AptarGroup, Inc. Files 2023 Annual Report on Form 10-K
Ticker: ATR · Form: 10-K · Filed: Feb 9, 2024 · CIK: 896622
Complexity: moderate
Sentiment: neutral
Topics: 10-K, AptarGroup, ATR, Annual Report, Plastics Products
TL;DR
<b>AptarGroup, Inc. has filed its 2023 10-K report detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>
AI Summary
APTARGROUP, INC. (ATR) filed a Annual Report (10-K) with the SEC on February 9, 2024. AptarGroup, Inc. filed its 2023 Form 10-K on February 9, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 265 Exchange Drive, Suite 301, Crystal Lake, IL 60014. AptarGroup, Inc. is incorporated in Delaware. The Standard Industrial Classification code for the company is 3089 (Plastics Products, NEC).
Why It Matters
For investors and stakeholders tracking APTARGROUP, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of AptarGroup's financial health, operational strategies, and risk factors for the past fiscal year, crucial for investors to assess the company's performance and future outlook. The detailed financial statements and disclosures within the report are essential for understanding the company's revenue streams, profitability, debt levels, and overall market position within the plastics products industry.
Risk Assessment
Risk Level: medium — APTARGROUP, INC. shows moderate risk based on this filing. The company operates in the plastics products industry, which can be subject to market fluctuations, regulatory changes, and competition, as detailed in the risk factors section of the 10-K.
Analyst Insight
Investors should review the detailed financial statements and risk factors in the 10-K to understand AptarGroup's performance and potential challenges.
Key Numbers
- 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
- 2024-02-09 — Filing Date (FILED AS OF DATE)
- 3089 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
- DE — State of Incorporation (STATE OF INCORPORATION)
Key Players & Entities
- APTARGROUP, INC. (company) — FILER
- ATR (company) — tk
- 20231231 (date) — CONFORMED PERIOD OF REPORT
- 20240209 (date) — FILED AS OF DATE
- 265 EXCHANGE DRIVE (address) — BUSINESS ADDRESS STREET 1
- CRYSTAL LAKE (city) — BUSINESS ADDRESS CITY
- IL (state) — BUSINESS ADDRESS STATE
- 60014 (zip_code) — BUSINESS ADDRESS ZIP
FAQ
When did APTARGROUP, INC. file this 10-K?
APTARGROUP, INC. filed this Annual Report (10-K) with the SEC on February 9, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by APTARGROUP, INC. (ATR).
Where can I read the original 10-K filing from APTARGROUP, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by APTARGROUP, INC..
What are the key takeaways from APTARGROUP, INC.'s 10-K?
APTARGROUP, INC. filed this 10-K on February 9, 2024. Key takeaways: AptarGroup, Inc. filed its 2023 Form 10-K on February 9, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 265 Exchange Drive, Suite 301, Crystal Lake, IL 60014..
Is APTARGROUP, INC. a risky investment based on this filing?
Based on this 10-K, APTARGROUP, INC. presents a moderate-risk profile. The company operates in the plastics products industry, which can be subject to market fluctuations, regulatory changes, and competition, as detailed in the risk factors section of the 10-K.
What should investors do after reading APTARGROUP, INC.'s 10-K?
Investors should review the detailed financial statements and risk factors in the 10-K to understand AptarGroup's performance and potential challenges. The overall sentiment from this filing is neutral.
How does APTARGROUP, INC. compare to its industry peers?
AptarGroup, Inc. operates within the plastics products manufacturing sector, serving various industries with its dispensing, sealing, and active packaging solutions.
Are there regulatory concerns for APTARGROUP, INC.?
The filing adheres to the Securities Exchange Act of 1934, requiring public companies to submit annual reports (10-K) to the SEC.
Industry Context
AptarGroup, Inc. operates within the plastics products manufacturing sector, serving various industries with its dispensing, sealing, and active packaging solutions.
Regulatory Implications
The filing adheres to the Securities Exchange Act of 1934, requiring public companies to submit annual reports (10-K) to the SEC.
What Investors Should Do
- Review the financial statements for revenue, net income, and other key performance indicators for FY 2023.
- Analyze the risk factors section to understand potential challenges and mitigation strategies.
- Examine any disclosed executive compensation details for insights into management incentives.
Key Dates
- 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
- 2024-02-09: Filing Date — Date the 10-K was officially submitted to the SEC.
Year-Over-Year Comparison
This is the initial filing of the 2023 Form 10-K, providing the latest annual financial and operational data for AptarGroup, Inc.
