Crystal Lake, Illinois, October 29, 2020 — AptarGroup, Inc. (NYSE:ATR) today reported third quarter results for 2020 and provided an update related to COVID-19 including the Company’s continued supply of essential products for critical industries.
Third Quarter 2020 Summary
- Reported sales increased 8%, including positive effects of currency translation rates and recent acquisitions, and core sales increased 2%
- Strong reported and core growth in our Pharma segment
- Core sales growth in the food, personal care and home care markets
- Sales to the beauty and beverage markets continue to be impacted by COVID-19 pandemic
- Recent acquisitions are performing well
- Reported earnings per share totaled $0.95 (an increase of 12% compared to the prior year)
- Adjusted earnings per share totaled $1.00 (an increase of 3% compared to the prior year)
- Reported net income totaled $64 million (an increase of 12% compared to the prior year)
- Adjusted EBITDA totaled $157 million (an increase of 7% compared to the prior year)
- Cash flow from operations was $381 million in the first nine months of 2020 (a slight increase over the prior year)
- Free cash flow was $208 million in the first nine months of 2020 (an increase of 8% compared to the prior year)
- Declared quarterly dividend of $0.36 per share
