All posts by Katie Reardon

Aptar Hosts 10th Annual Analyst Day Event

On September 7, Aptar hosted its 10th annual Analyst Day at the Marriott Marquis in New York City’s Times Square.

Aptar’s senior management team, including: Stephan Tanda, President and CEO; Bob Kuhn, Executive Vice President and CFO; Eldon Schaffer; President of Aptar Beauty + Home; Salim Haffar, President of Aptar Pharma; and Gael Touya, President of Aptar Food + Beverage, provided Wall Street analysts, and investors, with a comprehensive look at key elements of Aptar’s strategy.

They also discussed Aptar’s near-term priorities, financial targets and key initiatives along with macro growth opportunities for the future.

During the meeting, Stephan Tanda explained, “Aptar has a tremendous history with more than 75 years of entrepreneurship. Innovation is at the core of our DNA, driving differentiation and driving solutions for our customers. We are partners with some of the most trusted brands in the world, reaching millions of consumers. We have an expansive portfolio of global products which we tailor into winning local solutions and we are generating strong cash flows and strong returns, along with a pristine balance sheet.”

Mr. Tanda also explained Aptar’s focus on ‘thinking local, leveraging global’ by saying, “In most areas of our business, the decision as to whether we win business or not, is made locally. We have very strong local presence. We understand where the consumer shops, where they live, what, and how, they consume. We understand the local value chain ecosystem and use our local production facilities to develop winning local solutions. Going forward, we’re bringing stronger resources to the regions, including high-growth economies, and increasing the empowerment and accountability of our regional units to drive business growth.”

Mr. Tanda continued by saying, “We have a very robust business model, full of committed people, and a core strategy that is sound yet adaptable to change. I’m excited about driving the future of Aptar with our team.”

The event was webcast live and the presentations by management were followed by a question and answer session with the audience and webcast participants.

The presentation materials from the event, along with a replay of the webcast, can be access on the Investor Relations page of our website, under “Quick Links”.

Aptar’s senior management team participated in a panel question and answer session after presenting information on Aptar’s strategy, key initiatives and macro growth drivers.

September 15, 2017

VIDEO: Aptar is in Your Life

Millions of people around the world rely on Aptar’s dispensing solutions every day. At home, at work and on the go, our products are being used day-in and day-out to make your life better, simpler and safer.

At Aptar, we make it possible for you to conveniently dispense your shampoo, perfume, bottled water, ketchup, cleaning spray and pharmaceuticals, along with many other products that you rely on in your daily life.

Our in-depth consumer and market research, world-class engineering teams, and state of the art manufacturing facilities make our innovative dispensing solutions possible.

We invite you to watch the video below to discover what makes Aptar a global leader in dispensing, sealing and drug delivery solutions.

September 11, 2017

AptarGroup Announces Analyst Day and Confirms Third Quarter Confe...

AptarGroup, Inc. (NYSE: ATR) today announced that the Company will host an Analyst Day in New York City on Thursday, September 7, 2017, beginning at 8:00 a.m. EDT. Senior executives from the Company will speak and then answer questions from a live audience. Interested parties can access the presentation slides and listen live by visiting the Investor Relations page at www.aptar.com. A replay of this event will be available on the website for 30 days.

As previously announced, Aptar plans to report its 2017 third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 26, 2017. Aptar will hold a conference call on Friday, October 27, 2017, at 8:00 a.m. CDT (9:00 a.m. EDT) to discuss the third quarter results. The conference call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page of the Aptar website. Replay of the conference call can also be accessed on the Investor Relations page of the website.

Read the full press release.

August 24, 2017

VIDEO: Aptar Freyung Promotes a Culture of Teamwork

At our location in Freyung, Germany we place emphasis on an open and team oriented culture.

With over 600 dedicated and talented employees in Freyung, our workplace offers you the opportunity to interact with colleagues from around the globe on a daily basis. Building on Aptar’s Core Values, the Freyung team recognizes that each employee is responsible for the company’s success and promotes teamwork and employee engagement throughout the entire organization.

We invite you to watch the video below, in German with English subtitles, to see firsthand what it’s like to work at our Freyung facility. We’re always looking for motivated employees who are enthusiastic about our products, and our company, to join our team! Please visit the Careers section of our website to view current job openings at Aptar.

