- Net sales totaled $1.3 billion.
- Adjusted diluted earnings per share of $0.54 increased 5.9 percent from the second quarter of 2011 and was in line with management’s second quarter guidance of $0.51 to $0.57 per share.
- Bemis expanded its facility consolidation program, which is now expected to generate approximately $50 million in annualized cost savings.
- Cash flow generated from operating activities increased to $94.5 million.
- Management revised guidance for the second half of the year:
- Adjusted earnings per share for the third quarter of 2012 in the range of $0.51 to $0.57
- Total year 2012 adjusted earnings per share guidance in the range of $2.00 to $2.10
- Total year 2012 capital spending of approximately $150 million
Bemis Company Reports 2012 Second Quarter Results
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