• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The 2019 Year in Review

    Energy Curing Ink Markets are On the Rise

    Publication Ink Market Continues to Shrink

    Waxes and Additives Enjoy Growth in Packaging in 2019

    Ink Manufacturers Prepare For the Circular Economy
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    Siegwerk Opens Europe’s Largest Fully Automated Printing Inks Production Facility

    Mimaki USA Celebrates Grand Reopening of New Jersey Technology Center

    Smurfit Kappa Launches 4th Edition of Culture Book

    Fujifilm Uvijet UV Inks Retain GREENGUARD Gold Certification

    Haney, HP Developing Sustainable Fashion Packaging for Heron Preston
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Siegwerk Opens Europe’s Largest Fully Automated Printing Inks Production Facility

    Mimaki USA Celebrates Grand Reopening of New Jersey Technology Center

    Smurfit Kappa Launches 4th Edition of Culture Book

    Fujifilm Uvijet UV Inks Retain GREENGUARD Gold Certification

    Haney, HP Developing Sustainable Fashion Packaging for Heron Preston
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Industrial Wax Market Worth $12,556.8 Million by 2026: PMR

    RadTech Europe Conference Tackles Busy Agenda

    Brenntag Distributes Grupa Azoty ZAK S.A. Plasticizer Portfolio in DACH Region

    NAPIM Announces New Address, Telephone Number

    CHT Group Acquires keimadditec surface
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    RadTech Europe Conference Tackles Busy Agenda

    Jennifer Heathcote Joins GEW

    8000th Apprentice Starts Career with Bühler

    NAPIM Announces New Address, Telephone Number

    Phoseon Launches FireJet FJ801
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Netzsch Premier Technologies, LLC

    BASF Corporation

    Specialty Polymers, Inc.

    Munzing

    Evonik Corporation
    Industry Events
    Live from Show Event
    Webinars
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Bemis Company Reports 2016 Results, 2017 Outlook

    Cash flow from operations for the 12 months ended Dec. 31, 2016 was $437.4 million.

    Related CONTENT
    • Packaging Corporation of America Reports 4Q, Full Year 2016 Results
    • O-I Reports Full Year, 4Q 2016 Results
    • Berry Plastics Reports 1Q 2017 Results
    • Graphic Packaging Reports 4Q, Full Year 2016 Results
    • Bemis Company Announces 34th Consecutive Annual Dividend Increase
    01.27.17
    Bemis Company, Inc. reported financial results for its fourth quarter ending Dec. 31, 2016.

    Cash flow from operations for the twelve months ended December 31, 2016 was $437.4 million, compared to $552.4 million in the prior year. Prior year cash flow reflects the initial benefits of programs implemented to drive improvements in working capital.

    “We grew earnings by 8% on a currency neutral basis in 2016,” said William F. Austen, Bemis Company’s president and CEO. “We made progress as we continued to recapitalize our converting equipment and leverage our product technology globally. We completed the acquisition of SteriPack and also initiated a restructuring program in Latin America following the Emplal acquisition.

    “As we begin 2017, our primary focus is on promoting the growth and success of our customers and on executing well – in our operations, in our strategic business projects, and in all areas of our business,” Austen added.

    U.S. Packaging net sales of $632.0 million for the fourth quarter of 2016 represented a decrease of 3.6% compared to the same period of 2015. The decrease in net sales during the quarter was driven by mix of products sold.

    U.S. Packaging net sales of $2,621.1 million for the full year 2016 represented a decrease of 4.6% compared to the same period of 2015. Compared to the prior year, unit volumes were up nearly 1%.

    U.S. Packaging operating profit increased to $94.0 million in the fourth quarter of 2016, or 14.9% of net sales, compared to $93.5 million, or 14.3% of net sales, in 2015. U.S. Packaging operating profit increased to $400.0 million for the full year 2016, or 15.3% of net sales, compared to $391.8 million, or 14.3% of net sales, in 2015.