Filing Stats: 4,420 words · 18 min read · ~15 pages · Grade level 13.9 · Accepted 2024-02-09 11:36:56
Key Financial Figures
- $9.4 million — tal stock of iD SCENT for approximately $9.4 million (net of $1.4 million cash acquired). iD
- $1.4 million — for approximately $9.4 million (net of $1.4 million cash acquired). iD SCENT offers green s
- $1.5 million — .L. ("Gulf Closures") for approximately $1.5 million (net of $1.2 million cash acquired). Th
- $1.2 million — for approximately $1.5 million (net of $1.2 million cash acquired). The acquisition of Gulf
- $5.1 million — up Inc. ("Metaphase") for approximately $5.1 million (net of $0.1 million of cash acquired).
- $0.1 million — for approximately $5.1 million (net of $0.1 million of cash acquired). Metaphase provides u
Filing Documents
- atr-20231231.htm (10-K) — 3416KB
- atr-20231231x10kexx21.htm (EX-21) — 81KB
- atr-20231231x10kexx23.htm (EX-23) — 3KB
- atr-20231231x10kexx311.htm (EX-31.1) — 10KB
- atr-20231231x10kexx312.htm (EX-31.2) — 10KB
- atr-20231231x10kexx321.htm (EX-32.1) — 3KB
- atr-20231231x10kexx322.htm (EX-32.2) — 4KB
- atr-20231231x10kexx97.htm (EX-97) — 30KB
- atr-20231231_g1.jpg (GRAPHIC) — 4KB
- atr-20231231_g2.jpg (GRAPHIC) — 61KB
- image_0.jpg (GRAPHIC) — 7KB
- 0000896622-24-000010.txt ( ) — 19203KB
- atr-20231231.xsd (EX-101.SCH) — 91KB
- atr-20231231_cal.xml (EX-101.CAL) — 156KB
- atr-20231231_def.xml (EX-101.DEF) — 551KB
- atr-20231231_lab.xml (EX-101.LAB) — 1409KB
- atr-20231231_pre.xml (EX-101.PRE) — 937KB
- atr-20231231_htm.xml (XML) — 3909KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 10 Item 1B. Unresolved Staff Comments 15 Item 1C. Cybersecurity 15 Item 2.
Properties
Properties 17 Item 3.
Legal Proceedings
Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. Reserved 19 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A. Quantitative and Qualitative Disclosure about Market Risk 35 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 36 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 82 Item 9A.
Controls and Procedures
Controls and Procedures 82 Item 9B. Other Information 82 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 82 Part III Item 10. Directors, Executive Officers and Corporate Governance 83 Item 11.
Executive Compensation
Executive Compensation 83 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 83 Item 13. Certain Relationships and Related Transactions, and Director Independence 83 Item 14. Principal Accountant Fees and Services 83 Part IV Item 15. Exhibits and Financial Statement Schedules 84 Item 16. Form 10-K Summary 84 Index of Exhibits 85
Signatures
Signatures 90 i/ATR 2023 Form 10-K Table of Contents PART I
BUSINESS
ITEM 1. BUSINESS WHO ARE WE AND WHAT DO WE DO Aptar is a global leader in the design and manufacturing of drug and consumer product dosing, dispensing and protection technologies. Aptar serves a number of attractive end markets including pharmaceutical, beauty, food, beverage, personal care, and home care. Using market expertise, proprietary design, engineering and science to create innovative solutions for many of the world's leading brands, Aptar in turn makes a meaningful difference in the lives, looks, health and homes of millions of patients and consumers around the world. Aptar is headquartered in Crystal Lake, Illinois and has approximately 13,800 dedicated employees in 20 different countries. For more information, visit www.aptar.com. Our business was started in the late 1940's, manufacturing and selling aerosol valves in the United States, and has grown primarily through acquisitions and internal expansion. In this report, we may refer to AptarGroup, Inc. and its subsidiaries as "AptarGroup", "Aptar" or the "Company". We have manufacturing facilities located throughout the world including North America, Europe, Asia and Latin America. We have approximately 5,000 customers with no single customer or group of affiliated customers accounting for greater than 5% of our 2023 Net Sales. Consumers' and patients' preferences for convenience and product differentiation through drug delivery and packaging design and function are important to our customers and they have converted many of their packages from non-dispensing formats to dispensing systems that offer enhanced shelf appeal, convenience, cleanliness and accuracy of dosage. We design our products with both people and the environment in mind. Many of our product solutions for the beauty, personal care, home care, food and beverage markets are recyclable, reusable or made with recycled content. We partner with our customers by providing innovative solutions and end market expertise. While we offer a wide