Bemis CEO says 'we delivered another strong earnings quarter'
"We delivered another strong earnings quarter," said William Austen, Bemis company's President and CEO. "All operating segments performed within our range of expectations and met our Agility objectives. Our U.S. business remains strong, reflected in increased sales volume and operating profit compared to one year ago; we continue to strengthen our operations and lay the foundation for long-term growth through our short-run business initiatives. Our Latin American business continues to execute cost improvements while the business laps the impact of the conversion of certain laundry detergent packaging. Our Rest of World business remains very strong, reflected in operating profit margins that increased 200 basis points versus last year, driven by organic sales growth in our healthcare packaging business and solid operational performance across the segment." Austen concluded, "Our teams did a great job this quarter of focusing on running our business and delivering our financial plans; I applaud them for not letting our pending merger with Amcor be a distraction. The operational, commercial, and administrative improvements we have executed through Agility are apparent in our results and will continue to provide long-term benefit. Bemis is well-positioned to continue progressing in the future."