AptarGroup sees Q4 EPS $1.06-$1.14, consensus $1.11

Regarding Aptar’s outlook, Tanda stated, “We anticipate a strong end to 2023 and are energized for 2024. In the fourth quarter, we expect continued growth in our proprietary pharma drug delivery systems and continued improvement in our injectables division’s performance as new capacity continues to come online. Our fragrance dispensing solutions experienced strong growth in the first nine months of the year and we anticipate sales for these dispensing solutions to finish strong in 2023. Our Beauty and Closures segments will be aided by the improving environment in North America as we start to move past the destocking caused by elevated inventory levels. While we are clearly focused on growing the top line, the team is equally focused on reducing costs and driving profitable growth across each of our segments by leveraging our fixed cost base and reducing our SG&A as a percentage of sales.”