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| BMS > SEC Filings for BMS > Form 8-K on 26-Jul-2012 | All Recent SEC Filings |
26-Jul-2012
Results of Operations and Financial Condition, Financial Statements and Exhibits
On July 26, 2012, Bemis Company, Inc. issued a press release containing its financial results for the second quarter ended June 30, 2012, a copy of which is furnished as Exhibit 99 to this report. Earnings guidance for the balance of 2012 for Bemis Company, Inc. is included with this press release and will be available during the regular earnings release conference call scheduled for Thursday, July 26, 2012, at 10:00 a.m. (ET). Individuals may listen to the call on the Internet at www.bemis.com under "Investor Relations." Listeners are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the required, free, downloadable software are available in a pre-event system test on the site.
Use of Non-GAAP Financial Measures
The press release furnished as an exhibit to this report contains certain non-GAAP financial measures, including:
† Segment operating profit as adjusted
† Segment operating profit as adjusted as a percentage of net sales
† Diluted earnings per share as adjusted
† Net debt to adjusted EBITDA
Each of these measures excludes from the most directly comparable GAAP measures the impact of certain items. Management believes these adjusted measures are useful to investors because they assist an investor's understanding of the impact of these items on the comparability of the Company's operations from year-to-year. Excluding the impact of these items also enables investors to compare our underlying operational results and trends before other charges and income items that are considered by management as not related to the Company's core operations. Management uses these adjusted measures to monitor and evaluate operating performance and also for internal planning purposes. These measures are subject to certain limitations because they do not reflect all charges, income, or other items that were actually recognized by the Company in accordance with GAAP. As a result, investors should consider these non-GAAP measures in addition to, and not as a substitute for, or superior to, financial performance measures presented in accordance with GAAP. In addition, these adjusted measures may not be calculated in the same manner as adjusted measures presented by other companies.
(d). The July 26, 2012, Bemis Company, Inc. press release for the second quarter ended June 30, 2012, is furnished as Exhibit 99 to this report.
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