Bemis Company, Inc. has reported record third quarter diluted earnings of $0.41 per share for the quarter ended September 30, 2004, in line with management's previously disclosed guidance. This represents an increase of 28.1 percent compared to diluted earnings per share of $0.32 for the third quarter of 2003. Restructuring and related charges totaled $1.1 million and $10.8 million during the third quarters of 2004 and 2003, respectively. Excluding the impact of these charges, third quarter earnings per share for 2004 would have increased by 7.3 percent over the comparable prior period.

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