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NEENAH, Wis.—Bemis Company, Inc. reported quarterly diluted earnings of $0.36 per share for the first quarter ended March 31, 2009, compared with $0.41 per share for the same quarter of 2008. Results for the current quarter were negatively impacted by severance charges associated with workforce reductions and the implementation of Statement of Financial Accounting Standards No. 141 (revised 2007), Business Combinations (FAS 141(R)). Excluding the effect of the items mentioned above, which are set forth in the schedule, “Reconciliation of Non-GAAP Data”, diluted earnings per share would have been $0.43 for the first quarter of 2009 compared to $0.41 per share for the first quarter of 2008.
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- Companies:
- Bemis Company
- People:
- Henry Theisen
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