 

August 18, 2017

Aptar Torelló Receives Sustainable Supplier Award from Nestlé

Nestlé Spain recently organized an event to highlight and recognize suppliers for their sustainability initiatives. Aptar’s Torelló site in Spain was recognized with a Sustainable Supplier Award for the redesign of the “La Lechera” closure, used within packaging for condensed milk. Aptar has produced this closure since 1999, but in 2015 began to work on improving the efficiency of the closure. After studying the product through a lifecycle assessment, Aptar Torelló’s engineering department proposed modifications that would lessen the carbon footprint of the closure.

The site then carried out an additional lifecycle assessment to evaluate the environmental impact after the modification. The improved closure minimizes impact to the environment within all stages of the product lifecycle through reduced consumption of materials and energy. The results showed that the technical improvements allowed for a 20% reduction in CO2. Using the quantity of closures that were shipped to Nestlé in 2016 as a baseline, the total amount of CO2 emissions reductions are 144 tonnes per year. This amount of CO2 is equivalent to the carbon offsets generated by 469 planted trees or the distance driven by 75 cars annually. In addition, the team at Aptar Torelló improved the performance of the closure making it easier and more efficient for consumers to use.

In total, the event led by Nestlé Spain CEO, Laurent Dereux, was attended by 28 Nestlé suppliers each with initiatives targeted at improving the community and the environmental.

Special thanks to Ferran Fornols (fourth from left in photo), Ricard Canal, Nando Cutarella, Michele del Grosso, Jaume Soldevila (third from left in photo) and the entire team at Aptar Torello for their work with the redesign, engineering, and assessment of the closure.

August 11, 2017

AptarGroup Reports Second Quarter Results

Crystal Lake, Illinois, July 27, 2017 — AptarGroup, Inc. (NYSE:ATR) today announced its second quarter results.

Second Quarter 2017 Summary

  • Reported sales were in line with the prior year
  • Excluding the negative impact from changes in foreign currency exchange rates, core sales increased 1% as robust core sales growth in the Pharma and Food + Beverage segments offset a decline in Beauty + Home
  • Reported net income (11% of net sales) increased to $65 million (+10%) primarily due to a lower effective tax rate
  • EBITDA (20% of net sales) decreased to $124 million (-7%) primarily due to decreases in business in certain markets and higher raw material costs
  • Reported earnings per share were $1.01 compared to $0.91 reported in the prior year (+11%) and $0.90 in the prior year when adjusting for changes in currency exchange rates (+12%)
  • Current period earnings per share included certain tax benefits equivalent to $0.09 per share related to stock-based compensation and $0.05 per share primarily related to the Company’s planned cash repatriation activities

Download the full press release.

July 27, 2017

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.32 per share. The payment date is August 16, 2017, to stockholders of record as of July 26, 2017.

As previously announced, Aptar will hold a conference call on Friday, July 28, 2017, at 8:00 a.m. Central Time to discuss the Company’s second quarter results for 2017. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

July 13, 2017

AptarGroup Releases 2016 Corporate Sustainability Report

AptarGroup, Inc. (NYSE: ATR), a leading global dispensing and sealing solutions provider, today released its 2016 Corporate Sustainability Report. The 2016 Report is based on the Global Sustainability Reporting (GRI) Standards: Core Options, as released in October 2016. It highlights the sustainability initiatives and activities that took place across Aptar’s global business. In preparing the report, Aptar obtained limited external assurance for absolute energy metrics, carbon emissions and renewable energy purchases. Aptar also responds to the Carbon Disclosure Project (CDP) Investor Climate Change and Supply Chain questionnaires each year.

In 2016, Aptar implemented a GRI-based scorecard which allows the Company to better measure and promote its sustainability performance in the areas most important to its employees, customers and shareholders. The GRI-based scorecard is championed by a cross-functional steering committee that works with each area of the business to monitor progress using key performance indicators.

Aptar has many passionate employees around the world who support and further the Company’s sustainability progress in the communities where they live and work. “I am extremely pleased with the progress our employees made in 2016 and the areas we have identified for improvement. We now have an increased ability to measure and analyze our performance so that we can strengthen our commitment to people, products and the planet,” said Stephan Tanda, President and CEO. “I look forward to continuing our sustainability journey and to sharing our stories along the way.”

To minimize paper waste, Aptar encourages readers to view the Corporate Sustainability Report at https://www.aptar.com/sustainability_report.

Download the full press release.

May 31, 2017

Aptar Food + Beverage and GualapackGroup Partner to Launch a Prem...

