AptarGroup Reports Second Quarter Results

Crystal Lake, Illinois, July 27, 2017 — AptarGroup, Inc. (NYSE:ATR) today announced its second quarter results.

Second Quarter 2017 Summary

  • Reported sales were in line with the prior year
  • Excluding the negative impact from changes in foreign currency exchange rates, core sales increased 1% as robust core sales growth in the Pharma and Food + Beverage segments offset a decline in Beauty + Home
  • Reported net income (11% of net sales) increased to $65 million (+10%) primarily due to a lower effective tax rate
  • EBITDA (20% of net sales) decreased to $124 million (-7%) primarily due to decreases in business in certain markets and higher raw material costs
  • Reported earnings per share were $1.01 compared to $0.91 reported in the prior year (+11%) and $0.90 in the prior year when adjusting for changes in currency exchange rates (+12%)
  • Current period earnings per share included certain tax benefits equivalent to $0.09 per share related to stock-based compensation and $0.05 per share primarily related to the Company’s planned cash repatriation activities

Download the full press release.