AptarGroup, Inc. Files 10-Q for Q2 2024
Ticker: ATR · Form: 10-Q · Filed: Jul 26, 2024 · CIK: 896622
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**APTARGROUP Q2 2024 10-Q FILED** - Key financial details and disclosures now available.
AI Summary
AptarGroup, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position. Key financial data points and disclosures relevant to investors are included in this report.
Why It Matters
This 10-Q filing provides investors with a detailed look at AptarGroup's financial health and operational performance during the second quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 20240726 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- APTARGROUP, INC. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240726 (date) — Filing date
- CRYSTAL LAKE, IL (location) — Company headquarters
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides a comprehensive overview of AptarGroup, Inc.'s financial performance and position for the quarterly period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on July 26, 2024.
What is the fiscal year end for AptarGroup, Inc.?
AptarGroup, Inc.'s fiscal year ends on December 31.
What is the Standard Industrial Classification (SIC) code for AptarGroup, Inc.?
The SIC code for AptarGroup, Inc. is 3089, which corresponds to Plastics Products, NEC.
Where is AptarGroup, Inc. headquartered?
AptarGroup, Inc. is headquartered in Crystal Lake, IL.
Filing Stats: 4,766 words · 19 min read · ~16 pages · Grade level 14.8 · Accepted 2024-07-26 09:56:42
Filing Documents
- atr-20240630.htm (10-Q) — 2143KB
- atr-20240630x10qexx311.htm (EX-31.1) — 11KB
- atr-20240630x10qexx312.htm (EX-31.2) — 12KB
- atr-20240630x10qexx321.htm (EX-32.1) — 5KB
- atr-20240630x10qexx322.htm (EX-32.2) — 5KB
- atr-20240630_g1.jpg (GRAPHIC) — 3KB
- 0000896622-24-000034.txt ( ) — 11498KB
- atr-20240630.xsd (EX-101.SCH) — 64KB
- atr-20240630_cal.xml (EX-101.CAL) — 105KB
- atr-20240630_def.xml (EX-101.DEF) — 354KB
- atr-20240630_lab.xml (EX-101.LAB) — 865KB
- atr-20240630_pre.xml (EX-101.PRE) — 621KB
- atr-20240630_htm.xml (XML) — 2101KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Statements of Income – Three and Six Months Ended June 3 0 , 2024 and 2023 1 Condensed Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 3 0 , 2024 and 2023 2 Condensed Consolidated Balance Sheets – June 3 0 , 2024 and December 31, 2023 3 Condensed Consolidated Statements of Changes in Equity – Three and Six Months Ended June 3 0 , 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows - Six Months Ended June 3 0 , 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 47 Item 4.
Controls and Procedures
Controls and Procedures 47 Part II. OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 48 Item 5. Other Information 48 Item 6. Exhibits 49 Signature 50 i Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) AptarGroup, Inc. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) In thousands, except per share amounts Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net Sales $ 910,063 $ 895,906 $ 1,825,511 $ 1,755,973 Operating Expenses: Cost of sales (exclusive of depreciation and amortization shown below) 567,440 573,711 1,150,196 1,131,133 Selling, research & development and administrative 149,330 141,428 302,110 289,351 Depreciation and amortization 64,968 62,267 129,317 121,526 Restructuring initiatives 2,315 1,943 5,795 13,467 Total Operating Expenses 784,053 779,349 1,587,418 1,555,477 Operating Income 126,010 116,557 238,093 200,496 Other (Expense) Income: Interest expense ( 10,061 ) ( 9,688 ) ( 20,236 ) ( 19,916 ) Interest income 3,102 648 6,000 1,320 Net investment (loss) gain ( 140 ) 2,891 452 3,079 Equity in results of affiliates 130 643 ( 91 ) 512 Miscellaneous expense, net ( 795 ) ( 173 ) ( 1,654 ) ( 1,344 ) Total Other Expense ( 7,764 ) ( 5,679 ) ( 15,529 ) ( 16,349 ) Income before Income Taxes 118,246 110,878 222,564 184,147 Provision for Income Taxes 27,788 27,831 49,173 46,514 Net Income $ 90,458 $ 83,047 $ 173,391 $ 137,633 Net (Gain) Loss Attributable to Noncontrolling Interests $ ( 4 ) $ 25 $ 167 $ 203 Net Income Attributable to AptarGroup, Inc. $ 90,454 $ 83,072 $ 173,558 $ 137,836 Net Income Attributable to AptarGroup, Inc. per Common Share: Basic $ 1.36 $ 1.27 $ 2.62 $ 2.11 Diluted $ 1.34 $ 1.24 $ 2.57 $ 2.07 Average Number of Shares Outstanding: Basic 66,312 65,568 66,188 65,470 Diluted 67,575 66,855 67,509 66,748 Dividends per Common Share $ 0.41 $ 0.38 $ 0.82 $ 0.76 See accompanying unaudited Notes to Condensed Consolidated Financial Statements. 1 Table of Contents AptarGroup, Inc. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) In thousands Three Months Ended June 30, Six Months Ended June 30, 20