This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AptarGroup Reports Record First Quarter Revenue; Earnings Per Share Equal Prior Year’s Record First Quarter Level

AptarGroup, Inc. (NYSE:ATR) today reported record first quarter sales. Earnings per share equaled the prior year’s all-time high first quarter earnings per share.

First Quarter 2012 Summary

  • Reported sales grew 3% (6% excluding currency effects) to first quarter record of $592 million
  • Changes in currency exchange rates negatively affected results
  • Each segment’s sales increased over the prior year
  • Operating income rose to record first quarter level of $70.4 million
  • Earnings per share of $.64 were equal to the prior year’s record first quarter level

FIRST QUARTER RESULTS

For the quarter ended March 31, 2012, reported sales increased 3% to $592.5 million from $576.5 million a year ago. Changes in currency exchange rates had a negative effect of 3% on the sales growth.

First Quarter Segment Sales Analysis

(Change Over Prior Year)

 
 

Beauty +Home

  Pharma  

Food +Beverage

 

TotalAptarGroup

Product Sales (including tooling) 3 % 8 % 11 % 6 %
Currency Effects -3 % -2 % -1 % -3 %
Total Reported Growth 0 % 6 % 10 % 3 %
 

Commenting on the quarter, Stephen Hagge, President and CEO, said, “I am pleased to report we achieved record first quarter sales with core growth of 6%. Our Beauty + Home segment realized core sales growth of 3% on increased sales of our products to each of the markets we serve. Strong demand for our nasal dispensing devices drove our Pharma segment’s sales growth while increased demand for our value-adding dispensing closures from the beverage market was a key factor behind our Food + Beverage segment’s performance. We also had a very successful quarter in the emerging regions.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs