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AptarGroup Q4 net income decreases
Feb 15, 2013 (Datamonitor via COMTEX) -- Copyright (C) 2013 Datamonitor. All rights reserved

AptarGroup, Inc., a supplier of dispensing systems for the fragrance/cosmetic, personal care, pharmaceutical, household and food/beverage markets, has reported that net income attributable to the company for the fourth quarter ended December 31, 2012 was $34.99 million, or $0.52 per diluted share, compared to $38.62 million, or $0.57 per diluted share, for the fourth quarter ended December 31, 2011.

Net sales for the fourth quarter ended December 31, 2012 were $571.44 million, compared to $544.54 million for the fourth quarter ended December 31, 2011.

Net income attributable to the company for the year ended December 31, 2012 was $162.61 million, or $2.38 per diluted share, compared to $183.68 million, or $2.65 per diluted share, for the year ended December 31, 2011.

Net sales for the year ended December 31, 2012 were $2.33 billion, compared to $2.34 billion for the year ended December 31, 2011.

Regarding the Company's outlook, Hagge, president and CEO, stated: "Significant increases in US raw material costs, particularly plastic resin, will create headwinds in the first quarter due to the timing of the pass-through of these increases to our customers. We are optimistic that both the US and Europe will improve as the year progresses but we are somewhat cautious on the speed of those recoveries going into the first quarter. Also, we expect continued good growth in Latin America and Asia."


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