Bemis Company, Inc.
(BMS - Free Report
) delivered fourth-quarter 2017 adjusted earnings per share of 63 cents, beating the Zacks Consensus Estimate of 61 cents.. However, earnings dropped 6% year over year.
Including one-time costs, Bemis reported a loss of 44 cents per share against earnings of 64 cents per share reported in the prior-year quarter.
Net sales edged up 2% to $1,004 million from $988 million recorded in the year-ago quarter. Revenues also beat the Zacks Consensus Estimate of $986 million.
Cost of products sold went up 5% year over year to $810 million in the quarter. Gross profit declined 10% to $194 million from $216 million in the prior-year quarter. Gross margin contracted 250 basis points (bps) to 19.3% in the quarter.
Selling, general and administrative expenses decreased 3% to $94 million from $97 million incurred in the year-ago quarter. Adjusted operating income declined 10% year over year to $109 million. Adjusted operating margin contracted 140 bps to 10.8% in the quarter.
Bemis Company, Inc. Price, Consensus and EPS Surprise
H&E Equipment Services has an expected long-term earnings growth rate of 18.6%. The company’s shares have surged 76% over the past three months.
Applied Industrial Technologies has an expected long-term earnings growth rate of 12%. Its shares have gone up 37% over the past year.
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