Aptar Announces New $500 Million Share Repurchase Authorization and Declares Quarterly Dividend
10 Octobre 2024 - 11:00PM
Business Wire
The Board of Directors of AptarGroup, Inc. (NYSE: ATR)
authorized the repurchase of up to $500 million of the Company’s
common stock. This new authorization replaces all previous
authorizations. Aptar may repurchase shares through the open
market, privately negotiated transactions or other programs,
subject to market conditions. The Board also declared a quarterly
cash dividend of $0.45 per share. The payment date is November 14,
2024, to stockholders of record as of October 24, 2024.
Stephan Tanda, President and CEO, commented, “Aptar maintains a
balanced approach to capital allocation, focused on returning
capital to shareholders, as well as reinvesting in the business
through capacity expansions and bolt-on acquisitions, aiming to
position the company for continued growth. Over the last five
years, we have returned more than $780 million to our stockholders
through dividends and share repurchases.”
The timing and amounts of any share repurchases will be based on
market conditions and other factors including but not limited to
share price, regulatory requirements and capital availability.
Aptar is not obligated to acquire any minimum dollar amount or
number of shares, and the share repurchase program may be modified,
suspended or discontinued at any time at Aptar’s discretion.
As previously announced, Aptar will hold a conference call on
Friday, October 25, 2024 at 8:00 a.m. Central Time to discuss the
Company’s third quarter results for 2024. The call will last
approximately one hour. Interested parties are invited to listen to
a live webcast by visiting the Investors page at www.aptar.com.
Replay of the conference call can also be accessed for a limited
time on the Investors page of the website.
About Aptar
Aptar is a global leader in drug and consumer product dosing,
dispensing and protection technologies. Aptar serves a number of
attractive end markets including pharmaceutical, beauty, food,
beverage, personal care and home care. Using market expertise,
proprietary design, engineering and science to create innovative
solutions for many of the world’s leading brands, Aptar in turn
makes a meaningful difference in the lives, looks, health and homes
of millions of patients and consumers around the world. Aptar is
headquartered in Crystal Lake, Illinois and has over 13,000
dedicated employees in 20 countries. For more information, visit
www.aptar.com.
This press release contains forward-looking statements,
including without limitation statements regarding the future
dividends and share repurchases. Forward-looking statements
generally can be identified by the fact that they do not relate
strictly to historical or current facts and by use of words such as
“expects,” “anticipates,” “believes,” “estimates,” “future,”
“potential,” “continues” 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 our
beliefs as well as assumptions made by and information currently
available to us. Accordingly, our actual results or other events
may differ materially from those expressed or implied in such
forward-looking statements due to known or unknown risks and
uncertainties that exist in our operations and business environment
including, but not limited to: the successful integration of
acquisitions; the regulatory environment; and competition,
including technological advances. For additional information on
these and other risks and uncertainties, please see our filings
with the Securities and Exchange Commission, including the
discussion under “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in our
Form 10-K and Forms 10-Q. We undertake no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241010892638/en/
Investor Relations Contact:
Mary Skafidas Mary.skafidas@aptar.com +1 347-351-6407
Media Contact: Katie Reardon
katie.reardon@aptar.com +1 815-479-5671
AptarGroup (NYSE:ATR)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
AptarGroup (NYSE:ATR)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024