Bemis Narrows 2017 EPS Guidance Range - Quick Facts

(RTTNews) - Bemis Company, Inc. (BMS) announced the company now expects adjusted earnings per share to be in the range of $2.35 to $2.40 for the full year 2017. Previously, the company projected adjusted earnings per share to be in the range of $2.35 to $2.50 for the full year 2017.

William Austen, Bemis CEO stated: "We have narrowed our EPS guidance range primarily on account of lower unit volume expectations during the fourth quarter from some of our U.S. customers and also on account of some anticipated hurricane-related impacts in the fourth quarter. These hurricane-related impacts include higher raw material input prices in Latin America that have become difficult to pass through to our customers in that region due to the tough economic environment and the impact of light production levels at our healthcare facility in Puerto Rico that are aligned to the demands of our customer base in that region."