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Beauty Industry

AptarGroup Reports Record 1st Quarter

Demand from the fragrance and personal care markets helped drive results.

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By: Jamie Matusow

Editor-in-Chief

Cosmetics and perfume-dispenser manufacturer AptarGroup Inc has reported record first quarter earnings per share. Also, the Board of Directorsdeclared a quarterly cash dividend of $.15 per share. For the quarter ended March 31, 2010, reported sales increased 17% to $505.5 million from $431.8 million in the first quarter of 2009. When currency effects are excluded, sales increased 11% over the prior year.

The company’s first quarter 2010 summary:

— Reported diluted earnings per share jumped 47% to a first quarter record of $.56.

— Beauty & Home and Closures segments experienced strong volume growth.

— Demand from the fragrance and personal care markets helped drive results.

— Pharma segment maintained stable performance and operating margin.

— Sales rose 11% (excluding currency effects).

— License agreement which expands product offerings announced.


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