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Cash flow from operations for the 12 months ended Dec. 31, 2016 was $437.4 million.
January 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
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 co...
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