Aptar Reports Third Quarter Results

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

Download the full press release.