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Dec 31, 2020
AptarGroup Q4 2020 Earnings Report
AptarGroup showcased resilient business with strong second half results and record annual free cash flow.
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
Revenue by Segment
Aptar Pharma Revenue
CapyFin.comAptar Beauty Revenue
CapyFin.comAptar Closures Revenue
CapyFin.com 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