Press Releases

Aptar Reports Fourth Quarter and Annual Results

Aptar reported fourth quarter and annual results for 2017. The Company also announced details of its business transformation plan and affirmed its long-term financial targets.

13 Feb 2018

Crystal Lake, Illinois, February 12, 2018 — AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results for 2017. The Company also announced details of its business transformation plan and affirmed its long-term financial targets.

Fourth Quarter Summary

  • Reported sales increased 16% driven by robust core sales growth in each business segment (+ 10%) and the positive effect of currency rates (+ 6%)
  • Core sales increased in each end market and in each region
  • Reported net income (8% of net sales) was $50 million (equal to the prior year)
  • Adjusted EBITDA (19% of net sales) increased to $118 million (+ 9%)
  • Reported earnings per share of $0.77 (equal to the prior year) included negative impacts of recently enacted tax reform legislation
  • Comparable adjusted earnings per share of $0.81 vs. $0.77 in the prior year (+ 5%)
  • Business transformation plan to drive growth and yield annual recurring incremental EBITDA of approximately $80 million by the end of 2020 with implementation costs expected to be approximately $90 million

Annual Summary

  • Reported sales increased 6% to $2.5 billion primarily from core sales growth in each business segment (+ 4%), positive effect of currency rates (+ 1%) and the effects of an acquisition completed in early 2016 (+ 1%)
  • Reported annual net income (9% of net sales) increased to $220 million (+ 7%)
  • Adjusted annual EBITDA (19% of net sales) of $475 million (slight decrease)
  • Reported annual earnings per share of $3.41 vs. $3.17 in the prior year (+ 8%)
  • Comparable adjusted annual earnings per share of $3.44 vs. $3.26 in the prior year (+ 6%)
  • Paid increased annual dividend for the 24th consecutive year

Download the full press release.

Back To Top