    Global Packaging net sales for the fourth quarter of 2016 of $356.0 million represent an increase of 8.8% compared to the same period of 2015. Currency translation reduced net sales by 4.1%. Acquisitions increased net sales by 7.6%. Excluding the impact of currency translation and acquisitions, net sales increased by 5.3%, reflecting increased selling prices.

    Global Packaging net sales for the full year 2016 of $1,383.3 million represent an increase of 4.5% compared to the same period of 2015. Currency translation reduced net sales by 10.7%. Acquisitions increased net sales by 7.3%.

    Global Packaging operating profit for the fourth quarter was $33.4 million, compared to $28.1 million for the same period in 2015. Global Packaging operating profit for the full year 2016 was $114.0 million, compared to $116.5 million for the same period in 2015. The net impact of currency translation decreased operating profit during the year by $8.3 million as compared to the prior year, or approximately $0.06 of total Company earnings per share, primarily due to currencies in Latin America.

    Total company net debt to adjusted EBITDA was 2.5 times at December 31, 2016. Net debt is defined as total debt less cash, and adjusted EBITDA is defined as the last twelve months total company adjusted operating income plus depreciation and amortization.

    Management expects adjusted diluted earnings per share to be in the range of $2.85 to $3.00 for the full year 2017. This guidance excludes approximately $8 million of previously-announced pre-tax restructuring charges as well as any other unusual items that are unpredictable at this time.

    Management expects full year 2017 cash from operations to be in the range of $440 to $480 million.
    Related Searches
    • sales
    • Packaging Flexo Inks
    • packaging
    • UV and EB Inks
    Related Knowledge Center
    • Packaging Flexo Inks
    • UV and EB Inks
    • Packaging Gravure Inks
    Suggested For You
    DuPont Honors Bemis in 2017 Packaging Innovation Competition DuPont Honors Bemis in 2017 Packaging Innovation Competition
    Bemis Company Declares Regular Quarterly Dividend Bemis Company Declares Regular Quarterly Dividend
    Bemis Company Reports 1Q 2017 Results Bemis Company Reports 1Q 2017 Results
    Bemis Company Receives Multiple Awards from FPA Bemis Company Receives Multiple Awards from FPA
    Bemis is a Big Winner at FPA Competition Bemis is a Big Winner at FPA Competition
    RR Donnelly Reports 4Q 2016 Results RR Donnelly Reports 4Q 2016 Results
    Quad/Graphics Reports 4Q, Full Year 2016 Results Quad/Graphics Reports 4Q, Full Year 2016 Results
    Huhtamäki Oyj Announces 2016 Results Huhtamäki Oyj Announces 2016 Results
    Sonoco Reports 4Q, Full-Year 2016 Results Sonoco Reports 4Q, Full-Year 2016 Results
    Bemis Company Announces 34th Consecutive Annual Dividend Increase Bemis Company Announces 34th Consecutive Annual Dividend Increase
    Graphic Packaging Reports 4Q, Full Year 2016 Results Graphic Packaging Reports 4Q, Full Year 2016 Results
    Berry Plastics Reports 1Q 2017 Results Berry Plastics Reports 1Q 2017 Results
    O-I Reports Full Year, 4Q 2016 Results O-I Reports Full Year, 4Q 2016 Results
    Packaging Corporation of America Reports 4Q, Full Year 2016 Results Packaging Corporation of America Reports 4Q, Full Year 2016 Results

    Related Breaking News

    • Breaking News | Graphic Arts Coatings | Ink Manufacturers News | Inkjet Inks and Toners | Packaging Flexo Inks | Packaging Gravure Inks | Publication Gravure Inks | UV and EB Inks
      Siegwerk Opens Europe’s Largest Fully Automated Printing Inks Production Facility

      Siegwerk Opens Europe’s Largest Fully Automated Printing Inks Production Facility