Aptar Food + Beverage, a global leader in innovative dispensing solutions for on-the-go drinks in the beverage market, and GualapackGroup, a leader in premade spouted pouches, are pleased to announce that they are partnering to launch their first premade no-spill spouted pouch solution for the European beverage market. The two leaders entered a strategic agreement to introduce this unique product and technological solution to the market.

Introduced in early May at Interpack in Dusseldorf, Germany, the innovative no-spill pouch fitment offers the safety and convenience of Aptar’s SimpliSqueeze® valve in GualapackGroup’s squeezable, eye-catching and easy-to-use spouted pouch called Cheer Pack®. Aptar’s SimpliSqueeze valve is a top-selling valve system worldwide with billions of units sold in the market. The Cheer Pack premade pouch is also a top-selling solution. Combining their expertise and consumer-trusted products into one unique packaging solution, this new product provides an innovative beverage delivery package for juices, flavored water or drinkable yogurts, among others. These can be efficiently filled and closed using GualapackGroup’s system of premade pouches, caps and filling lines.

“The result is a unique package that intends to deliver the ultimate convenience and peace of mind for busy families and consumers of all ages,” said Gael Touya, President, Aptar Food + Beverage. “They will enjoy the easy ‘squeeze and drink’ capabilities of a product designed not to leak when tipped or held upside down, a first for the European pouched beverage market.”

Download the full press release.

 

Aptar Pharma’s Electronic Lockout Device Approved by EMA

Aptar Pharma, a world leader in innovative drug delivery systems, is pleased to announce the approval by the European Medicines Agency (EMA) of the first integrated electronic nasal lockout device (e-Lockout) following a multi-year development with Takeda Pharmaceuticals International AG. Aptar Pharma agreed to supply Takeda with its e-Lockout device for a multidose nasal spray version of Instanyl®. The EMA has granted marketing authorization for this multidose nasal spray treatment under the name Instanyl DoseGuardTM.

This represents a major milestone for Aptar Pharma, with the e-Lockout device being the first and only fully integrated electronic nasal drug delivery device to be approved by a U.S. or European regulatory authority.

Already available in unidose and multidose nasal spray versions, Takeda will launch Instanyl® DoseGuard in Europe in several multidose strengths, all using Aptar Pharma’s patented electronic lockout system, which marks another product innovation in the management of breakthrough pain.

Advanced e-Device Technology Ensures Safe Compliance

Instanyl® is a fast-acting nasal opioid approved for relieving breakthrough pain in adult cancer patients already treated with opioids for their usual pain. Breakthrough pain is an additional sudden pain that occurs despite having taken one’s usual pain relieving medicines.

Aptar Phama’s e-Lockout device uses advanced electronic technology to help patient compliance in the treatment of chronic disease. Aptar Pharma’s e-Lockout device is intended to ensure safe patient compliance by limiting the number of doses available during a 24 hour period.

The system’s built-in lock-out mechanism prevents the device from being used for a period of time after a pre-defined number of spray actuations. The electronic display shows the number of priming strokes, the number of doses left in the device and whether the nasal spray is locked or ready for use. The e-Lockout also features a child-resistant cap.

Long-term Strategic Partnership with Takeda

The multi-year supply agreement reinforces a long-standing partnership between Takeda and Aptar Pharma, who currently supplies Takeda with unidose and multidose nasal spray devices for Instanyl® in Europe.

Committed to accompanying pharmaceutical companies throughout their product lifecycle management, Aptar Pharma continues to partner to provide customers with innovative and smart solutions to enable safe, convenient and compliant medication delivery.

“This approval and subsequent product launch underscores Aptar Pharma’s ability to partner with the pharma industry to bring innovative, compliant and safer devices through the regulatory authorization process,” explained Salim Haffar, President, Aptar Pharma. “This is yet another example of Aptar Pharma’s expertise and technology at the heart of a new market launch. This is a significant step in strengthening Aptar Pharma’s credentials in the electronics and connected health markets. We are pleased to be building on our trusted, long-term partnership with Takeda,” he added.

Download the full press release.

May 15, 2017

AptarGroup Reports Increased First Quarter Revenue and Earnings

Crystal Lake, Illinois, April 27, 2017 — AptarGroup, Inc. (NYSE:ATR) today announced increased revenue, net income and earnings per share for the first quarter of 2017. In addition, AptarGroup announced its continued investment in the field of connected electronic drug delivery devices.

