ATR FY 2023 Earnings Report — AptarGroup, Inc. Revenue & Financial Results | Market Cap Arena

AptarGroup, Inc.ATR

FY 2023 Earnings

Reported February 9, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.3B	—	5.0%
Op. Income	$404M	—	$379M	—	6.5%
Gross Margin	36.2%	—	35.0%	—	1.2pp
Net Margin	8.2%	—	7.2%	—	1.0pp
EPS (Diluted)	$4.25	—	$3.59	—	18.4%
Free Cash Flow	$257M	—	$163M	—	57.6%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$566M
Other Expenses	$294M
Operating Expenses	$859M
Cost & Expenses	$3.1B
OPERATING INCOME	$404M
Interest Income	$4M
Interest Expense	$40M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$375M
Income Tax Expense	$91M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$249M
EBIT	$415M
EBITDA	$664M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$566M
Other Expenses	$294M
Operating Expenses	$859M
Cost & Expenses	$3.1B
OPERATING INCOME	$404M
Interest Income	$4M
Interest Expense	$40M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$375M
Income Tax Expense	$91M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$249M
EBIT	$415M
EBITDA	$664M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$284M
Depreciation & Amortization	$249M
Stock-Based Compensation	$41M
Deferred Income Tax	-$20M
Other Non-Cash Items	$15M
Change in Working Capital	$6M
OPERATING CASH FLOW	$575M
Capital Expenditure	-$318M
Acquisitions (Net)	-$17M
Purchases of Investments	$0
Sales/Maturities of Investments	$6M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$324M
Net Debt Issuance	-$52M
Common Stock Repurchased	-$48M
Common Dividends Paid	-$104M
Other Financing Activities	$31M
NET CASH FROM FINANCING	-$172M
FREE CASH FLOW	$257M
Net Change in Cash	$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$224M
Short-Term Investments	$0
Net Receivables	$678M
Inventory	$513M
Other Current Assets	$135M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$1.5B
Goodwill	$963M
Intangible Assets	$283M
Long-Term Investments	$49M
Tax Assets	$0
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.5B
Account Payables	$329M
Short-Term Debt	$458M
Deferred Revenue	$61M
Other Current Liabilities	$222M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$681M
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$879M
TOTAL LIABILITIES	$2.1B
Common Stock	$717.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$2.1B
Treasury Stock	-$539M
Accum. Other Comp. Income	-$309M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$14M
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.2B
Net Debt	$961M