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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)