Bemis Company Corrects Its Third Quarter Press Release; No Change to Financial Statements or Reported Earnings.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Oct. 24, 2001 Bemis Company Bemis Company, Inc. is an American manufacturer of flexible packaging products and pressure-sensitive materials, which are distributed worldwide. Bemis is part of the S&P 500 index. References
See: New York Stock Exchange :BMS BMS abbr. Bachelor of Marine Science ) is today issuing this correction to its third quarter earnings release dated yesterday, October October: see month. 23rd. In the body of the release, the estimated impact of acquisitions on net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the third quarter of 2001 was incorrectly stated. The following corrections are made: -- Total Company third quarter net sales, excluding the impact of acquisitions, decreased by approximately 1 percent (original release stated an increase of 2 percent). -- Flexible packaging third quarter net sales, excluding the impact of acquisitions, increased by approximately 2 percent (original release stated an increase of about 6 percent). -- Pressure sensitive materials third quarter net sales, excluding the impact of acquisitions, decreased by approximately 12 percent (original release stated a decrease of 11 percent). This revision has no impact on the financial statements presented in the original release. |
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