Bemis Company Inc., which moved its headquarters from Minnesota to Neenah earlier this year, today reported third-quarter net income of $48.0 million, or 45 cents per share, up from $44.2 million, or 41 cents per share, in the same period a year ago.
Bemis, which is a supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing and other companies worldwide, reported record quarterly net sales of $903.3 million, up from $870.1 million a year earlier. The company's flexible packaging operations represented about 83 percent of the firm's sale sin the quarter.
"I am pleased to report strong earnings growth again this quarter. Our capacity expansion efforts in key product lines are on schedule, and our 2006 restructuring effort to consolidate capacity into more efficient facilities is nearly complete. Our market-focused business teams are successfully implementing growth strategies aimed at maintaining our leadership positions in key markets and growing our position in new product markets and regions of the world," said Jeff Curler, chairman, president and chief executive officer of Bemis.
Bemis reports record quarterly sales at new Neenah headquarters
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