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Bemis Company, Inc.

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Bemis lowered its 2017 adjusted earnings per share guidance due to lower unit volume projections as well as expected hurricane-related impact in the fourth quarter. Further, its performance is expected to be impacted by the escalating raw material prices due to hurricanes. The company remains concerned on tough economic environment in Brazil and declining U.S. packaged food market. Restructuring expenses will also drag Bemis’ profit in the near term. The company underperformed its industry over the last year.

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