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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:08 EDTBMSBemis sees FY13 adjusted EPS $2.30-$2.45, consensus $2.33
The incremental savings of the facility consolidation activities are expected to be approximately $37 million in 2013. The annualized savings rate of $50 million is expected to be achieved beginning in the second quarter of 2013.
News For BMS From The Last 14 Days
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July 23, 2015
07:13 EDTBMSBemis narrows FY15 adjusted EPS view to $2.52-$2.62 from $2.52-$2.67
Consensus is $2.59. Commenting on the remainder of the year, the company stated, “Our updated EPS guidance reflects the impact of currency translation, partially offset by the benefits of cost discipline. We continue to execute our innovation pipeline to grow our business with the right mix of products. We have improved the timing of our capital projects that will support productivity improvements and future growth; I am confident in the results these investments will bring. We are keenly focused on continuing to deliver progress toward our long term margin targets.” Management is raising its capital expenditures outlook for 2015 to be in the range of $200 million to $215M, an increase from its previous outlook of $185M-$200M. This increase reflects the improved timing of executing planned projects to support growth and operational efficiency. Management expects an effective income tax rate for the full year 2015 of slightly less than 34%.
07:11 EDTBMSBemis reports Q2 EPS 67c, consensus 68c
Reports Q2 revenue $1.03B, consensus $1.05B.

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