Earnings Call Excerpt
Bemis Company, Inc. (BMS)
Q1 2009 Earnings Call Transcript
April 28, 2009 10:00 am ET
Executives
Melanie Miller – VP and Treasurer
Gene Wulf – SVP and CFO
Henry Theisen – President and CEO
Analysts
George Staphos – Banc of America
Jason Brown – KeyBanc Capital Markets
Claudia Hueston – J.P. Morgan
Tim Thein – Citigroup
Mark Wilde of Deutsche Bank
Alton Stump – Longbow Research
Al Keabily [ph] – Macquarie Research
Mike Hamilton – RBC
Timothy Burns – Cranial Capital
Presentation
Operator
Good day, everyone, and welcome to the Bemis first quarter 2009 earnings release conference call. Today’s call is being recorded. For opening remarks and introductions, I will now turn the call over to the Vice President and Treasurer for Bemis Company, Ms. Melanie Miller. Ms. Miller, please go ahead.
Melanie Miller
Thank you. Today is April 28th, 2009. A replay of this call will be available on our Web site, www.bemis.com, under the Investor Relations section. Joining me for this call today are Bemis Company's President and CEO, Henry Theisen; and, our Senior Vice President and Chief Financial Officer, Gene Wulf.
Today, Gene will begin with comments on financial details, followed by Henry who will provide additional details on operations and the market. After our comments, we will answer any questions you have. However, in order to allow everyone an opportunity to participate, we ask that you limit yourself to one question at a time with a related follow up and then fall back into the queue for any additional question.
Before we begin, I'd like to remind everyone that statements regarding future performance of the company made in this teleconference are forward-looking and are subject to certain risks and uncertainties. Actual results may differ materially from historical, expected, or projected results due to a variety of factors, including currency fluctuations, changes in raw material costs and availability, industry competition, unexpected consumer buying trends and customer order patterns, our ability to pass along increased costs in our selling prices, costs associated with the pursuit of business combinations, interest rate fluctuations, the availability and cost of bank financing, and regional economic conditions. A more complete list of risk factors is included in our regular SEC filings, including the most recently filed Form 10-K for the year ended December 31st, 2008.
Now, I'll turn the call over to Gene Wulf.
Gene Wulf
Good morning, everyone, and thank you for joining us today. This morning, Bemis reported first quarter 2009 earnings per share of $0.36. Excluding charges related to severance, and the implementation of FAS 141R, diluted earnings per share would have been $.043 cents per share, well above our guidance of $0.30 to $0.38 per share for the first quarter.
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