Business Management - Finance/Financial

Managing consumables, as well as other major capital expenditures, requires a sound purchasing strategy based on several factors, including strategic sourcing, internal rationalization, and understanding the marketplace.

NEENAH, Wis.—Bemis Company, Inc. announced that management expects its diluted earnings per share for the second quarter to be approximately $0.47. These results include a $.03 per share charge related to the impact of expensing acquisition related costs in accordance with FAS 141(R). Management’s original guidance for the second quarter was $0.35 to $0.43 per share, and this guidance did not include any FAS 141(R) charges.

NEENAH, Wis.—Bemis Company, Inc. announced that management expects its diluted earnings per share for the second quarter to be approximately $0.47.

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.

ST. LOUIS—Mark Andy Inc. announced that the company had strong sales during first quarter 2009. North American sales volume for Comco, Mark Andy, Rotoflex and UVT equipment was higher than the prior year with international sales following suit.

"Mark Andy Inc. is excited to support our customers as they enhance their operations and enter into new projects," said Paul Brauss, president and CEO. "We credit our clients for their tenacity in weathering this environment and advancing their technologies, and we appreciate their confidence in us to be their equipment provider."

Arlington, Va.—PMMI reported United States exports of packaging machinery from January to December 2008 were up 9.5 percent from the same period in 2007, totaling $950 million. The data, based on the U.S. Census estimates, also showed U.S. imports reached $2 billion, a slight increase of 0.27 percent.

ST. LOUIS, Mo.—Mark Andy Canada Inc.'s Mississauga, Ontario, manufacturing facility continues to work full-time to fill outstanding Rotoflex equipment orders, with the first shipments of the year completed in mid-January.

TROY, Ohio—Despite the current state of the economy, 3 Sigma Corporation has reported strong sales and profit growth in 2008.

NEW YORK—Alcoa announced it has completed the sale of its packaging and consumer businesses to New Zealand’s Rank Group Limited. Alcoa’s packaging and consumer businesses generated approximately 11 percent of Alcoa 2007 revenues and approximately 4.6 percent of 2007 after-tax operating income. Businesses included in the sale are: • Closure Systems International; • Consumer Products, including Reynolds Wrap branded products; • Flexible Packaging; and • Reynolds Food Packaging. In total, these packaging businesses have approximately 9,300 employees in 22 countries around the world. Alcoa will continue to operate its flat-rolled can sheet products serving the packaging market. Alcoa received approximately $2.5 billion in cash

NEW YORK—Alcoa announced it has completed the sale of its packaging and consumer businesses to New Zealand’s Rank Group Limited. Alcoa’s packaging and consumer businesses generated approximately 11 percent of Alcoa 2007 revenues and approximately 4.6 percent of 2007 after-tax operating income. Businesses included in the sale are: • Closure Systems International; • Consumer Products, including Reynolds Wrap branded products; • Flexible Packaging; and • Reynolds Food Packaging. In total, these packaging businesses have approximately 9,300 employees in 22 countries around the world. Alcoa will continue to operate its flat-rolled can sheet products serving the packaging market. Alcoa received approximately $2.5 billion in cash