All posts by Katie Reardon

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.

AptarGroup Reports Third Quarter Results

Crystal Lake, Illinois, October 27, 2016 — AptarGroup, Inc. (NYSE:ATR) today announced third quarter results.

Third Quarter 2016 Summary

  • Reported sales increased 1% to $590 million
  • Changes in foreign currency exchange rates had a negative impact of 1% on the sales growth
  • Recently acquired Mega Airless contributed approximately $18 million or 3% of the sales growth and approximately $0.02 per share to reported earnings per share
  • Reported earnings per share were $0.82 compared to $0.83 reported in the prior year
  • Reported earnings per share included a negative impact of approximately $0.01 (approximately $1.4 million pre-tax expense) related to the timing of costs in excess of insurance proceeds associated with a facility fire that occurred earlier in the year; previous third quarter earnings per share guidance excluded any potential impact related to the fire
  • Adjusting to a comparable foreign currency environment ($0.01), prior year adjusted earnings per share were $0.82, or even with current period earnings per share
  • Reported pre-tax earnings of $75 million were approximately 13% of net sales
  • EBITDA of $123 million was approximately 21% of net sales

Download the full press release.

October 27, 2016

AptarGroup Announces New $350 Million Share Repurchase Authorizat...

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today authorized the repurchase of up to $350 million of the Company’s common stock. This new authorization replaces all previous authorizations. AptarGroup may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. The Board also increased the quarterly cash dividend by 7% to $0.32 per share. The payment date is November 23, 2016, to stockholders of record as of November 2, 2016.

Steve Hagge, President and CEO commented, “The new $350 million repurchase authorization and increased quarterly cash dividend are reflective of our strong balance sheet and strong cash flow from operations which allow us to continue to invest in our business and return value to shareholders.”

As previously announced, AptarGroup will hold a conference call on Friday, October 28, 2016, at 8:00 a.m. Central Time to discuss the Company’s third quarter 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.

Read the full press release here.

October 20, 2016

Aptar Hosts Analyst Day in New York City

Aptar hosted its 9th annual Analyst Day in New York City on Thursday, September 8, 2016, providing Wall Street analysts and investors with a comprehensive look at Aptar’s new product offerings, financial results, megatrends impacting each of the segments, along with growth opportunities for the future. The event featured presentations from the senior executive team, interactive product displays and several videos that showcased our capabilities.

Our senior executives also participated in a question-and-answer session with the audience and highlighted technologies from all three of Aptar’s business segments – Beauty + Home, Food + Beverage and Pharma.

analyst-day-panel

“Aptar’s business model creates value through conversion to differentiated dispensing and sealing solutions,” explained Steve Hagge, Aptar President and CEO. “We have a diverse product portfolio that we will continue to expand, along with a stable financial condition. Aptar is well-positioned for long-term growth.”

The presentation materials from the event can be accessed on the Investor Relations page of our website. For more information, please send an email to newsroom@aptar.com.

September 26, 2016

VIDEO: Aptar’s Value-Added Business Model

For over fifty years, Aptar has led the global packaging industry with innovative dispensing and sealing solutions.

With 13,000 employees worldwide dedicated to adapting to and innovating around ever-changing market needs, our customer oriented approach has made us a global leader in the dispensing and packaging industry.

We are pleased to share a short animated video that explains how our business model creates value, along with our differentiated dispensing and sealing solutions.

For more information, please send an email to newsroom@aptar.com.

September 23, 2016

Aptar Provides Premium Flip Top Packaging for Nestle Professional...

Aptar Food + Beverage was selected by Nestle Professional to develop a new premium flip top closure for the redesign of its packaging for the NESCAFÉ® out of home portfolio. Nestle Professional’s new, premium metal tin features a slimmer, elongated square / round, or “sqround” shape, complete with a custom flip-top closure by Aptar Food + Beverage.

Additional benefits of the closure include an intuitive finger recess, an audible ‘click’ when closed to ensure proper closing to seal in the flavor. The closure also has a ‘peel-off function’ for easy removal after use which enables separation of materials for recycling. The lid of the closure provides added convenience as it will remain open during use for ease of access to the coffee granules.

Consumer feedback shows that the new NESCAFÉ® packaging is easier to lift and pour and is more hygienic as the closure stays on the container and does not touch the countertop. The new packaging has also optimized logistics and storage as the new shape allows for easier packaging and transporting and fits better on shelves, both in the store and at home.

Flip-top closures by Aptar Food + Beverage are also ideal for application fields such as infant formula, dry foods, snacks and cereals, vitamins and dietary supplements, as well as granulate and powder additives.

For more information, please contact marianne.baret@aptar.com.

nescafe

September 21, 2016

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

Crystal Lake, Illinois, August 25, 2016 —  AptarGroup, Inc. (NYSE: ATR) today announced that the Company will host an Analyst Day in New York City on Thursday, September 8, 2016, 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 of AptarGroup’s website at www.aptar.com. A replay of this event will be available on the website for 30 days.

As previously announced, AptarGroup plans to report its 2016 third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 27, 2016. AptarGroup will hold a conference call on Friday, October 28, 2016, 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 AptarGroup website. Replay of the conference call can also be accessed on the Investor Relations page of the website.

Download full press release.

August 25, 2016