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BEMIS FOURTH QUARTER EARNINGS PER SHARE UP 17 PERCENT

 BEMIS FOURTH QUARTER EARNINGS PER SHARE UP 17 PERCENT
 MINNEAPOLIS, Jan. 22 /PRNewswire/ -- Bemis Company (NYSE: BMS) today


reported fourth quarter 1991 earnings of 70 cents per share, up 17 percent from 60 cents per share in 1990. Net income was $18.0 million, up from $15.4 million in the same period a year ago. Net sales for the quarter were $290.9 million in 1991, compared to $303.3 million in 1990.
 For the year, Bemis Company earnings per share were $2.06 in 1991, up 4 percent from $1.98 in 1990. Bemis Company's 1991 unaudited net income was $53.0 million, up from $50.9 million in 1990. Net sales for 1991 were $1.14 billion, compared to $1.13 billion reported for 1990.
 John Roe, president and chief executive officer said, "Fourth quarter results showed good improvement in spite of the continuing weak economy. As we move into 1992, we are encouraged that our operations are performing well and controlling costs effectively."
 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
 CONSOLIDATED FINANCIAL STATEMENTS
 (Unaudited)
 (In thousands, except per share data)
 Three Months Ended 12 Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $290,871 $303,262 $1,141,638 $1,128,173
 Net income 17,968 15,365 53,018 50,897
 Earnings per share $.70 $.60 $2.06 $1.98
 Average common shares and
 common stock equivalents
 outstanding (for computation
 of earnings per share) 25,787 25,698 25,765 25,701
 -0- 1/22/92
 /CONTACT: Lisa D. Locken, 612-376-3030, or Benjamin R. Field, 612-376-3003, both of Bemis/
 (BMS) CO: Bemis Company ST: Minnesota IN: SU: ERN


AL -- MN007 -- 2263 01/22/92 11:47 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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