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TheStreet Open House

AptarGroup Reports Record Third Quarter Results; Expands Presence In India

Stocks in this article: ATR

AptarGroup, Inc. (NYSE:ATR) today reported record third quarter results and announced an acquisition and new facility in India.

Third Quarter 2011 Summary

  • Reported sales rose 16% to a third quarter record of $601 million
  • Sales before currency effects grew 10%
  • All three segments continued strong core sales growth
  • Beauty + Home and Food + Beverage segment income margins were pressured
  • Reported diluted earnings per share increased 6% to a third quarter record of $.72
  • Presence in India expanding with post-quarter acquisition and new Pharma facility construction

THIRD QUARTER RESULTS

Reported sales increased 16% to $601.2 million from $517.5 million a year ago. Changes in foreign currency exchange rates contributed 6%.

Third Quarter Segment Sales Analysis
(Change Over Prior Year)
        Total
Beauty + Home   Pharma   Food + Beverage   AptarGroup
Product Sales (including tooling) 6% 15% 21% 10%
Currency Effects 6%   10%   4%   6%
Total Reported Growth 12%   25%   25%   16%
 




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