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AptarGroup, Inc. (NYSE:ATR) today reported record third quarter revenue and strong quarterly earnings per share.
Third Quarter 2013 Summary
Reported sales increased 6% from the prior year to a third quarter record of $624 million (core sales excluding currency effects increased 4%)
Sales growth was driven by increased sales of the Pharma and Beauty + Home segments
Food + Beverage sales were impacted by weak demand from the beverage market and decreased custom tooling sales
Earnings were negatively impacted by continued soft demand in various U.S. markets, increased resin costs, and foreign currency transaction effects primarily in Latin America
In spite of the challenging conditions, reported earnings per share rose 8% to $0.67 from $0.62 in the prior year
Earnings per share excluding charges related to the European restructuring plan reached $0.70
THIRD QUARTER RESULTS
For the quarter ended September 30, 2013, reported sales increased 6% to $624 million from $590 million a year ago. Changes in currency exchange rates accounted for 2% of the sales growth in the quarter.
Third Quarter Segment Sales Analysis(Change Over Prior Year)