AptarGroup reports 1Q sales up 4%
CRYSTAL LAKE – AptarGroup Inc. reported sales increased 4 percent to $618 million in the first quarter,. Sales a year ago were $592 million.
The Crystal Lake-based company said earnings per share of $0.59 included the negative impact of $0.05 per share from charges related to the European Operations Optimization plan.
Food + Beverage segment had a strong quarter with 13 percent sales growth and 26 percent segment income growth.
Aptar Stelmi, which was acquired in July 2012, contributed approximately $35 million or 6 percent to the quarterly sales growth.
“Demand for our Food + Beverage dispensing systems was strong in the quarter,” said President and CEO Stephen Hagge. “Our operations in Latin America and Asia posted another quarter of strong growth.”