Bemis Co. Inc. has reported record second quarter 2014 diluted earnings of $0.65 per share, compared to $0.51 per share for the same quarter of 2013. Excluding the items detailed in the attached schedule, “Reconciliation of Non-GAAP Earnings per Share,” adjusted diluted earnings for the second quarter of 2013 would have been $0.61. Net sales for the second quarter of 2014 totaled $1.2 billion. Excluding the impact of currency, acquisitions, and divestitures, net sales were consistent with the second quarter of 2013.
“I am very pleased with our strong operating performance during the second quarter,” says Henry Theisen, Bemis Co.’s chairman and chief executive officer. “We achieved our highest gross margin since 2009 as a result of our continued pricing discipline and improved sales mix. Our new product innovations have created positive momentum to support continued performance improvement through the second half of 2014.”
Bemis Co. Inc.