-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M+K9F+JL+QZzsY0bCMY0V2sy7kMpfyOZMQCFlo55iyS9AxwC+P83V/d1FkdA/WkU FME+bubtwT5BwI1pZ3wBEA== 0001104659-05-016201.txt : 20050413 0001104659-05-016201.hdr.sgml : 20050413 20050413080732 ACCESSION NUMBER: 0001104659-05-016201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050411 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050413 DATE AS OF CHANGE: 20050413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEMIS CO INC CENTRAL INDEX KEY: 0000011199 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 430178130 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05277 FILM NUMBER: 05747344 BUSINESS ADDRESS: STREET 1: 222 S 9TH ST STE 2300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4099 BUSINESS PHONE: 6123763000 MAIL ADDRESS: STREET 2: 222 S 9TH STREET SUITE 2300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4099 8-K 1 a05-6648_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report  -  April 11, 2005

(Date of earliest event reported)

 

BEMIS COMPANY, INC.

(Exact name of Registrant as specified in its charter)

 

Commission File Number 1-5277

 

Missouri

 

43-0178130

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification No.)

 

 

 

222 South 9th Street, Suite 2300, Minneapolis, Minnesota     55402-4099

(Address of principal executive offices)

 

 

 

Registrant’s telephone number, including area code:    (612) 376-3000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

 

(a).                               On April 11, 2005, Bemis Company, Inc. issued a press release containing updated earnings outlook for the first quarter ended March 31, 2005, a copy of which is furnished as Exhibit 99 to this report.  Updated earnings guidance for the balance of 2005 for Bemis Company will be available during the regular earnings release conference call scheduled for Thursday, April 21, 2005, at 10:00 a.m. (EDT). Individuals may listen to the call on the Internet at www.bemis.com under “Investor Relations”.  However, they are urged to check the website ahead of time to ensure their computers are configured for the audio stream.  Instruction for obtaining the required, free, downloadable software are available in a pre-event system test on the site.

 

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

 

(c).                               The April 11, 2005, Bemis Company, Inc. press release is furnished as Exhibit 99 to this report.

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

BEMIS COMPANY, INC.

 

 

By

/s/ Gene C. Wulf

 

By

/s/ Stanley A. Jaffy

 

 

Gene C. Wulf, Vice President,

 

 Stanley A. Jaffy, Vice President

 

Chief Financial Officer

 

 and Controller

 

and Treasurer

 

Date

April 11, 2005

Date

April 11, 2005

 

2


EX-99 2 a05-6648_1ex99.htm EX-99

Exhibit 99

 

PRESS RELEASE  DATED April 11, 2005

 

BEMIS COMPANY, INC.

222 South Ninth Street
Suite 2300
Minneapolis, MN 55402-4099

 

For additional information please contact:
Melanie E. R. Miller
Vice President - Investor Relations
and Assistant Treasurer
(612) 376-3030

 

FOR IMMEDIATE RELEASE

 

BEMIS UPDATES FIRST QUARTER EARNINGS OUTLOOK

 

MINNEAPOLIS, April 11, 2005 - Bemis Company, Inc. (NYSE-BMS) announced today that it expects first quarter diluted earnings per share to be about 25 percent below its previous guidance.  Bemis had expected first quarter 2005 earnings per share to be comparable to earnings for the first quarter of 2004 of $0.40 per share.

 

Based upon preliminary results reported after the close of the quarter, while flexible packaging net sales excluding acquisitions is expected to increase about 7 percent compared to the first quarter of 2004, operating profit in the flexible packaging business segment is well below original expectations.

 

“During periods of rapidly rising resin costs, timing can have a significant impact on short-term operating margins,” said Jeff Curler, President and Chief Executive Officer of Bemis Company.  “While operating results for the first quarter incorporated higher selling prices consistent with our normal pricing strategy, resin cost increases that occurred late in the fourth quarter of 2004 and during the first quarter of 2005 have temporarily outpaced our ability to adjust related selling prices.  The first quarter of each year is normally the weakest reporting period for both sales and operating profit.  Profit trends are expected to improve through the balance of the year.

 

“We will update our 2005 total year guidance as necessary in our first quarter earning announcement on April 21st, after the detailed quarterly results become available.  Competition in our flexible packaging markets remains strong as customers seek to manage higher package prices.  Our focus continues to be to utilize technology to deliver high quality products and superior customer service that achieves the most competitive total system cost and improves market share results for our customers.”

 

Bemis will announce its first quarter 2005 results in a news release that will be available to the media and on the Bemis website on Thursday, April 21, before the market opens.  Bemis will Webcast an investor telephone conference regarding its first quarter 2005 financial results on Thursday, April 21, beginning at 10:00 a.m., Eastern Time.  Individuals may listen to the call on the Internet at www.bemis.com under “Investor Relations”.  However, they are urged to check the website ahead of time to ensure their computers are configured for the audio stream.  Instructions for obtaining the required, free, downloadable software are available in a pre-event system test on the site.

 

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide.  Founded in 1858, the Company reported 2004 net sales of $2.8 billion.  The Company’s flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing and converting. The Company’s pressure sensitive materials business specializes in adhesive technologies.  Based in Minneapolis, Minnesota, Bemis employs about 15,500 individuals in 62 manufacturing facilities in 11 countries around the world.  More information about the company is available at our website, www.bemis.com.

 

Statements in this release that are not historical, including statements relating to the expected future performance of the company, are considered “forward-looking” and are presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  Such content is subject to certain risks and uncertainties, including but not limited to future changes in cost or availability of raw materials and changes in prevailing market interest rates.  Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Company’s regular SEC filings including the most recently filed Form 10-K for the year ended December 31, 2004.

 


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