First Quarter Summary

  • Reported sales grew 3%; growth in Beauty + Home and Pharma offset decline in Food + Beverage
  • Excluding the negative impact from changes in foreign currency exchange rates and the positive contribution from an acquisition, core sales also increased 3%
  • Reported earnings per share were $0.81, which includes a $0.04 tax benefit not included in previous first quarter guidance, compared to $0.67 in the prior year (+21%); when adjusting for special items and changes in currency exchange rates, comparable earnings per share for the prior year were $0.74 (+9%)
  • Earnings per share for both the current and prior year included certain tax benefits amounting to approximately $0.04 in each respective period
  • Received the first order for European Medicines Agency (EMA)-approved integrated electronic nasal lockout device (Aptar’s eLockout)
  • Acquired 20% minority ownership position in Kali Care, a Silicon Valley-based technology company, which provides digital monitoring systems for ophthalmic medications

Download the full press release.

April 27, 2017

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.32 per share. The payment date is May 24, 2017, to stockholders of record as of May 3, 2017.

As previously announced, Aptar will hold a conference call on Friday, April 28, 2017, at 8:00 a.m. Central Time to discuss the Company’s first quarter results for 2017. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

April 20, 2017

Interning at Aptar: A Video About Interns, Made by Interns

From marketing to welding to in-depth research projects, interns share with us the unique opportunities they experienced during and after their time with Aptar. Among these different experiences, there seems to be a common theme: Interns value Aptar because Aptar values interns.

Some former interns even found it hard to leave… watch the video below to find out more! If you would like more information about interning at Aptar’s facility in Cary, Illinois, please click here.

 

March 22, 2017

AptarGroup Reports Record Fourth Quarter and Annual Earnings

Crystal Lake, Illinois, February 9, 2017 — AptarGroup, Inc. (NYSE:ATR) today announced record fourth quarter and annual earnings for 2016.

Fourth Quarter Summary 

  • Reported sales declined 1%; sales growth in Pharma and Food + Beverage offset by decline in Beauty + Home and the impact of the stronger U.S. dollar
  • Segment income margins improved in Pharma and Beauty + Home
  • Reported earnings per share of $0.77 vs. $0.68 in the prior year (+ 13%)
  • Comparable adjusted earnings per share of $0.69 vs. $0.65 in the prior year (+ 6%)

Annual Summary

  • Reported sales increased 1%
  • Reported annual earnings per share of $3.17 vs. $3.09 in the prior year (+ 3%)
  • Comparable adjusted annual earnings per share of $3.13 vs. $2.97 in the prior year (+ 5%)
  • Reported annual net income (9% of net sales) increased to $206 million (+ 3%)
  • Adjusted annual EBITDA (20% of net sales) increased to $476 million (+ 5%)
  • Paid increased annual dividend for the 23rd consecutive year (current annualized dividend is $1.28 per share).

Download the full press release.

February 9, 2017

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.32 per share. The payment date is February 22, 2017, to stockholders of record as of February 1, 2017.

As previously announced, AptarGroup will hold a conference call on Friday, February 10, 2017, at 8:00 a.m. Central Time to discuss the Company’s fourth quarter and annual results for 2016. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the press release.

January 19, 2017

AptarGroup Announces Quarterly Conference Call and Annual Meeting...

QUARTERLY CONFERENCE CALLS

AptarGroup, Inc. (NYSE: ATR) announced the dates and times of quarterly conference calls for the year. Any updates to these dates or times will be communicated in subsequent press releases.

Press Release(1) Conference Call(2)
4th Quarter and Annual 2016 Results February 9, 2017 February 10, 2017 at 8:00am CT
1st Quarter 2017 Results April 27, 2017 April 28, 2017 at 8:00am CT
2nd Quarter 2017 Results July 27, 2017 July 28, 2017 at 8:00am CT
3rd Quarter 2017 Results October 26, 2017 October 27, 2017 at 8:00am CT

(1) Press releases will be issued on the dates noted after the close of trading on the New York Stock Exchange.

(2) Times shown are in the Central U.S. time zone. Conference calls will last approximately one hour and interested parties are invited to listen to a live webcast by visiting the Investor Relations page of the AptarGroup website at www.aptar.com. Replay of the conference call can also be accessed on the Investor Relations page of the website.

