Bemis Company Announces Actions to Reduce Cost Structure
BEMIS (BMS)
Last bemis earnings: 4/22 06:00 am
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US:NYSE Investor Relations:
investors.bemis.com/faq
Company Research
Source: Business Wire
Summary: Restructuring and cost savings plan initiated to improve profitability by reducing manufacturing and administrative cost structure Benefit of program: annual savings run rate targeted at $55 to $60 million, with targeted timing of 5-10% in 2017, 50-60% in 2018, and the remainder in 2019 Cost to implement: estimated between $100 to $120 million NEENAH, Wis.--(BUSINESS WIRE)-- Bemis Company, Inc. (NYSE: BMS) announced today its planned actions in a restructuring and cost savings program to improve efficiency and profitability that further positions the Company for long-term success. The Company will implement these initiatives while maintaining the high quality products, best-in-class service, and culture of respect and innovation consistent with Bemis’ standards. “Improving the performance of our U.S. Packaging business is a key
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