AptarGroup Reports Third Quarter Results

Crystal Lake, Illinois, October 27, 2016 — AptarGroup, Inc. (NYSE:ATR) today announced third quarter results.

Third Quarter 2016 Summary

  • Reported sales increased 1% to $590 million
  • Changes in foreign currency exchange rates had a negative impact of 1% 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 were $0.82 compared to $0.83 reported in the prior year
  • Reported earnings per share included a negative impact of approximately $0.01 (approximately $1.4 million pre-tax expense) related to the timing of costs in excess of insurance proceeds associated with a facility fire that occurred earlier in the year; previous third quarter earnings per share guidance excluded any potential impact related to the fire
  • Adjusting to a comparable foreign currency environment ($0.01), prior year adjusted earnings per share were $0.82, or even with current period earnings per share
  • Reported pre-tax earnings of $75 million were approximately 13% of net sales
  • EBITDA of $123 million was approximately 21% of net sales

Download the full press release.