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
COVID-19 Update
“As we continue to rigorously monitor the ongoing COVID-19 situation across the globe, our
priorities remain the health and safety of our employees and continued production for our customers,” said
Stephan Tanda, Aptar President and CEO. “Millions of people around the world rely on Aptar solutions to
dispense the medicines and products they need and we are delivering on our promises to our customers.”
During the pandemic, we have continuously adapted our safety and cleaning procedures and remote
working protocols in accordance with the legislation or regulations applicable to each of our facilities.
Third Quarter Results
For the quarter ended September 30, 2020, reported sales increased 8% to $759 million
compared to $701 million in the prior year. Core sales, excluding the impacts from changes in currency
exchange rates and acquisitions, increased approximately 2%.
Investor Relations Contact: Media Contact:
Matt DellaMaria Katie Reardon
matt.dellamaria@aptar.com katie.reardon@aptar.com
815-479-5530 815-479-5671
