Bemis Company, Inc. (NYSE:BMS) Q4 2017 Earnings Conference Call Transcript

Feb 01, 2018 • 10:00 am ET


Bemis Company, Inc. (NYSE:BMS) Q4 2017 Earnings Conference Call Transcript


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Bill Austen

penetrate pockets of growth such as short run business and nonfood applications, that historically, our US business model had not focused on. Through Agility, we are taking actions to improve our cost structure and align our business strategically to be successful in a changing environment and for the long term. As we come into 2018, we are focused on delivering the opportunities in front of us. While we do have some headwinds, as Mike mentioned, we have also won some great pieces of business that we -- will help offset. Few examples of the new business we brought in for 2018, $10 million award for individual-size creamer cup, $25 million award for fresh red meat packaging, a $20 million award for consumer and industrial packaging, a $9 million award for laminated cosmetic tubes in Latin America and a $10 million award won with core specs at a large customer.

We continue to innovate, and we continue to press on new business. Our business has a solid foundation to build from, a world-class customer base, a dedicated workforce that is committed to improving, a comprehensive and innovative product portfolio and a good position in the markets we serve. During 2018, we are taking actions to build on the strong foundation to create value for our shareholders over the long term. We are committed and determined to improve and to regain credibility. We will execute this plan in 2018.

With that, I'll turn the call over for questions.