Bemis 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.
Bemis sees FY16 EPS $2.68-$2.83, consensus $2.74 Sees FY16 effective tax rate of slightly above 33%. Sees FY16 cash from operations $450M-$500M. This includes continued reductions in working capital that are expected to meet the Company's objective of working capital as a percent of net sales in the range of 14 to 16 percent by the end of 2016. Sees FY16 CapEx $200M to support productivity and efficiency projects as well as growth projects driven by increased customer demand for value-added products.