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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
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%.