Aptar Reports Especially Strong 4Q, Fueled by Rapid Pharma Growth; Raising FVE to $89
Pharma segment results were the highlight of Aptar's fourth quarter and year, with solid margins and even more compelling top-line growth. Beauty and home results were also promising, with decent organic growth being masked by currency headwinds. Because of the ongoing restructuring efforts in food and beverage, segment organic growth and margins remain depressed as we enter 2019. On the whole, however, we've increased our near- to medium-term growth forecasts for Aptar's pharma segment. As a re...AptarGroup is a supplier of a range of dispensing, sealing and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. The company's primary products are dispensing pumps, which dispense a spray or lotion from non-pressurized containers; closures, which are plastic caps that allow a product to be dispensed without removing the cap; aerosol valves, which dispense product from pressurized containers; and elastomeric primary packaging components, which include stoppers for infusion, antibiotic, lyophilization and diagnostic vials, pre-filled syringe components, as well as dropper bulbs and syringe plungers.
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