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Demand from the fragrance and personal care markets helped drive results.
April 16, 2010
By: Jamie Matusow
Editor-in-Chief
Cosmetics and perfume-dispenser manufacturer AptarGroup Inc has reported record first quarter earnings per share. Also, the Board of Directorsdeclared a quarterly cash dividend of $.15 per share. For the quarter ended March 31, 2010, reported sales increased 17% to $505.5 million from $431.8 million in the first quarter of 2009. When currency effects are excluded, sales increased 11% over the prior year. The company’s first quarter 2010 summary: — Reported diluted earnings per share jumped 47% to a first quarter record of $.56. — Beauty & Home and Closures segments experienced strong volume growth. — Demand from the fragrance and personal care markets helped drive results. — Pharma segment maintained stable performance and operating margin. — Sales rose 11% (excluding currency effects). — License agreement which expands product offerings announced.
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