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TheStreet Open House

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

Stock quotes in this article: ATR

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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