All posts by Katie Reardon

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. declared a quarterly cash dividend of $0.28 per share. The payment date is August 19, 2015, to stockholders of record as of July 29, 2015.

As previously announced, AptarGroup will hold a conference call on Wednesday, July 29, 2015, at 7:00 a.m. Central Time to discuss the Company’s second quarter results for 2015. 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 on the Investor Relations page of the website.

Read the full press release.

July 16, 2015

AptarGroup Announces Change to Date and Time for Second Quarter C...

AptarGroup, Inc. announced that it has changed the date and time for its second quarter 2015 earnings conference call to Wednesday, July 29, 2015 at 7:00 a.m. Central Time. The previously announced date and time of the call were changed in order to avoid conflicting with another company’s earnings conference call. Accordingly, the Company now expects to announce its second quarter results after trading on the New York Stock Exchange has closed on Tuesday, July 28, 2015.

Read the full press release.

July 9, 2015

AptarGroup Releases Corporate Sustainability Report

On May 21, AptarGroup released its 2014 Corporate Sustainability Report. The report highlights activities that took place across the company’s global portfolio throughout 2014 and is the first prepared by AptarGroup using the Global Reporting Initiative (GRI) G4 framework. This report includes information about global energy consumption for which AptarGroup has obtained external assurance regarding the reliability of the data.

AptarGroup strives for solutions respecting the environment and conserving natural resources. Featured in the report are examples of the work AptarGroup has done to reduce waste to landfill; test and evaluate new, more efficient equipment; and institute new processes and procedures to reduce energy and water use.

“We are committed to managing our business with respect for our employees, customers, communities and the environment,” said Steve Hagge, President and CEO, AptarGroup. “The 2014 Corporate Sustainability Report features many of our success stories and on-going sustainability efforts, along with our initiatives for the future.”

By conducting life cycle assessments and exploring alternate materials, AptarGroup makes every effort to better the impacts our products have on the world in which we live. In addition, AptarGroup continuously invests in research and development to provide new, innovative dispensing solutions that improve the lives of millions of consumers.

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

May 21, 2015

AptarGroup Posts Strong Earnings Per Share Growth on a Comparable...

Crystal Lake, Illinois, April 30, 2015 — AptarGroup, Inc. (NYSE:ATR) reported first quarter sales and earnings per share. Excluding currency effects, comparable earnings per share increased significantly over the prior year despite a slight decline in sales.

First Quarter 2015 Summary

  • Excluding currency translation effects, core sales declined 1%
  • Earnings per share reached $0.70, a 17% increase over the prior year currency-adjusted earnings per share of $0.60
  • Reported sales and earnings per share were negatively impacted by weak foreign currencies, primarily the Euro
  • Reported sales decreased 13% to $590 million and reported earnings per share decreased 1% to $0.70 per share from $0.71 per share reported in the prior year
  • Pharma segment delivered excellent results with core sales growth in each market
  • Each business segment achieved operating profit margins equal to or above the prior year’s levels

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

April 30, 2015

Aptar Aims to be Landfill Free

This article was last updated on December 9, 2015

Aptar’s internal Landfill Free program encourages the reduction, reuse and recycling of waste byproducts from our manufacturing processes. Site-level waste management processes are audited to internal standards by a third-party. Facilities that are able to show at least 90 percent reuse/recycling are recommended for internal certification. View the list of Aptar facilities that have achieved the internal Landfill Free certification here.

Our Landfill Free program has helped us achieve reductions in the amount of hazardous and non-hazardous wastes we send to landfills. Below is a photo showing how our sustainability teams in Italy commissioned Moreno Pola, Aptar employee and local artist, to create sculptures made of recyclable cardboard. The sculptures are prominently displayed in the on-site cafeterias, bringing awareness to the program and engaging employees.

Cardboard artwork

April 29, 2015

AptarGroup Declares Quarterly Dividend

Apr. 17, 2015

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) has declared a quarterly cash dividend of $0.28 per share. The payment date is May 20, 2015, to stockholders of record as of April 29, 2015.

As previously announced, AptarGroup will hold a conference call on Friday, May 1, 2015, at 8:00 a.m. Central Time to discuss the Company’s first quarter results for 2015. 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 on the Investor Relations page of the website.

April 17, 2015

Working at Aptar Video: Meet Brian, an Information Services Lead

One of the best parts about Aptar is our people.

Employees in Aptar’s Information Services (IS) department play a key role within Aptar. They are in charge of developing and implementing a strategic information technology plan to support business and finance data processing, computer services, collaboration services and network communications for our globally diverse company. The Information Services team relies on strategic and technology-savvy employees like Brian to ensure our global network is running smoothly and efficiently each and every day.  

Watch a short video interview below with Brian who talks about why he likes working in Aptar’s Information Services department. Visit our Careers website to learn about employment opportunities at Aptar.

March 30, 2015

Aptar Recognized as 2014 Supplier of the Year by Berlin Packaging

Photo (left to right) Andrew Berlin, CEO, Berlin Packaging; Mandie Malinosksy, Chris Hyland, Melissa Demeter, Mike Thaete, Katherine Trost from Aptar and Rich Chapman, Vice President, Supply Chain, Berlin Packaging.

Berlin Packaging, a leading supplier of rigid packaging products and services, recently recognized Aptar as 2014 Supplier of the Year.

Aptar achieved this recognition based on an oustanding partnership, excellent quality and delivery performance, improved service scores and excellent project management and technical capabilities during a complex product launch.

Aptar is proud to partner with Berlin Packaging to bring new and innovative dispensing solutions to the market.

February 24, 2015

Aptar’s Italy Divisions Recognized as “Best Workplaces Italia...

On February 17, Aptar’s divisions in Chieti and Pescara, Italy were recognized as “Best Workplaces Italia 2015” by the Great Place to Work® Italia Institute. Representatives from Aptar’s divisions in Italy attended an unveiling ceremony where they learned that Aptar Italia ranked 20th among all national companies and sixth place among manufacturing companies.

“The Best Workplaces achievement is an outstanding reflection of our positive work environment,” said Aptar’s sponsor, Bruno Leombruni, Vice President of Operations, Aptar Beauty + Home in Europe. “We accomplished this thanks to our people’s commitment and our management’s day-to-day engagement in building a solid and respectful working culture”.

To achieve this recognition, Aptar’s Human Resources Department organized a Trust Index Survey and Culture Audit Assessment last year for employees at Aptar Chieti and Aptar Pescara which assessed the five dimensions of the internal environment and culture: equity, credibility, respect, camaraderie and pride. Aptar had excellent participation with the audit and the results showed a very high commitment and sense of belonging from our people and we believe this is one of our main keys to success today and for our future.

“We are excited to share this news with our employees and thank them for making this possible,” said Chiara Ferri, Regional Human Resources Director. “This is an expression of who we are and we are proud to be identified among the best national workplaces.”

February 23, 2015

AptarGroup Reports Record Fourth Quarter and Annual Earnings Per ...

Crystal Lake, Illinois, February 5, 2015 — AptarGroup, Inc. (NYSE:ATR) has reported record fourth quarter and annual earnings per share.    

Fourth Quarter 2014 Summary

  • Reported earnings per share increased 17% to a record $0.63 per share compared to $0.54 per share in the prior year
  • Comparable earnings per share for the prior year, neutralizing exceptional items and currency effects, were $0.59
  • Reported sales declined 6% on foreign currency exchange rate headwinds and soft demand in certain markets
  • Sales excluding currency effects rose 1% over the prior year
  • Pharma segment delivered excellent results
  • Beauty + Home segment sales were impacted by soft demand in several markets
  • Food + Beverage segment sales decreased primarily due to inventory destocking by certain customers
  • Executed Accelerated Share Repurchase program

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

February 5, 2015

Meet Hélène, an Innovation Engineer at Aptar

Aptar’s Beauty + Home division provides customers with a creative range of products and services for the beauty, personal care and home care markets. We rely on talented Innovation Engineers like Hélène to anticipate customer and consumer needs and expectations and rapidly turn them into innovative delivery systems. Hélène specializes in raw materials and began her career with Aptar 14 years ago in the laboratory and is now part of our Beauty + Home innovation team.

