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 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

AptarGroup Reports Record Quarterly Net Income and Earnings Per S...

Crystal Lake, Illinois, July 28, 2016 — AptarGroup, Inc. (NYSE:ATR) today announced record quarterly net income and earnings per share. The Company also announced that it is expanding its Congers, New York facility to include elastomer component capacity for the U.S. injectables market.

Second Quarter 2016 Summary

  • Reported sales increased 4% to $620 million
  • Changes in foreign currency exchange rates had a negative impact of 2% 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 rose to a quarterly record of $0.91 compared to $0.90 reported in the prior year
  • Excluding the effects of a change to the FIFO inventory valuation method ($0.08 per share), and adjusting to a comparable foreign currency environment ($0.01), prior year adjusted earnings per share were $0.81
  • Operating margins were strong across each business segment
  • Reported pre-tax earnings of $84 million were approximately 14% of net sales
  • EBITDA of $133 million was approximately 22% of net sales

Download the full press release.

July 28, 2016

AptarGroup Declares Quarterly Dividend; CEO Stephen Hagge to Reti...

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.30 per share. The payment date is August 17, 2016, to stockholders of record as of July 27, 2016.

Also, after 35 years of service with AptarGroup, President and CEO, Stephen Hagge has informed the Board of Directors that he plans to retire at the end of the year. Mr. Hagge intends to continue to serve as a director of AptarGroup. The Board is conducting a formal evaluation of internal and external candidates before naming a successor.

Hagge commented, “It’s not an easy decision to retire from such a great company like Aptar. I’ll be 65 at the end of the year, I have good health, and I’m happy to be moving on to the next phase of my life where I can spend more time with my family. It’s been a tremendously exciting and rewarding career and I am very fortunate to have been a part of the stellar long-term performance of this organization. We have a very talented and experienced management team and an exceptionally dedicated global workforce. I expect a smooth transition once a successor has been named by the Board. I have no doubt that Aptar will continue to lead the industry in dispensing and sealing solutions for many years to come. I plan to continue to serve on our Board and I look forward to contributing to our future success.”

Board Chairman, King Harris, said, “Steve has been an integral part of our senior leadership team for over three decades. Under his guidance as CEO, Aptar completed two of the largest acquisitions in our history and the Company achieved record annual sales and earnings per share. We are grateful for his leadership and dedication over the many years which helped make Aptar the leader in our industry.”

Harris concluded, “The Board is very confident that our experienced senior management team will ensure a smooth and successful transition for the new CEO. We are conducting a thorough evaluation of internal and external candidates and expect to announce a successor soon.”

As previously announced, AptarGroup will hold a conference call on Friday, July 29, 2016, at 8:00 a.m. Central Time to discuss the Company’s second 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.

Download the press release.

July 13, 2016

IoPP Honors Aptar with 2016 AmeriStar Packaging Award

Aptar Wins Second Industry Award for Daisy Brand Squeeze-Flexible Sour Cream Pouch Closure

Less than two weeks after Aptar Food + Beverage took home an award for its innovative flip-top closure for Daisy Brand Squeeze-Flexible Sour Cream pouch, it can now add a second award to the trophy case.

The Institute of Packaging Professionals (IoPP) awarded its AmeriStar refrigerated food award to Aptar late last month.

“We are excited to receive a second award for this innovation. The AmeriStar award showcases our company’s dedication to providing value-added convenience to the consumer packaged goods community,” said Alan Sica, President, Aptar Global Market Development – Food.

“Due to our pioneering spirit, we are always looking to bring our new, customizable, premium closure technology – like the Daisy Squeeze Sour Cream pouch, with Aptar’s SimpliSqueeze® valve – to additional markets.”

The AmeriStar awards’ criteria are based on sustainability, product protection, economics, package performance, marketing and packaging innovation.

“The flip top closure (on the Daisy Brand sour cream pouch) features a valve that prevents messy drips and spills, enabling consumers to confidently dispense sour cream,” said Jim George, IoPP’s Director of Education. “And, this package had kitchen cleanup in mind as well. The dispensing spout and valve means there is no longer a need for the additional step of dirtying utensils.”

