This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

AptarGroup Reports Record Revenue And Strong Earnings

AptarGroup reported earnings per share of $1.98 compared to $1.86 a year ago. Charges related to the Company’s European restructuring plan had a negative effect on earnings per share in 2013 of approximately $0.12. Year-to-date 2013 earnings per share, excluding the charges related to the restructuring plan, were $2.10. Prior year comparable earnings per share were $1.95 when the negative impact from costs and non-recurring purchase accounting effects relating to the Stelmi acquisition were excluded (approximately $0.09 per share).


In the third quarter, AptarGroup recognized approximately $2.7 million of expense related to the plan, of which $0.5 million were non-cash expenses. For the year-to-date, AptarGroup recognized approximately $10.3 million of expense related to the plan, of which $1.5 million were non-cash expenses. Using current exchange rates, AptarGroup expects to recognize approximately $3 million in additional costs in the fourth quarter of 2013. Savings from the plan are expected to be approximately $12 million on an annualized basis.


Commenting on AptarGroup’s outlook, Hagge said, “As we look toward the fourth quarter, we expect core sales of each segment to grow over the prior year; however, our earnings will be negatively impacted by the continuing soft conditions in the U.S. markets served by our Beauty + Home segment. There is also some pending French tax regulation that, if enacted before the end of the year, could result in a full-year retroactive tax adjustment that could negatively impact our fourth quarter results by as much as $0.09 per share. Our current guidance does not reflect this pending tax regulation and is based on an effective tax rate of approximately 30% which is comparable to last year’s fourth quarter effective rate.”

AptarGroup expects earnings per share for the fourth quarter, before costs associated with the European restructuring plan, to be in the range of $0.62 to $0.67 per share compared to $0.57 per share reported in the prior year before costs associated with the restructuring plan.

3 of 5

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs