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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.
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July 24, 2014
07:06 EDTBMSBemis sees Q3 adjusted EPS 65c-70c, consensus 66c
07:06 EDTBMSBemis 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.
07:05 EDTBMSBemis reports Q2 adjusted EPS 65c, consensus 64c
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