AptarGroup Reports All-Time High Quarterly Results; Raises Dividend 22% And Increases Shares Authorized For Repurchase; CEO Peter Pfeiffer To Retire At End Of Year
AptarGroup, Inc. (NYSE:ATR) today reported record quarterly results. The Board of Directors also increased the quarterly dividend and authorized the repurchase of an additional 4 million shares of common stock. Also, President and CEO, Peter Pfeiffer, announced his plans to retire at the end of the year.
Second Quarter 2011 Summary
- Reported diluted earnings per share increased 10% to all-time high $.74
- Reported sales rose 18% to record $615 million
- Sales before currency effects grew 8%
- Facility acquired in North Carolina to support Food + Beverage segment growth
- Board raised dividend 22% and authorized additional shares for repurchase
SECOND QUARTER RESULTS
Reported sales increased 18% to a record $614.9 million from $522.9 million a year ago. Changes in foreign currency exchange rates contributed 10%.
| Second Quarter Segment Sales Analysis (Growth Over Prior Year) | ||||||||
| Beauty + | Food + | Total | ||||||
| Home | Pharma | Beverage | AptarGroup | |||||
| Product Sales (including tooling) | 8% | 5% | 14% | 8% | ||||
| Currency Effects | 9% | 13% | 6% | 10% | ||||
| Total Reported Growth | 17% | 18% | 20% | 18% | ||||
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