CRYSTAL LAKE, Ill.–AptarGroup, Inc. (NYSE:ATR) today announced third quarter results.
Third Quarter 2018 Summary
- Reported sales increased 7%
- Core sales, excluding currency and acquisition effects, also rose 7%
- Reported earnings per share, including restructuring and acquisition costs, were $0.60
- Adjusted earnings per share, excluding restructuring and acquisition costs, increased 21% to $0.99, compared to prior year currency adjusted earnings per share of $0.82
- Reported net income, including restructuring and acquisition costs, decreased 27%
- Adjusted EBITDA, excluding restructuring and acquisition costs, increased 14%
- Beauty + Home and Food + Beverage segment margins were negatively impacted by rising raw material costs and the delay in passing through these increased costs
- Required change to highly inflationary accounting in Argentina also negatively impacted Beauty + Home margins
- CSP Technologies integration underway and proceeding well
- Business transformation progressing as planned
