earnings
confidence high
sentiment positive
materiality 0.80
Aptar Q1 EPS $1.23 ($1.26 adj) up 50% (31% adj); revenue $915M +6%
APTARGROUP, INC.
2024-Q1 EPS reported
$1.23
revenue$915,448,000
- Reported net income $83M (+52%); adjusted EBITDA $179M (+16%).
- Pharma core sales +13% driven by proprietary drug delivery systems; Beauty core -1%, Closures core +1%.
- Q2 2024 adjusted EPS guidance $1.30-$1.38; tax rate 22-24%.
- Quarterly dividend of $0.41/share payable May 16 to holders of record April 25; $12M in share repurchases.
- Lower tax rate of 20.6% vs 25.6% prior year contributed $0.07 EPS benefit.