      “The opening of this facility is an unparalleled milestone for us," CEO Herbert Forker said.
      12.11.19

    • Breaking News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News | Sheetfed Inks
      Smurfit Kappa Launches 4th Edition of Culture Book

      Smurfit Kappa Launches 4th Edition of Culture Book

      A document that brings together the work that has been carried out all over the world by the company in communities.
      12.11.19

    • Breaking News | Packaging Flexo Inks | Printers News

      Inland Moves Flexo Press from La Crosse, WI to Neenah, WI

      The move adds additional capacity and allows the Neenah plant to gain and support new business.
      12.10.19


    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News
      UFlex Demos Rotoflex Stanmas 20 at Open House

      UFlex Demos Rotoflex Stanmas 20 at Open House

      A special-purpose 4-color Rotogravure Printing Machine designed especially to print on aluminum foil.
      12.09.19

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Personnel | Printers News | UV and EB Inks
      Geoff Loftus Joins EFI

      Geoff Loftus Joins EFI

      He previously worked for Heidelberger Druckmaschinen, Presstek and Semikron Inc.
      12.09.19

    • Breaking News | Packaging Flexo Inks | Printers News
      Berlin Packaging Wins 2 WorldStar Awards

      Berlin Packaging Wins 2 WorldStar Awards

      There were 321 judged packaging projects from 36 countries.
      12.09.19


    • Breaking News | Packaging Flexo Inks | Printers News
      Müroll GmbH Invests in 1st Nilpeter FA-22

      Müroll GmbH Invests in 1st Nilpeter FA-22

      Müroll GmbH is based in Frastanz, Austria, and has an additional two European production sites.
      12.09.19

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News | UV and EB Inks
      Anvy Digital Reports Increased Revenue with SpyderX

      Anvy Digital Reports Increased Revenue with SpyderX

      Founded in 2002, Anvy Digital is a leader in large format digital print in Canada.
      12.05.19

    • Breaking News | Energy-Curing Equipment | Personnel | Suppliers News | UV and EB Inks
      Jennifer Heathcote Joins GEW

      Jennifer Heathcote Joins GEW

      Heathcote has been in the UV equipment and applications business since 1998.
      12.04.19


    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News
      Labelexpo Expands Show Portfolio in China

      Labelexpo Expands Show Portfolio in China

      This takes its total number of printing trade expos in the country to three.
      12.04.19

    • Breaking News | Packaging Flexo Inks | Printers News
      FLAG Announces New 2020 Programs

      FLAG Announces New 2020 Programs

      Both of the new programs are based on input from current members.
      12.04.19

    • Additives | Breaking News | Conductive Inks and Printed Electronics | Energy-Curable Materials | Energy-Curing Equipment | Flushed Colors and Pigments | Graphic Arts Coatings | Ink Manufacturers News | Inkjet Inks and Toners | Marking and Pad Printing Inks | Metallics and Special Effects Pigments | Mills and Mixers | News Inks | Packaging Flexo Inks | Packaging Gravure Inks | Publication Gravure Inks | Publication Offset Inks | Resins | Screen Inks | Sheetfed Inks | Specialty Inks | Suppliers News | Testing, Color and QC | UV and EB Inks | Vehicles and Varnishes | Waxes
      NAPIM Announces New Address, Telephone Number

      NAPIM Announces New Address, Telephone Number

      Moving to Rockford, IL before 2020.
      12.03.19

    • Breaking News | Graphic Arts Coatings | Inkjet Inks and Toners | Personnel | Printers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      Dr. Martin Sonnenschein Appointed Chairman of Heidelberg

      Dr. Martin Sonnenschein Appointed Chairman of Heidelberg's Supervisory Board

      Dr. Sonnenschein was appointed until the end of the next Annual General Meeting on July 23, 2020.
      12.03.19

    • Breaking News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News
      BOBST Showcasing Packaging Production 4.0 at drupa 2020

