AptarGroup, Inc. - ATR STOCK NEWS

AptarGroup, Inc. (NYSE: ATR) announced a realignment of its business reporting segments, effective January 1, 2023. The new segments, Aptar Closures and Aptar Beauty, aim to streamline operations and enhance customer focus. The Aptar Closures segment will consolidate closures expertise to broaden market reach, while Aptar Beauty will focus on complex dispensing solutions for various markets. The company will continue to report on three segments, including Aptar Pharma, and will disclose recast historical financials prior to its first quarter results.

AptarGroup (NYSE: ATR) has been recognized as one of the World's Top Female-Friendly Companies for 2022 by Forbes, placing 70th out of 400 companies. This marks the second consecutive year Aptar has received this honor, highlighting its commitment to promoting an inclusive workplace culture. The recognition stemmed from an independent survey of 85,000 women across 36 countries, evaluating companies on employee support and leadership diversity. Aptar's Board features 40% women, while 37% of its executive committee are female.

AptarGroup, Inc. (NYSE:ATR) reported a 15% increase in net income to $54 million for Q3 2022, with sales up 1% to $837 million. Core sales, excluding currency and acquisitions, rose 9%. The Pharma segment led growth with a 20% core sales increase, benefiting from rising demand in prescription and healthcare markets. Beauty + Home saw 4% growth in Europe, while Food + Beverage remained flat due to weaker demand and inventory adjustments. Aptar expects Q4 EPS between $0.73 to $0.83, amid ongoing inflationary pressures and expected declines in certain markets.

Aptar Digital Health has partnered with Chiesi Group to launch a comprehensive disease management platform targeting asthma and COPD. This initiative aims to empower patients and enhance healthcare delivery through data-driven insights. The economic burden of respiratory diseases in Europe is significant, costing around €40 billion. The partnership focuses initially on Europe, with plans for future expansions. Key stakeholders emphasized the potential to improve patient experiences and sustainability in healthcare.

AptarGroup, Inc. (NYSE: ATR) announced a quarterly cash dividend of $0.38 per share, payable on November 16, 2022, to stockholders on record as of October 26, 2022. This declaration reflects the company's strategy to return value to its shareholders. Additionally, Aptar will host a conference call on October 28, 2022, at 8:00 a.m. Central Time, to discuss its third-quarter results for 2022.

Aptar Pharma, through its subsidiary Nanopharm, has partnered with Fluidda to expedite the FDA approval process for orally inhaled generic products. This collaboration utilizes Nanopharm's SmartTrack™ and Fluidda's Functional Respiratory Imaging technologies to streamline drug applications, potentially reducing the need for extensive clinical studies. The first approval using this alternative bioequivalence pathway is pending, promising to enhance demand for their collective services and solidify their positions in respiratory drug development.

AptarGroup, Inc. (NYSE: ATR) has announced the appointment of Matt Trerotola to its Board of Directors. Trerotola, the President and CEO of Enovis Corporation, brings over 30 years of experience in medical technology and significant expertise in driving organic growth, profitability, and strategic acquisitions. His extensive background includes leadership roles at DuPont and Danaher Corporation. Aptar's President and CEO expressed confidence that Trerotola's insights will enhance shareholder value. This strategic addition aligns with Aptar's commitment to improve lives globally through innovative solutions.

AptarGroup, Inc. (NYSE: ATR) reported a 15% increase in net income to $64 million for the second quarter of 2022, alongside 4% sales growth totaling $845 million. Core sales also rose 10%. Key growth drivers included robust Pharma and Beauty + Home segments, with core sales up 12% and 10%, respectively. Adjusted EPS climbed 13% to $0.96. The company faces challenges from inflation and currency fluctuations but remains optimistic about future performance, expecting EPS between $0.90 and $1.00 for Q3.

AptarGroup, Inc. (NYSE: ATR) announced a quarterly cash dividend of $0.38 per share, payable on August 17, 2022, to stockholders on record as of July 27, 2022. The company will also hold a conference call on July 29, 2022, at 8:00 a.m. Central Time to discuss its second quarter results for 2022. As a leader in drug delivery and consumer product dispensing, Aptar aims to enhance the lives of millions through its innovative solutions across various markets.