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Bemis Company, Inc.
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Neenah, Wisconsin, USA, 03 October 2007 --(BUSINESS WIRE)-- Bemis Company, Inc. (NYSE:BMS) announced today that, based upon preliminary performance results through September, it expects third quarter diluted earnings to be USD 0.37 to USD 0.40 per share. This is below its previous guidance range of USD 0.48 to USD 0.51 per share established in July. In addition, Bemis expects to further reduce its 2007 total year guidance by as much as 10% below its previous total year guidance. More specific guidance for the remainder of the year will be included in the 2007 third quarter earnings press release on 30 October 2007.

"Sales volumes substantially weakened during the third quarter," said Jeffrey Curler, chairman and chief executive officer of Bemis Company, Inc. "Preliminary results indicate that North American flexible packaging sales will be about 5.0% below our previous expectations, reflecting generally lower levels of consumer demand for our flexible packaging customers' products. These lower sales levels have severely impacted manufacturing cost absorption and operating profit. In addition, our European pressure sensitive materials sales softened in August and September, resulting in reduced operating profit levels in this business segment. At this point, we expect these weak business conditions to continue into the fourth quarter. Our business teams are implementing measures to immediately reduce costs and adjust staffing levels in order to improve profit levels during this challenging period."

Bemis will announce its third quarter 2007 results in a news release that will be available to the media and on the Bemis website on 30 October, before the market opens. Bemis will webcast an investor telephone conference regarding its completed third quarter 2007 financial results on 30 October 2007, at 10 a.m., Eastern Time. Individuals may listen to the call on the Internet at www.bemis.com under "Investor Relations." Listeners are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the required, free, downloadable software are available in a pre-event system test on the site.

About Bemis Company, Inc.

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. Founded in 1858, the company reported 2006 net sales of USD 3.6 billion. The company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. The company's pressure sensitive materials business specializes in adhesive technologies. Headquartered in Neenah, Wisconsin, Bemis employs about 15,700 individuals in 55 manufacturing facilities in 10 countries around the world. More information about the company is available at www.bemis.com.

Source: Bemis Company, Inc.


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