AptarGroup, Inc. Files Q3 2024 10-Q Report
Ticker: ATR · Form: 10-Q · Filed: Oct 25, 2024 · CIK: 896622
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
APTARGROUP Q3 2024 10-Q FILED - CHECK FINANCIALS
AI Summary
AptarGroup, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the year. Key financial details and operational updates are provided for investors.
Why It Matters
This filing provides investors with the latest financial performance and operational details for AptarGroup, Inc., crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Players & Entities
- APTARGROUP, INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241025 (date) — Filing Date
- Crystal Lake, IL (location) — Company Headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 25, 2024.
What is the company's Standard Industrial Classification code?
The company's Standard Industrial Classification code is 3089, for Plastics Products, NEC.
What is the company's IRS number?
The company's IRS number is 363853103.
What is the state of incorporation for AptarGroup, Inc.?
AptarGroup, Inc. is incorporated in Delaware (DE).
Filing Stats: 4,732 words · 19 min read · ~16 pages · Grade level 15 · Accepted 2024-10-25 10:03:46
Filing Documents
- atr-20240930.htm (10-Q) — 2177KB
- atr-20240930x10qexx31.htm (EX-3.1) — 197KB
- atr-20240930x10qexx103.htm (EX-10.3) — 16KB
- atr-20240930x10qexx311.htm (EX-31.1) — 11KB
- atr-20240930x10qexx312.htm (EX-31.2) — 12KB
- atr-20240930x10qexx321.htm (EX-32.1) — 5KB
- atr-20240930x10qexx322.htm (EX-32.2) — 5KB
- atr-20240930_g1.jpg (GRAPHIC) — 3KB
- image_0.jpg (GRAPHIC) — 7KB
- 0000896622-24-000040.txt ( ) — 11930KB
- atr-20240930.xsd (EX-101.SCH) — 64KB
- atr-20240930_cal.xml (EX-101.CAL) — 108KB
- atr-20240930_def.xml (EX-101.DEF) — 359KB
- atr-20240930_lab.xml (EX-101.LAB) — 872KB
- atr-20240930_pre.xml (EX-101.PRE) — 626KB
- atr-20240930_htm.xml (XML) — 2138KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Statements of Income – Three and Nine Months Ended September 30, 2024 and 2023 1 Condensed Consolidated Statements of Comprehensive Income – Three and Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Changes in Equity – Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 30, 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 49 Item 6. Exhibits 50 Signature 51 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Sales $ 909,291 $ 892,997 $ 2,734,802 $ 2,648,970 Operating Expenses: Cost of sales (exclusive of depreciation and amortization shown below) 558,511 566,691 1,708,707 1,697,824 Selling, research & development and administrative 141,604 138,137 443,714 427,488 Depreciation and amortization 67,015 62,686 196,332 184,212 Restructuring initiatives 3,864 6,161 9,659 19,628 Total Operating Expenses 770,994 773,675 2,358,412 2,329,152 Operating Income 138,297 119,322 376,390 319,818 Other (Expense) Income: Interest expense ( 12,290 ) ( 9,984 ) ( 32,526 ) ( 29,900 ) Interest income 3,022 946 9,022 2,266 Net investment gain (loss) 1,043 ( 1,240 ) 1,495 1,839 Equity in results of affiliates ( 77 ) 1,002 ( 168 ) 1,514 Miscellaneous income (expense), net 1,136 3 ( 518 ) ( 1,341 ) Total Other Expense ( 7,166 ) ( 9,273 ) ( 22,695 ) ( 25,622 ) Income before Income Taxes 131,131 110,049 353,695 294,196 Provision for Income Taxes 31,209 25,751 80,382 72,265 Net Income $ 99,922 $ 84,298 $ 273,313 $ 221,931 Net Loss (Gain) Attributable to Noncontrolling Interests $ 117 $ ( 2 ) $ 284 $ 201 Net Income Attributable to AptarGroup, Inc. $ 100,039 $ 84,296 $ 273,597 $ 222,132 Net Income Attributable to AptarGroup, Inc. per Common Share: Basic $ 1.51 $ 1.28 $ 4.13 $ 3.39 Diluted $ 1.48 $ 1.26 $ 4.05 $ 3.32 Average Number of Shares Outstanding: Basic 66,445 65,707 66,274 65,550 Diluted 67,716 67,035 67,574 66,865 Dividends per Common Share $ 0.45 $ 0.41 $ 1.27 $ 1.17 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 September 30,