Crystal Lake, Illinois, February 20, 2019 -- AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results for 2018.
Fourth Quarter 2018 Summary
- Reported sales increased 9%
- Core sales, excluding currency and acquisition effects, grew 7%
- Reported earnings per share decreased 19% to $0.62 compared to prior year earnings per share of $0.77
- Adjusted earnings per share increased 19% to $0.92 compared to prior year adjusted earnings per share of $0.77 (including comparable exchange rates)
- Reported net income decreased 18%
- Adjusted EBITDA increased 20%
- Pharma segment earnings included a positive impact of approximately $6 million related to a gain on the sale of an equity investment
- Food + Beverage segment earnings included a negative impact of approximately $2 million related to the write-off of a prepaid license fee
Annual 2018 Summary
- Reported sales increased 12%
- Core sales, excluding currency and acquisition effects, grew 8%
- Reported earnings per share decreased 12% to $3.00 compared to prior year earnings per share of $3.41
- Adjusted earnings per share increased 13% to $4.00 compared to prior year adjusted earnings per share of $3.54 (including comparable exchange rates)
- Reported net income decreased 11% and reported net income margin (% of net sales) was 7% compared to 9% a year ago
- Adjusted EBITDA increased 16% and adjusted EBITDA margin was 20% compared to 19% a year ago
- Acquired strategic technologies (CSP Technologies and Reboul)
- 2018 was our 25th consecutive year of paying an increased dividend
