Financial Performance - Net sales for the year ended December 31, 2023, were $3,487.45 million, an increase of 4.97% from $3,322.25 million in 2022 [217]. - Operating income rose to $404.02 million in 2023, up from $379.27 million in 2022, reflecting a growth of 6.52% [217]. - Net income attributable to AptarGroup, Inc. increased to $284.49 million in 2023, compared to $239.29 million in 2022, representing a growth of 18.87% [217]. - Total revenue for the year ended December 31, 2023, was $3,487.5 million, an increase from $3,322.2 million in 2022, representing a growth of approximately 5% [265]. - Net income for 2023 was $284.176 million, an increase of 18.6% compared to $239.555 million in 2022 [225]. - Cash and equivalents increased significantly to $223.64 million in 2023, up from $141.73 million in 2022, marking a growth of 57.73% [220]. - Total assets as of December 31, 2023, were $4,451.89 million, compared to $4,203.46 million in 2022, indicating a growth of 5.91% [220]. - The company reported a net income of $284,487 thousand for the year ended December 31, 2023, compared to $284,176 thousand in 2022, a slight increase [224]. Expenses and Liabilities - The company’s total operating expenses for 2023 were $3,083.43 million, an increase from $2,942.98 million in 2022 [217]. - Total current liabilities increased to $1,251,309 thousand in 2023 from $917,176 thousand in 2022, representing a 36.5% increase [222]. - Long-term obligations decreased to $681,188 thousand in 2023 from $1,052,597 thousand in 2022, a reduction of 35.3% [222]. - The total deferred liabilities and other increased to $198,095 thousand in 2023 from $165,481 thousand in 2022, a growth of 19.6% [222]. - Total liabilities, including accounts payable and accrued liabilities, were $793,089 million in 2023, slightly down from $794,385 million in 2022 [290]. Shareholder Returns - Dividends per common share increased to $1.58 in 2023, up from $1.52 in 2022, reflecting a growth of 3.95% [217]. - Dividends paid in 2023 totaled $103.683 million, compared to $99.461 million in 2022, reflecting a 4.5% increase [225]. - The company repurchased approximately 399 thousand shares of common stock in 2023 at a total cost of $47.6 million, with $60.7 million remaining for future repurchases [370]. Goodwill and Intangible Assets - As of December 31, 2023, the company has approximately $963.4 million in recorded goodwill, which may be subject to impairment based on future business conditions [94]. - Goodwill as of December 31, 2023, totaled $963.418 million, with a decrease in Aptar Beauty's goodwill to $287.097 million due to segment realignment [283]. - Total intangible assets as of December 31, 2023, amounted to $520,233 million, with a net value of $283,211 million after accumulated amortization of $237,022 million [287]. - The aggregate amortization expense for intangible assets for the years ended December 31, 2023, 2022, and 2021 was $44,720 million, $43,574 million, and $41,072 million, respectively [287]. Regulatory and Compliance Risks - The company is subject to various laws and regulations, including data privacy laws like GDPR and CPRA, which can be costly and time-consuming to comply with [95]. - The company's products are regulated by the U.S. FDA and similar agencies, potentially leading to delays in product revenue realization and increased costs [96]. - Future government regulations on healthcare cost containment may impact pharmaceutical sales, affecting prices and demand for the company's products [103]. - The company faces risks from lawsuits and claims, including product liability, which could result in substantial costs and affect normal business operations [97]. Cybersecurity - Increased global cybersecurity threats pose risks to the company's operations, prompting the implementation of a comprehensive cybersecurity strategy [112]. - The company maintains cybersecurity insurance as part of its overall risk management strategy [115]. - The Audit Committee oversees cybersecurity risks and receives regular updates on significant developments related to cybersecurity [119]. - The company has not experienced any material cybersecurity events to date, but acknowledges that such threats could materially affect its business strategy and financial condition [120]. Tax and Accounting Changes - The company is monitoring the impact of global minimum tax rules, effective from January 1, 2024, on its consolidated results for 2024 [105]. - The company has carry forward tax losses in Luxembourg amounting to $131.4 million, with no benefit recorded in the financial statements due to lack of expected realization [244]. - The company is evaluating the impact of ASU 2023-07, which requires enhanced disclosures about significant segment expenses, effective for fiscal years beginning after December 15, 2023 [262]. - The effective income tax rate for 2023 was 24.2%, down from 28.4% in 2022 [294]. Cash Flow and Investments - Net cash provided by operations increased to $575.239 million in 2023, up from $478.617 million in 2022, representing a growth of 20.2% [225]. - Capital expenditures for 2023 were $312.342 million, slightly higher than $310.427 million in 2022 [225]. - The company recognized a gain of $0.8 million from the sale of two buildings in France during the third quarter of 2023 [234]. - The company made acquisitions totaling $16.570 million in 2023, net of cash acquired [225]. Employee Benefits and Compensation - The net periodic benefit cost for domestic plans decreased to $5,891 million in 2023 from $16,512 million in 2022, a decline of 64.3% [328]. - Total contributions to the 401(k) plan were approximately $5.0 million for the years ended December 31, 2023, 2022, and 2021 [344]. - The company contributed $0.5 million to domestic defined benefit plans in 2023 and plans to contribute the same amount in 2024 [338]. Foreign Currency and Hedging - The company maintains a foreign exchange risk management policy to protect against adverse changes in exchange rates, utilizing forward exchange contracts and cross currency swaps [348]. - The company entered into a seven-year USD/EUR fixed-to-fixed cross currency interest rate swap to hedge $203 million of fixed-rate USD debt, with a fair value liability of $22.2 million as of December 31, 2023 [352]. - The total notional amount of outstanding foreign currency forward exchange contracts as of December 31, 2023, was $50.8 million, with a fair value of $0.4 million recorded in prepaid and other assets [353].

CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--AptarGroup, Inc. (NYSE: ATR), a global leader in drug and consumer product dosing, dispensing and protection technologies, today announced that it has been named one of America’s Most Responsible Companies 2024 by Newsweek for the fifth consecutive year. Aptar is ranked number 29 out of 600 U.S. companies and is ranked first in its industry category. “We are extremely proud to be recognized by Newsweek for the fifth consecutive year. Our focus on sustainability, both ...

Group 1: Dividend Announcement - AptarGroup, Inc. declared a quarterly cash dividend of $0.41 per share, with a payment date set for February 22, 2024, to stockholders of record as of February 1, 2024 [1] Group 2: Upcoming Events - Aptar will hold a conference call on February 9, 2024, at 8:00 a.m. Central Time to discuss the fourth quarter and year-end results for 2023, lasting approximately one hour [1] - The 2024 Annual Meeting of Stockholders is scheduled to be held virtually on May 1, 2024, at 9:00 a.m. Central Time, with a record date for voting set for March 8, 2024 [2] Group 3: Company Overview - Aptar is a global leader in drug and consumer product dosing, dispensing, and protection technologies, serving markets such as pharmaceutical, beauty, food, beverage, personal care, and home care [3] - The company employs 13,500 dedicated employees across 20 countries and focuses on creating innovative solutions for leading brands [3]

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AptarGroup, Inc. (NYSE:ATR) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Mary Skafidas - Senior Vice President, Investor Relations & Communications Stephan Tanda - President & Chief Executive Officer Bob Kuhn - Executive Vice President & Chief Financial Officer Conference Call Participants George Staphos - Bank of America Gabe Hajde - Wells Fargo Securities Ghansham Panjabi - Baird Daniel Rizzo - Jefferies Operator Hello and thank you for standing by. Welcome to Aptar's ...

October 26, 2023 Q3 2023 Results ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11846 AptarGroup, Inc. Delaware 36-3853103 (State of Incorporation) (I.R.S. Employer Identification No.) 265 EXCHANGE D ...

AptarGroup, Inc. (NYSE:ATR) Q2 2023 Results Conference Call July 28, 2023 9:00 AM ET Company Participants Mary Skafidas - Senior Vice President, Investor Relations and Communications Stephan Tanda - President and Chief Executive Officer Bob Kuhn - Executive Vice President and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird George Staphos - Bank of America Daniel Rizzo - Jefferies Gabe Hadje - Wells Fargo Securities Operator Ladies and gentlemen, thank you for standing by. Welco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11846 AptarGroup, Inc. Delaware 36-3853103 (State of Incorporation) (I.R.S. Employer Identification No.) 265 EXCHANGE DRIVE, ...

AptarGroup, Inc. (NYSE:ATR) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Mary Skafidas - Senior Vice President, Investor Relations and Communications Stephan Tanda - President and Chief Executive Officer Bob Kuhn - Executive Vice President and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird George Staphos - Bank of America Stefan Diaz - Morgan Stanley Daniel Rizzo - Jefferies Kyle White - Deutsche Bank Gabe Hajde - Wells Fargo Securi ...