earnings
confidence high
sentiment positive
materiality 0.70
Aptar reports Q3 net income $100M (+19%), adjusted EPS $1.49 (+6%)
APTARGROUP, INC.
2024-Q3 EPS reported
$4.05
revenue$2,734,802,000
- Revenue $909M (+2% core sales); Pharma segment core sales +7%, Beauty -6%, Closures +4%.
- Adjusted EBITDA $208M (23% margin); reported EPS $1.48 vs $1.26 prior year.
- Q4 2024 adjusted EPS guidance $1.22-$1.30; full year adjusted EPS outlook $5.34-$5.42, double-digit YoY growth.
- Quarterly dividend $0.45/share, payable Nov 14 to holders of record Oct 24; Board authorized $500M share repurchase program.
- Pharma drug delivery systems grew double digits; Closures margins up ~200 bps YoY.