Fourth Quarter 2017 Highlights: • Earned $0.76 per diluted share and $0.87 of adjusted earnings per diluted share. Our effective tax rate was 20.7%, and our adjusted tax rate was 28.4% • Generated net cash provided by operating activities of $494 million and adjusted free cash flow of $271 million • Achieved $80 million in year-over-year productivity and a run rate of $840 million of synergy and performance improvements since the merger. Full Year 2017 and Other Highlights: • Earned $2.77 per diluted share and $2.62 of adjusted earnings per diluted share • Generated net cash provided by operating activities of $1.90 billion ad adjusted free cash flow of $1.22 billion • Achieved $361 million of productivity year-over-year • Continued our portfolio transformation by: • Completing five acquisitions, including the acquisition of Multi Packaging Solutions International Limited (“MPS”). These acquisitions: º Advanced our strategy to provide differentiated, high value-added solutions to our customers and expanded our presence in attractive end markets º Created opportunities for meaningful synergies and performance improvements, and º Increased our vertical integration levels • Selling the Home, Health and Beauty business (“HH&B”) in April 2017. This sale resulted in a pre-tax gain of $193 million and generated net after-tax proceeds of approximately $1 billion. Click Read More below for additional information.
BPM Inc., a top provider of high quality flexible packaging for the food and confectionery industries, announced today that its production facility has received recognition of accomplishment for fulfilling the requirements of AIB International’s Consolidated Standards for food safety.
AIB International provides a comprehensive list of audits and inspections. AIB International audits are backed by more than 60 years of experience in the field for food manufacturing, beverages, ingredients and packaging. AIB International’s services are used by many of the world’s largest and most influential food manufacturers, distributors and food service operators. AIB International conducts audits in more than 120 countries covering producers ranging in size from multinationals to small, independent producers. In addition to the inspection of BPM’s facility in March 2015, the company has been consistently recognized for several consecutive years for fulfilling the requirements of AIB International’s Consolidated Standards for food safety.
“AIB International has rigorous standards established for food safety and BPM works hard to meet and exceed all requirements. AIB is widely recognized in the industry for these types of inspections and audits,” said Rod Wiltzius, Production Manager. “Customers want to know that proper procedures and assessments are in place to ensure cleanliness during the production process, and with AIB, customers can be assured of BPM’s commitment to food safety.”