aptargroup inc (ATR) Key Developments
AptarGroup, Inc. Announces Quarterly Cash Dividend Payable on February 18, 2015
Jan 15 15
AptarGroup, Inc. will pay a quarterly cash dividend on its common stock of $0.28 per share on February 18, 2015 to shareholders of record on January 28, 2015. The company has maintained its dividend rate from the previous quarter.
AptarGroup, Inc. Raises $250 Million in Private Placement of Senior Notes
Dec 18 14
AptarGroup, Inc. has raised $250 million through a private placement in two maturity tranches, with $125 million of 3.49% senior notes due in December of 2023 and $125 million of 3.61% senior notes due in December of 2025. The transaction is a part of AptarGroup's planned private placement of $475 million senior notes. The remaining private placement of $225 million is expected to occur in February of 2015 and will be comprised of $100 million of 3.49% senior notes due in February of 2024 and $125 million of 3.61% senior notes due in February of 2026. AptarGroup intends to use the net proceeds from the offering for the ASR program and to refinance its existing debt.
AptarGroup, Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014 10:15 AM
Nov 11 14
AptarGroup, Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014 10:15 AM. Venue: Four Seasons, Boston, Massachusetts, United States. Speakers: Matt DellaMaria, Vice President, Investor Relations, Robert W. Kuhn, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Secretary.
AptarGroup, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Capital Expenditure Guidance for the Full Year of 2014
Oct 30 14
AptarGroup, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $651,942,000 against $623,644,000 a year ago. Operating income was $78,615,000 against $73,314,000 a year ago. Income before income taxes was $74,116,000 against $68,326,000 a year ago. Net income attributable to the company was $48,595,000 or $0.73 per diluted share against $45,264,000 or $0.67 per diluted share a year ago. Cash flow from operations was $90 million compared to $85 million a year ago. Capital expenditures were approximately $38 million compared to approximately $39 million in the prior year. Earnings reflected strong performance by the company Food + Beverage and Pharma segments, a decline in segment income in Beauty + Home segment and a negative impact of some tax-related items that cover later.
For the nine months, the company reported net sales of $1,998,624,000 against $1,882,718,000 a year ago. Operating income was $241,962,000 against $218,770,000 a year ago. Income before income taxes was $227,502,000 against $203,998,000 a year ago. Net income attributable to the company was $150,060,000 or $2.21 per diluted share against $135,095,000 or $1.98 per diluted share a year ago. Cash flow from operations was $200 million compared to $194 million in the prior year, and capital expenditures were approximately $125 million compared to approximately $110 million in the prior year.
The company expects depreciation and amortization for 2014 to be in the area of $150 million and capital expenditures to be approximately $170 million.
For the fourth quarter of 2014, the company expects earnings per share, using a 33% effective tax rate, to be in the range of $0.58 to $0.63 per share compared to $0.54 per share reported in the prior year. Comparable earnings per share for the fourth quarter - prior year fourth quarter were $0.60 per share. The company expects adjusted earnings per share of $0.69 to the $0.60 number, which is comparable to 2014's fourth quarter.
AptarGroup, Inc. Declares Quarterly Dividend, Payable on November 26, 2014
Oct 23 14
The Board of Directors of AptarGroup, Inc. declared a quarterly cash dividend of $0.28 per share. The payment date is November 26, 2014, to stockholders of record as of November 5, 2014.