased operating profit in the six months ended June 30, 2012 by $5.6 million compared to the same period of 2011. Performance for the six months ended June 30, 2012 reflects the benefits of manufacturing cost reductions and improvements in price/mix, partially offset by lower unit sales volume.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 4.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK