Last $39.93 USD
Change Today +0.09 / 0.23%
Volume 465.1K
As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

bemis company (BMS) Snapshot

Open
$40.63
Previous Close
$39.84
Day High
$40.63
Day Low
$39.85
52 Week High
08/2/13 - $42.34
52 Week Low
02/5/14 - $37.01
Market Cap
4.0B
Average Volume 10 Days
609.9K
EPS TTM
$2.37
Shares Outstanding
100.9M
EX-Date
05/15/14
P/E TM
16.9x
Dividend
$1.08
Dividend Yield
2.65%
Current Stock Chart for BEMIS COMPANY (BMS)

bemis company (BMS) Related Businessweek News

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bemis company (BMS) Details

Bemis Company, Inc. manufactures and sells packaging products and pressure sensitive materials in North America, Latin America, Europe, and the Asia-Pacific. The company operates in three segments: U.S. Packaging, Global Packaging, and Pressure Sensitive Materials. It offers multilayer polymer, blown, and cast film structures to produce packaging sold for food, medical, pharmaceutical, personal care, electronics, and industrial applications; custom thermoformed packaging and multiwall paper bags; and injection molded plastic and folding carton packaging products. The company also provides narrow-Web rolls of pressure sensitive paper, film, and metalized film printing stocks used in high-speed printing and die-cutting; and pressure sensitive films used for decorative signage through computer-aided plotters, digital and screen printers, and photographic overlaminate and mounting materials. In addition, it offers micro-thin film adhesives used in delicate electronic parts assembly, and graphic films for decorative signage; and pressure sensitive adhesive coated foam and tape based stocks to perform fastening and mounting functions. Bemis Company markets its products primarily through its direct sales force. The company was formerly known as Bemis Bro. Bag Company and changed its name to Bemis Company, Inc. in 1965. Bemis Company, Inc. was founded in 1858 and is headquartered in Neenah, Wisconsin.

19,106 Employees
Last Reported Date: 02/21/14
Founded in 1858

bemis company (BMS) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.0M
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $290.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $502.0K
Senior Vice President and President of Bemis ...
Total Annual Compensation: $495.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $430.0K
Compensation as of Fiscal Year 2013.

bemis company (BMS) Key Developments

Bemis Company, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revised Earnings Guidance for the Year 2014

Bemis Company, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,241.6 million against $1,297.1 million a year ago. Operating income was $115.8 million against $90.3 million a year ago. Income before income taxes was $100.3 million against $80.5 million a year ago. Net income was $65.8 million against $53.1 million a year ago. Diluted earnings per share were $0.65 against $0.51 a year ago. Diluted earnings per share, as adjusted were $0.61 against $0.54 a year ago. Capital expenditures were about $34 million. Cash flow from operating activities totaled $57.9 million. This reflects the cash payments associated with the closure of the Pressure Sensitive Materials plant in Stow, Ohio and generally higher working capital levels in the second quarter. For the six months, the company reported net sales of $2,479.4 million against $2,552.1 million a year ago. Operating income was $195.0 million against $182.4 million a year ago. Income before income taxes was $175.2 million against $151.9 million a year ago. Net income was $115.0 million against $102.4 million a year ago. Diluted earnings per share were $1.13 against $0.98 a year ago. Net cash provided by operating activities was $70.4 million against $102.4 million a year ago. Additions to property and equipment were $69.3 million against $54.5 million a year ago. The company expected adjusted diluted earnings per share for the third quarter of 2014 to be in the range of $0.65 to $0.70 reflecting continued improvement in operating performance and sales mix. The company raised the lower end of total year 2014 earnings guidance from the range of $2.40 to $2.55 per share to the range of $2.45 to $2.55 per share. This includes an anticipated effective income tax rate for 2014 of approximately 34.5%. Management expects cash flow from operations for 2014 to be approximately $450 million. This revised expectation reflects cash expenses associated with the May 2014 closure of a manufacturing plant in Stow, Ohio and tax payments related to the gain on the sale of the Paper Packaging division. The company expects capital expenditures to be approximately $175 million. This year's increased capital spending reflects investments to meet the growing liquid market needs, to enhance its health care packaging capabilities and to expand the company’s sealant and protective film extrusion platform.

Bemis Company, Inc. Enters into Amendment to its Third Amended and Restated Long-Term Credit Agreement

Bemis Company, Inc. entered into an amendment to its third amended and restated long-term credit agreement, dated as of August 12, 2013, among the company, certain subsidiaries of the company, JPMorgan Chase Bank, N.A., as Administrative Agent, Wells Fargo Bank, National Association, as syndication agent, and various financial institutions. Subject to the satisfaction of certain conditions precedent, the amendment provides for a $200 million term loan under the credit agreement. The term loan would mature on the eighth anniversary of the date it is made. If the conditions precedent to making the term loan are not satisfied on or prior to August 15, 2014, then the commitment to make the term loan would automatically terminate. The amendment does not affect the existing $1.1 billion revolving commitment under the credit agreement. There were no other material changes to the terms or covenants in the credit agreement.

Bemis Company Declares Regular Quarterly Dividend Payable on June 2, 2014

The board of directors of Bemis Company, Inc. has declared a regular quarterly dividend of 27 cents per share. The cash dividend is payable on June 2, 2014, to shareholders of record at the close of business on May 19, 2014.

 

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BMS

Industry Average

Valuation BMS Industry Range
Price/Earnings 19.4x
Price/Sales 0.8x
Price/Book 2.4x
Price/Cash Flow 18.9x
TEV/Sales 0.5x
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