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AptarGroup Management Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: ATR

Turning to our discussion of the results, I would like to point out that the information that we'll be discussing in the call today includes some forward-looking comments and that the actual results or outcomes could differ materially from those projected or contained in the forward-looking statements. To review important factors that could cause actual results to differ materially from those projected or contained in the forward-looking statements, please refer to AptarGroup's SEC filings. The information of this conference call is relevant on the day of this live call, although the company will post the replay of this conference call on its website as a service to those investors who were not able to listen today, the information contained in the replay will be dated and should be used for background information only. The company undertakes no obligation to update material changes in forward-looking information contained therein. Participating on this call today are Peter Pfeiffer, President and Chief Executive Officer of the AptarGroup; Steve Hagge, Executive Vice President and Chief Operating Officer; and Bob Kuhn, Executive Vice President and Chief Financial Officer. I would now like to turn the conference call over to Peter.

Peter H. Pfeiffer

Thank you, Ralph. Good morning, everyone. I will begin now the discussion with the review of our consolidated results for the third quarter, our expansion in India and our outlook for the fourth quarter. Afterwards, I will briefly comment on the results of our Beauty & Home segment. Steve will follow me with his comments on the Pharma and Food & Beverage segments, and then Bob will review our financials in more detail.

Looking to at our quarterly performance, we are pleased to report record third-quarter results. All 3 segments continued strong core sales growth. Currency translation effects also contributed to our sales growth. We also achieved record third-quarter earnings per share, primarily on the strength of our Pharma segment. As you saw in our press release, we are expanding our presence in India, which is an important and growing market for us. The acquisitions allows us to better serve our Personal Care and Food + Beverage, and Personal Care and Food + Beverage customers. And the clean-room facility will enable us to provide locally produced delivery devices to our pharmaceutical customers.

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