AptarGroup Reports Record Quarterly Net Income and Earnings Per Share; Expanding Congers, New York Facility

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

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