Daisy Brand looked to Aptar for a customizable closure based on consumer packaged goods’ (CPG) consumer research, calling for a change in package design, functionality and shelf differentiation. Film laminate provider (Sonoco) and design and development partner (Continuum) contributed to this packaging innovation.

Aptar’s custom-made, ring-pull fitment and SimpliSqueeze valve were created to meet Daisy Brand’s stringent product freshness and dispensing requirements.

Aptar’s self-sealing membrane valve closure allows consumers to dispense desired product amounts, preventing drips and spills, and providing consumer convenience, cleanliness and control. KraftHeinz and Hidden Valley were some of Aptar’s first entries into the inverted rigid packaging markets.

Second Aptar Valve Technology Award

Last month Aptar took home a DuPont Diamond Finalist Award for the Daisy Brand Squeeze-Flexible sour cream pouch and flip-top closure at the 2016 DuPont Awards for Packaging Innovation. One of six finalists for the premier DuPont Packaging Diamond award, Aptar’s closure was recognized as providing a technological advancement, responsible packaging and an enhanced user experience.

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

Aptar Takes Home DuPont Packaging Innovation Award

Diamond Finalist Award for Daisy Squeeze-Flexible Pouch with Flip-Top Closure

Aptar Food + Beverage is excited to announce its DuPont Diamond Finalist Award for packaging innovation for the new Daisy Brand Squeeze-Flexible Sour Cream Pouch featuring Aptar’s flip-top closure.

The Diamond Finalist Award affirms Aptar’s ability to enhance groundbreaking packaging innovations with its flip-top closures featuring a SimpliSqueeze® valve for inverted packaging. This technology allows for superb functionality for product dispensability with standup pouches in flexible packaging.

“Aptar is the industry leader when it comes to dispensing requirements in the food and beverage industry, and the preferred dispensing solutions provider for inverted, rigid and flexible packaging formats,” said Alan Sica, President, Aptar Global Market Development – Food. “Receiving this award from DuPont further confirms our position in providing innovative, functional solutions to the growing flexible packaging market.”

Aptar was one of six finalists for the premier DuPont Packaging Diamond award. The DuPont Awards for Packaging Innovation winners were announced at a ceremony held in Wilmington, Del., on May 19. The Diamond Finalist Awards showcase products that excel in all three Diamond Award criteria: technological advancement, responsible packaging and enhanced user experience.

This year marks the 28th year of the DuPont Awards for Packaging Innovation. This year’s program, honoring packaging innovations across the supply chain, received 174 global entries with 22 award winners from nine countries.

Daisy Brand’s inverted, wedge-shaped pouch with flip-top dispensing closure, featuring Aptar’s SimpliSqueeze Elastomeric Flow Control valve technology, provides added consumer benefits while maintaining product quality within. Film laminate provider (Sonoco) and design and development partner (Continuum) contributed to this packaging innovation.

“Judges for the competition were especially impressed with the overall standard design and shelf appeal created by the pouch shape and dispenser cap,” said certified packaging professional David Luttenberger, lead competition judge and global packaging director with world market research leader Mintel Group, Ltd., USA.

Daisy Brand’s consumer research revealed a desire for a change in package design to enhance product functionality and differentiate at shelf. They looked to Aptar and partners for a solution.

A custom-made ring-pull fitment and SimpliSqueeze Elastomeric Flow Control valve were created to ensure product freshness and meet Daisy’s product dispensing requirements. This same valve technology and fitment customization can also be applied to other consumer packaged goods such as ketchup, mayonnaise, salad dressing, spreads and toppings.

Daisy flip-top

The integrated flexible valve closure system allows consumers to dispense a controlled and desired amount of product through Aptar’s SimpliSqueeze valve’s self-sealing membrane, preventing drips and spills. This translates to convenience, cleanliness and control for the consumer.

