AptarGroup Reports Record Revenue And Strong Earnings

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)
 
 

Beauty +Home
  Pharma  

Food +Beverage
 

TotalAptarGroup
Product Sales (including tooling) 4%   7%   -1%   4%
Currency Effects 1%   3%   1%   2%
Total Reported Growth 5%   10%   0%   6%
 

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