Bemis profits dip

Neenah-based Bemis Company Inc. reported that its net income fell 24 percent to $42.3 million and its net sales fell 3.5 percent to $1.32 billion during its fiscal second quarter.

“In this challenging year, we continue to focus on prudent cost management and efficient implementation of our facility consolidation program,” said Henry Theisen, Bemis Company’s president and chief executive officer. “A favorable raw material cost environment is expected to mitigate some of the negative effects of lower volume levels in 2012. Significant foreign currency changes have also negatively impacted translation of foreign profits. Our ongoing improvements in cost structure will position us well to deliver performance improvement once volume begins to strengthen.”

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