ANNUAL MEETING

The Board also announced that the 2017 Annual Meeting of Stockholders will be held at the offices of Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois, on May 3, 2017, at 9 a.m. CT.  The record date for stockholders entitled to vote at the meeting is March 10, 2017.

Download the full press release.

January 3, 2017

Aptar to Present at Bank of America Merrill Lynch 2016 Paper, Pac...

Aptar’s Executive Vice President and Chief Financial Officer, Bob Kuhn, will present at the Bank of America Merrill Lynch 2016 Paper, Packaging and Builders Conference in Boston, Mass., on December 14.

Other Aptar executives in attendance include Salim Haffar, President of Aptar Pharma, and Matt DellaMaria, Vice President of Investor Relations.

(Photo: Bob Kuhn, Executive Vice President and Chief Financial Officer)

December 6, 2016

AptarGroup Announces CEO Succession Plan

AptarGroup, Inc. (NYSE: ATR), a global leader in innovative dispensing and sealing solutions, today announced that Stephan B. Tanda has been appointed by the Board of Directors to succeed Stephen J. Hagge as President and CEO. Mr. Tanda will join Aptar on February 1, 2017 and become a member of its Board of Directors. Aptar previously announced Mr. Hagge’s decision to retire after 35 years of distinguished service to the Company. Mr. Hagge will remain employed with the Company until his retirement on March 31, 2017 and he intends to remain on its Board of Directors.

Board Chairman, King Harris, stated, “We are delighted that Stephan will join and lead our strong management team. He has had an impressive career at Royal DSM NV and has played a key role in expanding its nutrition cluster.”

Mr. Tanda currently serves as an Executive Managing Board Director at DSM and oversees its approximately $5.5 billion global Nutrition business as well as its Pharma joint ventures and business interests in the Americas. DSM is a leading global supplier of ingredients and material solutions for the food, dietary supplement, personal care, medical device, automotive, paint, electronic and bio-material markets. A native of Austria, Mr. Tanda has a degree in plastics engineering from the University of Leoben (Austria) and has a Master’s in Business Administration (MBA) from the Wharton School of the University of Pennsylvania (USA). Prior to joining DSM, he served for three years as President and CEO of Freudenberg Nonwovens Group after spending over twelve years with DuPont where he lived in multiple locations in Europe and the U.S. as he assumed increasing responsibilities that included operations, P&L management, strategic planning, business development and leadership of a joint venture.

Read the full press release.

November 22, 2016

Highlights from Aptar Food + Beverage’s Innovations Showcased a...

During the recent PACK EXPO International event in Chicago, Aptar Food + Beverage showcased a range of dispensing technologies and had over 400 visitors to our booth to see the latest solutions for the food and beverage markets.

The innovations presented at the show included dispensing pouch spouts and our Contender liner-less hot fill sport cap. Other solutions included our Royal bi-injected snap top, our BAP all-in-one foil to closure solution, and more. With a variety of custom and stock solutions to choose from, brands can address the needs of consumers of all ages with dispensing packaging that is functional, safe, convenient and engaging.

Aptar Food + Beverage also provided attendees with great insight into megatrends driving the food and beverage packaging industry through the Innovation Stage presentation entitled, “Aligning Consumer Trends with Packaging Innovation”. The session was presented by Virginia Murray, Director, Regional Market Development – North America, and focused on how brand owners can translate these trends into packaging features that meet the demands of modern consumers.

In case you missed us at PACK EXPO, we invite you to visit our website or send us an email to learn more about our innovative dispensing solutions.

innovation-stage_packexpo

Virginia Murray, Director, Regional Market Development – North America presents at the PACK EXPO Innovation stage.

November 16, 2016

Daisy Squeeze Sour Cream Wins Brand Packaging Design Gallery Awar...

Daisy Squeeze Sour Cream has taken home yet another packaging award! The Brand Packaging Design Gallery Award joins three other awards, giving Aptar a total of four packaging awards for the Daisy closure to date. This award was presented to the package which received the highest number of votes from the public, in each category, on the Brand Packaging website. The entry highlighted Aptar’s valve-in-closure solution stating:

“Perhaps the most prominent feature of the Daisy Squeeze pouch is the SimpliSqueeze® valve technology in the closure. This technology allows the consumer to dispense a controlled amount as a topping or into a measuring cup, with a clean cut off, meaning less mess for the consumer.”

Check out this great product, along with other Aptar Food + Beverage solutions, at Pack Expo from November 6 -9, booth N-6378.