Industry News, Printers News

Bemis Company Reports 1Q 2018 Results

Cash flow from operations for the three months ended March 31, 2018 was $54.3 million, compared to $94.5 million in 1Q 2017.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Bemis Company, Inc. reported financial results for its first quarter ended March 31, 2018. The company recorded sales of approximately $1,028 million and operating profit of $111 million.   “We delivered first quarter earnings above our most recent expectations, driven by improving operations and the benefits of Agility, which is our plan to fix, strengthen, and grow our business,” said William F. Austen, Bemis Company’s president and CEO. “Compared to the prior first quarter, profits increase...

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