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AptarGroup Reports Fourth Quarter And Annual Results; Updates Status Of European Operations Optimization Plan

AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results. The Company also updated the status of its previously announced plan to optimize certain European operations.

Fourth Quarter 2012 Summary

  • Reported sales increased 5% (core sales increased 2% excluding currency and acquisition effects)
  • Growth in the beauty, personal care, and beverage markets offset the anticipated softness in the generic allergy treatment market
  • Latin America and Asia sales growth remained strong
  • Reported earnings per share of $0.52 included the negative impact of $0.05 per share from charges related to the European Operations Optimization plan
  • Aptar Stelmi contributed $0.03 to earnings per share
  • Earnings were positively impacted by tax related items of $1.3 million, or approximately $0.02 per share
  • Quarterly dividend increased 14% to $0.25 per share

FOURTH QUARTER RESULTS

For the quarter ended December 31, 2012, reported sales increased 5% to $571 million from $545 million a year ago. Recently acquired Aptar Stelmi contributed approximately $31 million or 6% to the quarterly sales growth. Changes in currency exchange rates negatively impacted sales by approximately 3%.

 
Fourth Quarter Segment Sales Analysis

(Change Over Prior Year)

 
    Beauty +    

 

    Food +     Total
Home    

Pharma

    Beverage     AptarGroup
Core Sales 3 % -4 % 9 % 2 %
Currency Effects -3 % -2 % -1 % -3 %
Acquisitions       23 %           6 %
Total Reported Growth 0 %     17 %     8 %     5 %
 




Stock quotes in this article: ATR 

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