Aptar Reports Fourth Quarter and Annual Results

Crystal Lake, Illinois, February 20, 2019 — AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results for 2018.

Fourth Quarter 2018 Summary

  • Reported sales increased 9%
  • Core sales, excluding currency and acquisition effects, grew 7%
  • Reported earnings per share decreased 19% to $0.62 compared to prior year earnings per share of $0.77
  • Adjusted earnings per share increased 19% to $0.92 compared to prior year adjusted earnings per share of $0.77 (including comparable exchange rates)
  • Reported net income decreased 18%
  • Adjusted EBITDA increased 20%
  • Pharma segment earnings included a positive impact of approximately $6 million related to a gain on the sale of an equity investment
  • Food + Beverage segment earnings included a negative impact of approximately $2 million related to the write-off of a prepaid license fee

Annual 2018 Summary

  • Reported sales increased 12%
  • Core sales, excluding currency and acquisition effects, grew 8%
  • Reported earnings per share decreased 12% to $3.00 compared to prior year earnings per share of $3.41
  • Adjusted earnings per share increased 13% to $4.00 compared to prior year adjusted earnings per share of $3.54 (including comparable exchange rates)
  • Reported net income decreased 11% and reported net income margin (% of net sales) was 7% compared to 9% a year ago
  • Adjusted EBITDA increased 16% and adjusted EBITDA margin was 20% compared to 19% a year ago
  • Acquired strategic technologies (CSP Technologies and Reboul)
  • 2018 was our 25th consecutive year of paying an increased dividend

Download the full press release.