Hélène, what’s the most exciting product or project you’ve worked on at Aptar?

The interesting part of my job is that I have the opportunity to work on various projects, but the most exciting one was where I had to find the right material to use for a bulb atomizer for perfume bottles, which uses new materials to make the bulb feel soft when touched by consumers. The material was not easy to discover and the validation was hard but proved to be a real success.

How does Aptar encourage and support innovation?

Aptar adapts its packaging through formula evolutions to meet our customers’ requests. To do this, we have to search, imagine and discover new technologies to decorate the package and to protect the product inside. We also need to seek out new material in order to give our packaging certain properties. I am fortunate to have the opportunity to study new materials and to discover new suppliers who can support our innovation efforts.

What do you like best about your job?

There are many things I like about my job. First, I’m able to meet new people inside and outside of Aptar. Inside Aptar, I work with different teams at our Beauty + Home facility in Le Neubourg, France, and also with different Aptar plants around the world. Outside of Aptar, I work with several raw material producers and distributors in order to gain an understanding of their material range in order to provide the best solution to our expert center team.

How would you explain Aptar’s culture?

We want to provide the best solutions for our customers in terms of delivery, quality and product safety. To be able to give the best, Aptar leverages the strengths and diversity of its employees.

Visit our Careers website to learn about employment opportunities at Aptar.

February 4, 2015

Aptar’s Connecticut Campuses Win 2014 GreenCircle Awards

Photo: GreenCircle sustainability awards are prominently displayed at Aptar Stratford.

Aptar is proud to recognize its regional campuses in Connecticut: Aptar Stratford, Aptar Torrington and Philson, Inc. in Watertown, as recipients of the 2014 GreenCircle Award. This is the twelfth consecutive year that our facilities in Watertown and Stratford have been recognized with GreenCircle awards for going above and beyond in their efforts to protect the environment and its natural resources. It also marks over a decade’s worth of GreenCircle awards for our Torrington location.

Each year, the Connecticut Department of Energy and Environmental Protection (DEEP) recognizes Connecticut businesses and individuals who have gone above and beyond in their efforts to protect the environment and its natural resources.

Aptar Stratford was recognized for building a new warehouse that incorporates energy efficiency as a key component in the planning process. The warehouse features high-efficiency lighting and heating units, occupancy sensors, LED outdoor lighting and a furnace that reduces natural gas consumption. The project is reducing Stratford’s annual energy costs by over $25,000.

Aptar’s Torrington facility received the award after implementing all-electric injection molding machines that eliminate the need for hydraulic oil, which reduced power needs by one-third and eliminated the need for cooling water. The new machines allowed Torrington to eliminate a cooling tower, which helped save over 100,000 kWH of electricity as well as large volumes of water. A recommissioned heating and air conditioning system also helped save energy.

Based on a company-wide carbon footprint study, Aptar Philson has implemented a variety of energy and waste reduction projects.  This has resulted in over a 50% reduction in Philson’s carbon emissions over the past six years.  Key to this achievement is the conversion of the company’s steam boiler from fuel oil to natural gas.

GreenCircle award recipients are leaders within the community, providing an intensified focus on reducing energy and water consumption, increasing recycling, promoting conservation efforts and providing educational programs for employees.

January 12, 2015

AptarGroup Announces 2015 Quarterly Conference Call and Annual Me...

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 2014 Results February 5, 2015 February 6, 2015 at 8:00am CT
1st Quarter 2015 Results April 30, 2015 May 1, 2015 at 8:00am CT
2nd Quarter 2015 Results July 28, 2015 July 29, 2015 at 7:00am CT
3rd Quarter 2015 Results October 29, 2015 October 30, 2015 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 2015 Annual Meeting of Stockholders will be held at the offices of Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois, on May 6, 2015, at 9:00 a.m. CT.  The record date for stockholders entitled to vote at the meeting is March 12, 2015.