“Aptar is a pioneer in rigid, and now flexible, packaging closures,” said Sica. “We started the inverted rigid packaging format with such companies as KraftHeinz and Hidden Valley. We continue to expand our portfolio by bringing new, flexible, premium packaging closure technology to the beverage, food, beauty and home consumer packaged goods market.”

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

June 3, 2016

AptarGroup Releases 2015 Corporate Sustainability Report

Crystal Lake, Illinois, May 13, 2016 – AptarGroup, Inc. (NYSE: ATR), a global dispensing solutions provider, today released its 2015 Corporate Sustainability Report. The report highlights sustainability activities that took place across the company’s global network in 2015. This is AptarGroup’s second report prepared using the Global Reporting Initiative (GRI) framework and contains standard disclosures from the GRI G4 (Core) Sustainability Reporting Guidelines. AptarGroup obtained limited external assurance for absolute energy metrics, carbon emissions and renewable energy purchases.

AptarGroup’s 2015 Corporate Sustainability Report highlights the Company’s ongoing commitment to people and the planet through its many global sustainability initiatives and responsibly made products. In 2015, AptarGroup also developed a process to better measure and promote sustainability performance in the areas most important to its employees, customers, shareholders and the community. AptarGroup uses a comprehensive scorecard that is championed by an employee representative and supported by its executive leaders. The new scorecard is highlighted throughout the report.

“We are extremely proud of the momentum that our entire organization has made on the sustainability front and are excited about the goals we have set for the future. Our new sustainability scorecard, which allows us to report more robust key performance indicators, will help us achieve that progress,” said Stephen Hagge, Aptar President and CEO. “We look forward to further demonstrating our environmental and socially responsible leadership in the global dispensing solutions industry.”

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

Click here to download the full press release.

May 13, 2016

AptarGroup Grows Revenue and Earnings Per Share on a Comparable B...

Crystal Lake, Illinois, April 28, 2016 — AptarGroup, Inc. (NYSE:ATR) today announced first quarter core sales and earnings per share growth on a comparable basis.

Summary

  • Core sales(1), which exclude currency translation effects and the impact of the recent Mega Airless acquisition, rose 2% despite a negative impact of 2% from decreased custom tooling sales and the passing through of lower resin costs
  • Reported sales declined 1% primarily due to negative currency translation effects of 4%
  • Comparable adjusted earnings per share(1) rose 3% over the prior year and were in-line with previous guidance
  • 2016 comparable adjusted earnings per share, which excluded the effects of the Mega Airless acquisition and certain non-recurring tax benefits, were $0.71 compared to currency-adjusted earnings per share of $0.69 in the prior year
  • Reported earnings per share were $0.67 compared to $0.70 in the prior year
  • Strong operating margins across each business segment drove adjusted EBITDA(1) margin to 19%, an improvement from 18% in the prior year
  • Acquisition of Mega Airless, which broadens Aptar’s airless portfolio, closed on February 29, 2016

(1) See “Presentation of Non-GAAP Information” and accompanying tables for further information.

Click here to read the full press release.

April 28, 2016

VIDEO: Ophthalmic Squeeze Dispenser Supports Patient Adherence

Patients and consumers appreciate how convenient and easy it is to use Aptar Pharma’s Ophthalmic Squeeze Dispenser (OSD).  The intuitive handling supports patient adherence and in the few years since its introduction, some 70 commercial references have become available on markets worldwide utilizing this patient-friendly technology.

The following video shows the advantages of Aptar Pharma’s Ophthalmic Squeeze Dispenser over the traditional packaging for unpreserved ophthalmic formulations.

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

April 26, 2016

AptarGroup Declares Quarterly Dividend

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.30 per share. The payment date is May 18, 2016, to stockholders of record as of April 27, 2016.

As previously announced, AptarGroup will hold a conference call on Friday, April 29, 2016, at 8:00 a.m. Central Time to discuss the Company’s first 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.

Click here for the full press release.

 

April 15, 2016