ATR AptarGroup Inc

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


October 29, 2015
Date of Report (Date of earliest event reported)


AptarGroup, Inc.
(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: 815-477-0424.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02     Results of Operations and Financial Condition.

On October 29, 2015, AptarGroup, Inc. announced certain information related to its results of operations for the quarter and nine months ended September 30, 2015.  The press release regarding this announcement is furnished as Exhibit 99.1 hereto.

The information in Item 2.02 of this Form 8-K and the Exhibits attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.


Item 9.01     Financial Statements and Exhibits.

(d) Exhibits

99.1     Press release issued by AptarGroup, Inc. dated October 29, 2015.      

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Exhibit Index

3

Exhibit 99.1

AptarGroup Reports Strong Operating Results with Record Third Quarter Earnings

CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--October 29, 2015--AptarGroup, Inc. (NYSE:ATR) today reported record third quarter net income and earnings per share.

Third Quarter 2015 Summary

• Strong operating results across each business segment drove the consolidated operating income margin to 15% compared to 12% in the prior year
• Record third quarter earnings per share of $0.83 rose 30% when compared to currency-adjusted prior year earnings per share of $0.64, and rose 14% when compared to reported prior year earnings per share of $0.73
• Core sales, which exclude currency translation effects, increased approximately 3% (reported sales decreased 10%)

THIRD QUARTER RESULTS

For the quarter ended September 30, 2015, reported sales decreased 10% to $586 million from $652 million a year ago. Core sales, which exclude the negative impact from changes in currency exchange rates, increased by approximately 3%.

Commenting on the quarter, Stephen Hagge, President and CEO, said, “This was an excellent quarter and quite similar to our second quarter record performance. Our Beauty + Home segment performed very well operationally despite continued softness in the personal care and beauty markets, a challenging foreign currency environment and a general deceleration in the developing regions. Our Pharma and Food + Beverage segments each had outstanding quarters as well, with broad-based demand for our innovative dispensing solutions. Food + Beverage’s core sales growth was negatively impacted by decreased tooling sales and the passing through of resin cost decreases. Excluding resin and tooling effects, Food + Beverage core product sales increased approximately 13%. Operating profit margins improved at each segment compared to the prior year and I’m pleased to see the impact of our cost saving efforts across the company.”

AptarGroup reported earnings per share of $0.83 compared to $0.73 per share a year ago. Assuming a comparable foreign currency exchange environment, comparable earnings per share for the prior year were approximately $0.64.

YEAR-TO-DATE RESULTS

For the nine months ended September 30, 2015, reported sales decreased 11% to approximately $1.8 billion from approximately $2.0 billion a year ago. Core sales, which exclude the negative impact from changes in currency exchange rates, increased by approximately 1%.

Hagge commented on the year-to-date results, “Currency translation headwinds significantly affected our year-to-date reported results compared to the prior year. Despite softness in certain markets and the passing through of resin cost decreases, our core sales improved over the prior year. We continue to focus on cost containment while we grow in the various markets we serve and this approach, along with a favorable mix of business, drove our strong operating results through the first nine months of this year.”

AptarGroup reported earnings per share of $2.41 compared to $2.21 a year ago. Excluding the effect of a change in inventory valuation methods made in the second quarter (approximately $0.08 per share), adjusted earnings per share for the nine months year-to-date were $2.33. Assuming a comparable foreign currency exchange environment, comparable earnings per share for the prior year were approximately $1.90.

OUTLOOK

Commenting on AptarGroup’s outlook, Hagge said, “Currency exchange rates will continue to be a significant headwind on our translated results compared to the prior year at least until early next year. We don’t see any significant changes in the macroeconomic conditions that are currently affecting our business, including selected softness in certain markets. Also, we anticipate that certain customers may choose to reduce inventory levels at year end as we have seen in recent years. Despite these near-term issues, we expect fourth quarter earnings on a comparable currency basis to improve over the prior year. In addition, we are optimistic about the future and we remain committed to our market-focused strategy, investing in research and development, and positioning the company for long-term growth.”

AptarGroup expects earnings per share for the fourth quarter, assuming a comparable effective tax rate as the prior year fourth quarter, to be in the range of $0.61 to $0.66 per share compared to $0.63 per share reported in the prior year. Assuming a comparable foreign currency exchange rate environment, comparable earnings per share for the prior year were approximately $0.58.

SHARE REPURCHASE PROGRAM AND INCREASED CASH DIVIDEND

As planned, AptarGroup concluded a previously announced $250 million accelerated share repurchase program near the end of the third quarter and received approximately 720,000 additional shares. This brings the total amount of shares repurchased under the program to approximately 3,853,000 shares. Also, as previously announced, AptarGroup increased the quarterly cash dividend by 7% to $0.30 per share. The payment date is November 25, 2015, to shareholders of record as of November 4, 2015. Hagge stated, “Our strong financial condition allows us to continue to invest in our business and return value to shareholders through share repurchases and increased cash dividends.”

OPEN CONFERENCE CALL

There will be a conference call on Friday, October 30, 2015 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss AptarGroup’s third quarter results for 2015. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

AptarGroup, Inc. is a leading global supplier of a broad range of innovative dispensing solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food, and beverage markets. AptarGroup is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America. To learn more, visit www.aptar.com.

This press release contains forward-looking statements. Words such as “expects,” “anticipates,” “believes,” “estimates,” and other similar expressions or future or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on management’s beliefs as well as assumptions made by and information currently available to management. Accordingly, AptarGroup’s actual results may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist including, but not limited to, economic conditions worldwide as well as potential deflationary conditions in regions we rely on for growth; political conditions worldwide; significant fluctuations in foreign currency exchange rates; changes in customer and/or consumer spending levels; financial conditions of customers and suppliers; consolidations within our customer or supplier bases; fluctuations in the cost of raw materials, components and other input costs; the availability of raw materials and components; our ability to increase prices, contain costs and improve productivity; changes in capital availability or cost, including interest rate fluctuations; volatility of global credit markets; cybersecurity threats that could impact our networks and reporting systems; fiscal and monetary policies and other regulations, including changes in tax rates; direct or indirect consequences of acts of war or terrorism; work stoppages due to labor disputes; and competition, including technological advances. For additional information on these and other risks and uncertainties, please see AptarGroup’s filings with the Securities and Exchange Commission, including its Form 10-Ks and Form 10-Qs. AptarGroup undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
AptarGroup, Inc.
Matthew DellaMaria
815-477-0424