AptarGroup Reports Record Third Quarter Revenues and Earnings Per Share

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.