AptarGroup (ATR) Tops Q2 EPS by 13c, Offers Outlook

AptarGroup (NYSE: ATR) reported Q2 EPS of $0.80, $0.13 better than the analyst estimate of $0.67. Revenue for the quarter came in at $699.3 million versus the consensus estimate of $652.18 million.

GUIDANCE:

AptarGroup sees Q3 2020 EPS of $0.80-$0.88, versus the consensus of $0.78.

• “There is economic uncertainty in some of our markets, driven in part by the recent spike in COVID-19 cases in many regions of the world. We expect to see gradual improvement in the second half of the year although this will be heavily dependent on the pace and breadth of the resumption of travel activity, the reopening of retail stores and general consumer spending confidence,” said Tanda.
• Aptar expects earnings per share for the third quarter of 2020, excluding any restructuring expenses and acquisition-related costs, to be in the range of $0.80 to $0.88. This guidance is based on an effective tax rate range of 28% to 30%.

For earnings history and earnings-related data on AptarGroup (ATR) click here.

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