Bemis announces new reportable business segments Bemis Company announced that it has realigned its segment reporting. As a result, Bemis will report business segment information for three reportable segments as follows: U.S. Packaging, Global Packaging, and Pressure Sensitive Materials. The Pressure Sensitive Materials business segment is unchanged.
News For BMS From The Last 14 Days
Check below for free stories on BMS the last two weeks.
Bemis narrows FY14 EPS view to $2.45-$2.55 from $2.40-$2.55 Consensus $2.48. This includes an anticipated effective income tax rate for 2014 of approximately 34.5 percent. 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. Management expects its total year 2014 capital expenditures to be approximately $175 million.