First Quarter Operating Highlights: Consolidated net sales of $799 million in the first quarter of 2018 increased by $33 million, or 4 percent compared to $766 million for the 2017 first quarter. The increase in net sales is primarily due to higher prices, partially offset by lower sales volume. The Company sold 662,000 tons of paper during the first quarter of 2018 compared to 699,000 tons a year earlier. Net income of $33 million for the 2018 first quarter increased by $27 million, or 446 percent, compared to the 2017 first quarter. The higher earnings primarily reflects: •Higher selling prices and a better product mix of $48 million, •Favorable productivity of $10 million mainly due to higher mill production, •Lower recycled fiber costs of $6 million. Click Read More below for additional information.
AptarGroup, Inc. (NYSE:ATR), a global leader in drug delivery, consumer product dispensing and active material science solutions, today reported second quarter results for 2021.
Second Quarter 2021 Summary
*Reported sales grew 16% driven by strong core sales growth and positive currency effects
*Core sales (excluding currency effects) increased 10% mainly on double digit core growth in Beauty + Home and Food + Beverage, driven by increased demand for our innovative dispensing solutions along with price adjustments related to rising input costs
*Reported earnings per share totaled $0.81 (an increase of 29% compared to the prior year)
*Reported net income totaled $55 million for the second quarter (an increase of 32% compared to the prior year) and $139 million year-to-date (an increase of 43% compared to the prior year)
*Cash flow from operations was $176 million in the first half of 2021 (a decrease of 23% compared to the prior year)
details at: https://www.aptar.com/wp-content/uploads/2021/07/PR-Aptar-Q2-July-29-2021.pdf