      BOBST Showcasing Packaging Production 4.0 at drupa 2020

      drupa 2020 takes place June 16-26 in Dusseldorf, Germany.
      12.03.19

    • Breaking News | Packaging Flexo Inks | Printers News | UV and EB Inks
      Sigma Installs Russia

      Sigma Installs Russia's First Mark Andy Performance Series P4

      Joins Sigma’s existing four Mark Andy 2200 presses.
      12.03.19

    Breaking News
    • Siegwerk Opens Europe’s Largest Fully Automated Printing Inks Production Facility
    • Smurfit Kappa Announces Board Changes
    • Mimaki USA Celebrates Grand Reopening of New Jersey Technology Center
    • Smurfit Kappa Launches 4th Edition of Culture Book
    • Fujifilm Uvijet UV Inks Retain GREENGUARD Gold Certification
    View Breaking News >
    CURRENT ISSUE

    November/December 2019

    • The 2019 Year in Review
    • Energy Curing Ink Markets are On the Rise
    • Publication Ink Market Continues to Shrink
    • Waxes and Additives Enjoy Growth in Packaging in 2019
    • Ink Manufacturers Prepare For the Circular Economy
    • 2019 NPIRI Conference Features Sustainability, Regulatory, Technical Issues
    • NPIRI 2019 Award Winners
    • Sheree Eberly – INX International Ink Co.
    • John Jilek Jr., Inksolutions LLC
    • Conductive Ink Conference Highlights Latest Trends
    • View More >
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Deerland Obtains Certification from Australia’s Therapeutic Goods Administration
    OptiMSM Shown to Improve Hair & Nail Appearance and Condition
    DCC Acquires Contract Manufacturer Ion Laboratories
    Coatings World

    Latest Breaking News From Coatings World

    Beckers Group Announces Global Price Increase on Coil, Industrial Coatings
    Evonik, Wynca Celebrate Groundbreaking of New Fumed Silica Plant in Zhenjiang
    Personnel Changes in Corporate Communications, Government Relations at BASF
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    15-Year Tele-Critical Care Collabration Yields Significant ICU Improvement Results
    Prellis Biologics' New Tool Simplifies Complex Tissue Engineering
    InspireMD's CEO Steps Down
    Contract Pharma

    Latest Breaking News From Contract Pharma

    CatSci Expands Capabilities with Lab Expansion
    Smart Tags on Pills Set to Improve Supply Chain Security and Patient Adherence
    PCI Pharma Services Invests in Tredegar, UK Site
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Time Features 5 Best Beauty Inventions
    CES 2020 Preview - Innovation Award Honorees in Health & Wellness
    Star of E!'s Botched Gets Line Leaping Bunny Certified
    Happi

    Latest Breaking News From Happi

    Birchbox Partners with Buzzfeed
    Coty Strengthens Its Leadership
    Jennifer Garner Joins Virtue Labs
    Ink World

    Latest Breaking News From Ink World

    Smurfit Kappa, Wings for Aid Create Disaster Relief Packaging Solution
    ePac Flexible Packaging Expands into Asia Pacific Market
    United Carton Industries Company Invests in EFI Nozomi Corrugated Printer
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Luminer promotes Heather Bookman to prepress manager
    Materials Exchange launches to solve excess inventory issue
    Mark Andy joins forces with UPM Raflatac
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Simavita Set to License Sensor Technology in EU
    NDC Appoints President
    AATC Adds Two Scholarships
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    TriMed Closes Out FDA Warning Letter
    FDA OKs Shoulder Innovations' Augmented Glenoids for Total Shoulder System
    OrthoGrid Systems Receives FDA 510(k) Clearance for New PhantomMSK Trauma Application
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    SEMI Releases Global Semiconductor Equipment Sales Forecast
    eMagin Corporation Announces Approximately $4.3 Million Order for Military Program
    CPI Supports Smart Food-labeling Project Set to Reduce Food Waste in 2020

    Copyright © 2019 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.