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

January 9, 2015

AptarGroup Announces $250 Million Accelerated Share Repurchase

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Dec. 17, 2014–AptarGroup, Inc. (NYSE: ATR) announced that it has entered into an agreement to repurchase approximately $250 million of its common stock under an accelerated share repurchase program (the “ASR program”). The ASR program is part of AptarGroup’s $350 million share repurchase authorization announced on October 30, 2014. AptarGroup will pay $250 million to Wells Fargo Bank N.A. in exchange for approximately 3.1 million shares, currently estimated to represent approximately 80% of the total number of shares expected to be purchased in the ASR program based on current market prices. The ultimate number of shares to be repurchased under the ASR program will be based on the volume-weighted average price of AptarGroup’s common stock during the term of the ASR program, less a discount.

AptarGroup completed a note purchase agreement for the private placement of $475 million in Senior Notes to institutional investors and expects to use proceeds from this private placement for the ASR program and to refinance existing debt.

“Share repurchases are an important element of our capital allocation strategy,” said Stephen Hagge, President and Chief Executive Officer. “Our strong financial condition allows us to take advantage of the current favorable interest rate environment, better optimize our capital structure, and return value to shareholders with this $250 million accelerated repurchase.”

The private placement of $475 million in Senior Notes is expected to be funded on two dates. An initial funding of $250 million was completed yesterday and includes two maturity tranches, with $125 million of 3.49% Senior Notes due in December of 2023 and $125 million of 3.61% Senior Notes due in December of 2025. A second funding of $225 million is expected to occur in February of 2015 and will be comprised of $100 million of 3.49% Senior Notes due in February of 2024 and $125 million of 3.61% Senior Notes due in February of 2026.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The securities have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

December 18, 2014

Aptar’s New Hot Fill Solution in a Two Inch Snap Top

Aptar Food + Beverage expands our offerings in the inverted product line in North America with a new solution for hot fill applications. The two inch Classic closure now has the option to add drainholes in the finger recess and by the hinge to allow air to pass through and reduce moisture inside of the closure during the filling process.

Bottle Rendering Grouping - red

Jams, jellies and syrups are the perfect application for this new configuration.  The drainholes are available in the two inch Classic Snap Top 38-400 with RediSpread™ orifice, and the .375 inch and .615 inch standard orifices are available at a minimum annual volume requirement.

Aptar Food + Beverage offers a wide selection of dispensing solutions.  For more information, visit www.aptar.com.

December 2, 2014

Bob Kuhn, Finalist for Chicago CFO of the Year®

Bob Kuhn Selected as Finalist for Chicago CFO of the Year®

Aptar proudly congratulates Bob Kuhn, Executive Vice President and CFO, on being selected as a finalist for the 2014 Chicago CFO of the Year® award.

FEI Chicago Chapter’s Chicago CFO of the Year® Awards honor senior financial leaders who have made contributions to a business or non-profit in Chicago with quality, insight and direction. During FEI’s networking and awards gala on November 20, awards were presented in five categories: large public, mid-size public, large private, mid-size private, and not-for-profit. Bob was selected as a finalist in the large public company category and we congratulate him on this outstanding achievement.

Learn more about the Chicago CFO of the Year® Awards.

Updated on November 26, 2014

November 13, 2014

Meet Iris, an Assembly Team Specialist at Aptar

Iris K. is an Assembly Team Specialist and Employee Representative at Aptar

Providing open communication channels and encouraging employees to share ideas is central to solving problems and maintaining a smooth production process here at Aptar. We rely on employee representatives like Iris to help facilitate discussions and encourage innovation, especially on the assembly floor. With over 29 years of experience working for Aptar in Radolfzell, Germany, Iris is a critical member of our global assembly team.

What are your job responsibilities?

I handle a number of responsibilities, including assigning workers to equipment and machinery stations, monitoring orders, and using our relational database system to provide feedback of production and material data.

What do you like best about your job?

The people! The daily interaction with employees in the assembly process, from the mechanics, to the Quality Authority members, and all other departments, is what I like most and what makes me happy at my job. We all spend a lot of time at work, so doing something you love is important. I am fortunate enough to have this opportunity at Aptar. There is so much flexibility here, whether in designing my daily job responsibilities or by learning new things. Going to work with a smile is the most important thing and most of the time I succeed.

What’s the most exciting product or project you’ve worked on?

