Bemis Co., Inc. Q2 2008 Earnings Call

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2008-07-29 09:49:17.0

Tags: Bemis Co. Inc.

Question-and-Answer Session

Thank you very much. The question and answer session will be conducted electronically [Operator Instructions]. As a reminder, two questions will be permitted each time your line is open. Should you have additional questions, you will need to re-queue [Operator Instructions]. We will go first to George Staphos with Bank of America. Go ahead.

George Staphos - Bank of America

Thanks, Hi everyone, Good morning.

Henry J. Theisen - President and Chief Executive Officer

Good morning, George.

George Staphos - Bank of America

How are you? First question is and I realize, it's very difficult to do this across all of your product lines. What do you expect your second quarter volume was in flexible packaging in real terms? And the question behind the question, I'm really try to get out, what kind of pricing you saw... pricing and mix you saw in the quarter?

Melanie E. R. Miller - Vice President and Treasurer

As you suggested that's a difficult question to answer because of the fact that it's... as I have explained to a lot of people, its kind a hard to add the up and lows but I think we're still seeing... while we've stronger lines in many of the categories; we're still seeing weakness in others. And Gene went through the details of where the strong volumes are. We also ended up... especially in areas where we had increased pricing in specialty chemicals prices. We had price improvements from our price increases I guess price and mix changes from second quarter of '07 to now?

George Staphos - Bank of America

Well Mellie, I appreciate that, obviously we can't be that precise, we understand that, would you think that most of the difference that was not accounted for by currency was made by volume or by pricing in the quarter.

Melanie E. R. Miller - Vice President and Treasurer

I think you would argue that it was price and mix, that is better in mix even though you look at if we measure volume as million square inches, you would look at the fact that we are selling more of the higher priced items that may have perhaps fewer million square inches than the inexpensive unprinted that type of items.

Henry J. Theisen - President and Chief Executive Officer

George, I would like to stress though that we do see volume growth in the areas that we invested, the things that we will rolled [ph] around our polyester platform, rigid sliced lunch and meats, bacons, slice cheese is going on the market, or coffee program - our technologies for convenience food and stick pack [ph] are those areas where we have spent our capital dollars over the last couple of years are areas that are seeing volume growth.

 

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