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BEMIS COMPANY INCREASES QUARTERLY DIVIDEND; PROVIDES SUPPLEMENTAL EARNINGS INFORMATION

 MINNEAPOLIS, Feb. 9 /PRNewswire/ -- The board of directors of Bemis Company, Inc. (NYSE: BMS), today increased the company's quarterly cash dividend on its common stock to 12.5 cents per share from 11.5 cents per share, a 9 percent increase, payable on March 1, 1993, to stockholders of record on Feb. 22, 1993.
 John H. Roe, president and chief executive officer, said, "This action seems appropriate in view of the company's continuing progress and development."
 In January, Bemis announced its tenth consecutive year of earnings gains. It reported 1992 earnings per share of $1.10, up 7 percent from $1.03 in 1991. Net sales for the year were $1.18 billion, compared to $1.14 billion reported in 1991.
 Bemis Company is a major supplier of flexible packaging and specialty coated and graphics products. Bemis common stock is traded on the New York Stock Exchange.
 NOTE: The following is additional financial information on the fourth quarter and year to supplement the earnings release dated Jan. 21, 1993.
 BEMIS COMPANY, INC.
 CONSOLIDATED STATEMENT OF INCOME
 Years Ended December
 (In thousands of dollars except per share amounts)
 1992 1991 1992 1991
 4th Qtr 4th Qtr
 Net sales $301,745 $290,871 $1,181,336 $1,141,638
 Costs and expenses:
 Cost of products sold 232,214 216,798 908,394 877,789
 Selling, general &
 administrative expenses 37,835 38,511 157,383 155,045
 Research and development 3,923 2,900 15,939 13,223
 Interest 1,829 2,530 7,546 12,101
 Other costs (income) (1,205) 1,048 (1,661) (4,178)
 Minority interest in net
 income 1,124 716 3,449 2,740
 Income before income taxes 26,025 28,368 90,286 84,918
 Provision for income taxes 9,500 10,400 33,000 31,900
 Income before effect of
 changes in accounting
 principles 16,525 17,968 57,286 53,018
 Cumulative effect on prior
 years (to 12/31/91) of
 adoption of FAS 106 and
 FAS 109 (274) -- (274) --
 Net income $16,251 $17,968 $57,012 $53,018
 Earnings per share of
 common stock before
 adoption of FAS 106 and
 FAS 109 $.32 $.35 $1.11 $1.03
 Cumulative effect on EPS
 of common stock of adoption
 of FAS 106 and FAS 109 (.01) -- (.01) --
 Net income $.31 $.35 $1.10 $1.03
 CONSOLIDATED BALANCE SHEET
 (In thousands of dollars)
 ASSETS 12/31/92 12/31/91
 Current assets:
 Cash $101 $1,392
 Accounts receivable, less $7,352
 and $8,281 for doubtful accounts
 and allowances 166,081 156,835
 Inventories 128,854 131,317
 Prepaid expenses and deferred charges 19,563 18,226
 Total current assets 314,599 307,770
 Property and equipment:
 Land and land improvements 11,815 12,785
 Buildings and leasehold improvements 147,670 137,820
 Machinery and equipment 506,430 464,263
 -- 665,915 614,868
 Less - accumulated depreciation 275,185 245,012
 -- 390,730 369,856
 Excess of cost of investments in
 subsidiaries over net assets acquired 25,759 26,361
 Other assets 11,582 10,950
 -- 37,341 37,311
 Total assets $742,670 $714,937
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities:
 Bank borrowings $1,299 $1,772
 Current portion of long-term debt 6,159 6,115
 Accounts payable 113,880 112,724
 Accrued liabilities:
 Salaries and wages 24,339 25,958
 Income taxes 8,268 11,429
 Other taxes 6,624 9,138
 Total current liabilities 160,569 167,136
 Long-term debt, less current portion 131,077 128,850
 Deferred taxes 33,341 47,001
 Other liabilities and deferred credits 33,439 21,066
 Total liabilities 358,426 364,053
 Minority interest 23,294 21,658
 Stockholders' equity:
 Common stock, $.10 par value:
 Authorized - 123,800,000 shares
 Issued - 55,608,063 and 55,442,417 shares 5,561 5,544
 Capital in excess of par value 99,521 98,164
 Retained income 382,056 348,167
 Cumulative translation adjustment 6,043 9,581
 Common stock held in treasury,
 4,456,293, and 4,456,289 shares, at cost (132,231) (132,230)
 Total stockholders' equity 360,950 329,226
 Total liabilities and stockholders' equity $742,670 $714,937
 -0- 2/9/93
 /CONTACT: Lisa D. Locken, director of corporate communications, 612-376-3030 or Benjamin R. Field, chief financial officer, 612-376-3003, both of Bemis Company/
 (BMS)


CO: Bemis Company, Inc. ST: Minnesota IN: SU: DIV

KH -- MN007 -- 4682 02/09/93 12:46 EST
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