The new bag-on-valve technology department at Radolfzell has been incredibly rewarding. Bag-on-valve systems hold the product separate from the propellant, insuring product purity. This fast-filling design uses compressed air or nitrogen outside the bag for eco-friendly dispensing. The process of navigating through setbacks and successes, daily ups and downs, and the continual learning of new concepts has demanded considerable strength and effort. Everyone is on board with propelling this project to success, and this effort is what brings new perspectives to Aptar every day.

How does Aptar encourage and support innovation?

Above all, Aptar seeks and promotes innovation by developing individual initiative.

Instead of requiring us to stick with the old methods, we are encouraged to try something different, even though it may mean making a mistake. In Radolfzell, with all the new production processes, this approach is more important than ever.

Visit our Careers website to learn about employment opportunities at Aptar.

 

November 7, 2014

AptarGroup Reports Record Third Quarter Revenues and Earnings Per...

AptarGroup Reports Record Third Quarter Revenues and Earnings Per Share, Announces New $350 Million Share Repurchase Authorization

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Oct. 30, 2014–AptarGroup, Inc. (NYSE:ATR) today reported record third quarter revenues and earnings per share. AptarGroup also announced that its Board of Directors authorized the repurchase of up to $350 million of the Company’s common stock. This new authorization replaces all previous authorizations.

Third Quarter 2014 Summary

  • Reported sales increased 5% to $652 million (core sales excluding currency effects increased 6%)
  • Sales increased in each business segment and each geographic region
  • Food + Beverage sales surged 25% over the prior year supported by strong growth in Asia and Latin America and increased custom tooling sales
  • Reported earnings per share rose 9% to $0.73 compared to $0.67 in the prior year
  • Compared to previously disclosed earnings per share guidance, earnings per share were negatively impacted by changes in currency exchange rates by approximately $0.02 per share
  • Current year earnings per share included a negative impact of $0.01 per share related to tax provision items and prior year earnings per share included a negative impact of $0.03 per share related to restructuring initiatives
  • Comparable year on year adjusted earnings per share rose 6% to $0.74 compared to $0.70 in the prior year

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

October 30, 2014

AptarGroup Declares Quarterly Dividend

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Oct. 23, 2014– The Board of Directors of AptarGroup, Inc. (NYSE: ATR) has declared a quarterly cash dividend of $0.28 per share. The payment date is November 26, 2014, to stockholders of record as of November 5, 2014. Download the full press release.

Upcoming Conference Call

As previously announced, AptarGroup will host a conference call on Friday, October 31, 2014 at 8:00 a.m. Central Time to discuss third quarter results for 2014. The Company plans to announce its third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 30, 2014. 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 on the Investor Relations page of the website.

October 30, 2014

Aptar Shows Off McHenry Facility to Students for National Manufac...

Story: Brett Rowlandbrowland@shawmedia.com

Photo: H. Rick Bamman – hbamman@shawmedia.com

AptarGroup opened its doors to students for National Manufacturing Day on October 3. Prairie Ridge High School students put on white coats, hair nets and safety goggles to see how AptarGroup’s 50,000-square-foot McHenry, Illinois facility makes 900 million products a year – including the valves and over caps that go on a variety of beauty and home products such as spray-on sunscreen.

John Washabaugh, director of manufacturing at the McHenry plant, walked students through the manufacturing process and touched on everything from quality control and safety to production costs and sustainability.

“I hope they see the stigmas about manufacturing aren’t true,” Washabaugh said after showing students a one-of-a-kind manufacturing machine.

For many students, the tour did just that.

“When you think of a factory, you think it will be dirty and scary,” said Jessica Caravello, a 17-year-old Prairie Ridge student who toured the plant with students from an engineering class. “But this was modern and clean and full of machines and technology.”

Read the full article at nwherald.com.

Photo: Prairie Ridge High School students (from left) Carson Getzelman, Cole Luehr and Zach Blakewell tour the Aptar facility in McHenry during Manufacturing Day. The annual event is designed to expose students to broad spectrum of careers in manufacturing and change perceptions about what it’s like to work in the manufacturing industry.

October 14, 2014