AptarGroup Q4 2020 Earnings Report
Key Takeaways
AptarGroup reported strong fourth quarter performance with reported sales growth of 12% and core sales growth of 5%. The Pharma and Food + Beverage segments achieved double-digit sales growth, while the Beauty + Home segment saw modest core sales decline. The company achieved increased earnings per share and strong cash flow from operations and free cash flow.
Reported sales grew 12%; core sales grew 5%.
Pharma and Food + Beverage segments achieved double-digit sales growth.
Reported earnings per share totaled $0.79.
Adjusted earnings per share totaled $0.92.
AptarGroup
AptarGroup
AptarGroup Revenue by Segment
Forward Guidance
Aptar expects earnings per share for the first quarter of 2021 to be in the range of $0.86 to $0.94, based on an effective tax rate range of 28% to 30%. The company anticipates continued solid growth in injectables components, active material solutions, and dispensing systems for sanitizers, cleaners, and food products.
Positive Outlook
- Continued solid growth in injectables components.
- Continued solid growth in active material solutions.
- Continued solid growth in dispensing systems for sanitizers.
- Continued solid growth in dispensing systems for cleaners.
- Continued solid growth in dispensing systems for food products.
Challenges Ahead
- Demand in the beauty fragrance market is expected to remain under pressure.
- Demand in the on-the-go beverage markets is expected to remain under pressure.
- Experiencing a drawdown of inventories by certain prescription drug customers.
- Experiencing a drawdown of inventories by certain consumer health care customers.
- Fewer non-critical doctor visits.
Revenue & Expenses
Visualization of income flow from segment revenue to net income