Bemis Company, Inc. (BMS) reported third quarter earnings of 48 cents per share, above the Zacks Consensus Estimate of 39 cents and year-ago EPS of 43 cents. Earnings growth in the quarter was primarily driven by strong operating performance in the Flexible Packaging business, helped by improved sales mix and successful cost controls by the company. Quarterly sales dropped 8.7% year over year to $898.9 million. The second quarter acquisition of the South American rigid packaging operations of Huhtamaki Oyj contributed 1.9% to the third quarter sales. This was more than offset by a negative currency translation effect of 3.6%. The remaining 7.0% decline in sales came from lower volumes and selling prices, partially offset by improved sales mix. Sales in the Flexible Packaging segment were down 7.5% compared to last year, as positive contribution from acquisition and improved sales mix were more than offset by ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Advanced Energy Industries Inc (AEIS) American Medical Systems Holdings Inc (AMMD) BCE Inc (BCE) Bemis Company Inc (BMS) BG Group Plc (BRGYY) California Pizza Kitchen Inc (CPKI) CarMax Inc (KMX) Carter's Inc (CRI) Casual Male Retail Group Inc (CMRG) Encore Capital Group Inc (ECPG) Huaneng Power International Inc (HNP) Ingram Micro Inc (IM) Isle of Capri Casinos (ISLE) Jefferies Group Inc (JEF) LTC Properties Inc (LTC) Luxottica Group SpA (LUX) ...