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Bemis Company Inc

Bemis Company, Inc. (BMY) is a multinational packaging company that specializes in the design, manufacturing, and sale of flexible and rigid packaging products. The company operates in two reportable segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment includes foil and film-based packaging sold to the food and general industrial markets, while the Global Packaging segment includes flexible packaging sold to the food and healthcare markets.

As of the most recent quarterly report, Bemis posted net sales of $1.2 billion, representing a decrease of 1.5% compared to the same quarter in the previous year. The decrease in net sales was primarily due to the negative impact of foreign currency translation and lower volume in the U.S. Packaging segment.

In terms of earnings, Bemis reported a net income of $63.5 million for the quarter, or $0.71 per diluted share. This represents an increase of 3.2% compared to the same quarter in the previous year.

In terms of growth, Bemis has been focusing on strategic acquisitions and investments to drive growth. One of the recent acquisitions is the purchase of a majority stake in Brazilian flexible packaging company, Tegra, in August 2018. This acquisition is expected to strengthen Bemis's position in the South American market and provide access to new customers and products.

It is important to note that the company is currently being acquired by Amcor plc, a global packaging company based in Australia. The acquisition was announced in August 2018 and is expected to be completed in the first half of 2019, subject to certain regulatory and customary closing conditions.

It is recommended that you consult with a financial advisor and conduct your own research before making any investment decisions. The information provided here is for informational purposes only and should not be considered as a recommendation to buy or sell Bemis Company Inc's stock.