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Bemis commences comprehensive plan to improve US operations and profitability.
April 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Bemis Company, Inc. reported financial results for its first quarter ended March 31, 2017. U.S. Packaging net sales of $648.9 million for the first quarter of 2017 represented a decrease of 1.8% compared to the same period of 2016. Compared to the prior first quarter, unit volumes were down approximately 1%. U.S. Packaging operating profit decreased to $83.5 million in the first quarter of 2017, or 12.9% of net sales, compared to $101.7 million, or 15.4% of net sales, in 2016. Compared to ma...
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