Free Research Report as Bemis’ Sales Rose 4% and Non-GAAP EPS Jumped 9%

Stock Monitor: Cryoport Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free earnings report on Bemis Co., Inc. (NYSE: BMS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BMS. The Company reported its first quarter fiscal 2018 operating and financial results on April 26, 2018. The packaging Company outperformed top- and bottom-line expectations, and re-affirmed its outlook for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Cryoport, Inc. (NASDAQ: CYRX), which also belongs to the Consumer Goods sector as the Company Bemis. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CYRX

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Bemis most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BMS

Earnings Highlights and Summary

For the first quarter ended March 31, 2018, Bemis recorded revenues of $1.03 billion, up 4% compared to $995.4 million in Q1 2017. The Company’s revenue numbers topped analysts’ estimates of $1.01 billion.

For Q1 2018, Bemis reported a net income of $47.6 million, or $0.52 per diluted share, compared to a net income of $51.1 million, or $0.55 per diluted share, in Q1 2017. On a non-GAAP basis, the Company reported earnings of $0.63 per diluted share, up 8.6% compared to $0.58 per diluted share in the prior year’s same quarter. Bemis’ earnings exceeded Wall Street estimates of $0.60 per share.

Segment Results

During Q1 2018, Bemis’ US Packaging segment’s net sales rose 2.6% to $666.0 million. The increase in net sales was driven primarily by sales price and mix, partially offset by lower unit volumes of approximately 1%, due to the Company’s planned shutdown of its Shelbyville, Tennessee facility. The US Packaging segment’s operating profit increased to $87.2 million, or 13.1% of net sales, in Q1 2018 compared to $83.5 million, or 12.9% of net sales, in Q1 2017. The increase in the segment’s operating profit was driven by improved operations and cost savings from the Company’s Agility plan.

For Q1 2018, Bemis’ Latin America Packaging segment’s net sales dropped 4.8% to $169.4 million on a y-o-y basis. Currency translation decreased the segment’s net sales by 4.6%, while organic sales remained approximately flat, reflecting increased selling prices offset by decreased unit volumes of approximately 8%. The Latin America Packaging segment’s operating profit was $8.0 million in the reported quarter versus $13.6 million in the year earlier comparable quarter. The segment’s lower profits were attributed to the impacts of the challenging economic environment in Brazil, including lower unit volumes.

During Q1 2018, Bemis’ Rest of World Packaging segment’s net sales rose 13.9% to $192.0 million on a y-o-y basis. Currency translation increased the segment’s net sales by 8.8%, while the acquisition of Evadix added to the segment’s net sales by 1.1%. The Rest of World Packaging segment’s organic sales grew 4.0% on a y-o-y basis, reflecting increased unit volumes across the segment averaging approximately 12%, partially offset by sales price and mix of products sold. For the reported quarter, the segment’s operating profit increased to $16.5 million, or 8.6% of net sales, compared to $13.6 million, or 8.1% of net sales, in the prior year’s corresponding quarter, driven primarily by increased sales volume in the Company’s healthcare packaging business.

Cash Matters

During Q1 2018, Bemis’ cash flow from operations was $54.3 million compared to $94.5 million in Q1 2017. As compared to the previous year, the Company’s cash flow was lower primarily due to the prior year including the benefits of certain extended payment terms that the Company negotiated with suppliers and has maintained on an on-going basis. The Company’s total net debt to adjusted EBITDA was 2.7 times at March 31, 2018. Bemis’ capital expenditure totaled $46.2 million in Q1 2018, reflecting planned investment to support productivity improvements in the US Packaging segment, and growth initiatives throughout the Company’s business.

Outlook

Bemis maintained its full year 2018 adjusted diluted EPS guidance in the range of $2.75 to $2.90. The management maintained its full year 2018 cash from operations guidance in the range of $420 million to $450 million, and capital expenditure forecasts between $150 million and $160 million.

Stock Performance Snapshot

May 18, 2018 – At Friday’s closing bell, Bemis’ stock was slightly down 0.05%, ending the trading session at $42.98.

Volume traded for the day: 375.66 thousand shares.

After last Friday’s close, Bemis’ market cap was at $3.91 billion.

Price to Earnings (P/E) ratio was at 183.68.

The stock has a dividend yield of 2.89%.

The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 500344