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BEMIS FIRST QUARTER EARNINGS EQUAL TO THOSE IN 1992

 MINNEAPOLIS, April 21 /PRNewswire/ -- Bemis Company (NYSE: BMS) today reported first quarter earnings per share of 21 cents, equal to those in the first quarter a year ago. Income for the first quarter was $10.7 million, the same as in the first quarter in 1992. Sales for the quarter were $292.6 million, up 1 percent from $289.6 million for the first quarter a year ago.
 President and Chief Executive Officer John Roe said, "First quarter performance was weak as expected, primarily due to extremely difficult business conditions in Europe and also strong price competition in the U.S. We expect these conditions to persist in the second quarter."
 Looking at the remainder of the year, Roe said, "It appears that economic conditions in Europe will not improve in 1993, and this will severely affect our results. While our U.S. business should improve over the balance of the year, the situation in Europe will dampen our growth prospects for the year."
 Bemis Company is a major supplier of flexible packaging and specialty coated and graphics products. The company's common stock is traded on the New York Stock Exchange.
 BEMIS COMPANY, INC.
 Three Months Ended
 (Unaudited)
 3/31/93 3/31/92
 Net sales $292,628,000 $289,551,000
 Net income $10,748,000 $10,743,000
 Earnings per share $.21 $.21
 Average common shares and
 common stock equivalents
 outstanding (for computation
 of earnings per share) 51,773,000 51,738,000
 -0- 4/21/93
 /CONTACT: Lisa D. Locken, director of corporate communications, 612-376-3030, or Benjamin R. Field, chief financial officer, 612-376-3003, both of Bemis/
 (BMS)


CO: Bemis Company ST: Minnesota IN: SU: ERN

AL -- MN011 -- 8699 04/21/93 11:49 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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