AptarGroup Inc. (ATR) has reported an impressive increase in its fourth-quarter profits, surpassing both its performance in the previous year and the projections set by market analysts. The company announced a net income of $100.87 million, translating to earnings of $1.49 per share. This marks a significant rise from last year’s figures, which stood at $62.25 million or $0.93 per share.
After adjustments for specific items, the company's earnings for this quarter amounted to $103.20 million, or $1.52 per share. This result notably exceeds analysts' consensus expectation of $1.26 per share, an estimate that generally excludes special items.
Furthermore, AptarGroup Inc. saw a revenue growth of 1.1%, reaching $848.088 million compared to $838.480 million from the previous year.
To summarize AptarGroup Inc.'s financial report (GAAP basis):
- Earnings have jumped to $100.87 million from $62.25 million the previous year.
- Earnings per Share (EPS) have increased from $0.93 to $1.49.
- Revenue experienced an uplift to $848.088 million, up from $838.480 million last year.
**Outlook**: The company anticipates next quarter’s EPS to range between $1.11 and $1.19.
