Bemis posts Q2 earnings rise

NEENAH, Wis. — Bemis reported earnings of 67 cents per share, 11.7% higher than a year ago. U.S. packaging sales netted $694.7 million, a 4.3% drop, as a decline of 5% in unit volumes was partially offset by an increase in sales price and mix. Global sales of $335.6 million represented a decrease of 9.7%, compared to Q2 in 2014. Gross profit as a percentage of net sales improved to 21.5% in the second quarter, compared to 20% in the prior Q2.