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v3.25.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information Regarding the Company's Reportable Segments | Financial information regarding our reporting segments is shown below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Total Sales: |  |  |  |  |  |  |
Aptar Pharma | $ | 442,817 |  |  | $ | 414,783 |  |  | $ | 852,514 |  |  | $ | 822,273 |
Aptar Beauty | 342,251 |  |  | 328,700 |  |  | 654,552 |  |  | 663,580 |
Aptar Closures | 190,278 |  |  | 176,981 |  |  | 364,199 |  |  | 359,678 |
Total Sales | $ | 975,346 |  |  | $ | 920,464 |  |  | $ | 1,871,265 |  |  | $ | 1,845,531 |
Less: Intersegment Sales: |  |  |  |  |  |  |
Aptar Pharma | $ | 228 |  |  | $ | 250 |  |  | $ | 458 |  |  | $ | 447 |
Aptar Beauty | 7,402 |  |  | 7,213 |  |  | 13,996 |  |  | 14,773 |
Aptar Closures | 1,707 |  |  | 2,938 |  |  | 3,497 |  |  | 4,800 |
Total Intersegment Sales | $ | 9,337 |  |  | $ | 10,401 |  |  | $ | 17,951 |  |  | $ | 20,020 |
Net Sales: |  |  |  |  |  |  |
Aptar Pharma | $ | 442,589 |  |  | $ | 414,533 |  |  | $ | 852,056 |  |  | $ | 821,826 |
Aptar Beauty | 334,849 |  |  | 321,487 |  |  | 640,556 |  |  | 648,807 |
Aptar Closures | 188,571 |  |  | 174,043 |  |  | 360,702 |  |  | 354,878 |
Net Sales | $ | 966,009 |  |  | $ | 910,063 |  |  | $ | 1,853,314 |  |  | $ | 1,825,511 |
Less: |  |  |  |  |  |  |
Cost of Sales (exclusive of depreciation and amortization): |  |  |  |  |  |  |
Aptar Pharma | 224,879 |  |  | 213,795 |  |  | 430,016 |  |  | 427,542 |
Aptar Beauty | 241,378 |  |  | 229,553 |  |  | 465,426 |  |  | 467,525 |
Aptar Closures | 133,362 |  |  | 125,087 |  |  | 255,753 |  |  | 256,423 |
Selling, Research & Development and Administrative: |  |  |  |  |  |  |
Aptar Pharma | 60,703 |  |  | 59,511 |  |  | 123,186 |  |  | 121,104 |
Aptar Beauty | 48,738 |  |  | 48,278 |  |  | 95,150 |  |  | 96,906 |
Aptar Closures | 23,858 |  |  | 22,397 |  |  | 46,870 |  |  | 45,062 |
Other Segment Items: |  |  |  |  |  |  |
Aptar Pharma | 176 |  |  | (261) |  |  | (427) |  |  | (486) |
Aptar Beauty | (2,340) |  |  | (982) |  |  | (4,231) |  |  | (1,396) |
Aptar Closures | (532) |  |  | (559) |  |  | (1,064) |  |  | (886) |
Adjusted EBITDA (1): |  |  |  |  |  |  |
Aptar Pharma | $ | 156,831 |  |  | $ | 141,488 |  |  | $ | 299,281 |  |  | $ | 273,666 |
Aptar Beauty | 47,073 |  |  | 44,638 |  |  | 84,211 |  |  | 85,772 |
Aptar Closures | 31,883 |  |  | 27,118 |  |  | 59,143 |  |  | 54,279 |
Adjusted EBITDA for Reportable Segments | $ | 235,787 |  |  | $ | 213,244 |  |  | $ | 442,635 |  |  | $ | 413,717 |
Corporate & Other, unallocated | (17,378) |  |  | (20,476) |  |  | (40,889) |  |  | (42,117) |
Acquisition-related costs (2) | (344) |  |  | (140) |  |  | (344) |  |  | (140) |
Restructuring Initiatives (3) | (1,579) |  |  | (2,315) |  |  | (3,621) |  |  | (5,795) |
Net unrealized investment gain (loss) (4) | 2,102 |  |  | (140) |  |  | 1,006 |  |  | 452 |
Depreciation and amortization | (69,904) |  |  | (64,968) |  |  | (135,551) |  |  | (129,317) |
Interest Expense | (10,850) |  |  | (10,061) |  |  | (22,201) |  |  | (20,236) |
Interest Income | 1,880 |  |  | 3,102 |  |  | 4,694 |  |  | 6,000 |
Income before Income Taxes | $ | 139,714 |  |  | $ | 118,246 |  |  | $ | 245,729 |  |  | $ | 222,564 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and Amortization: |  |  |  |  |  |  |
Aptar Pharma | $ | 34,169 |  |  | $ | 29,609 |  |  | $ | 65,317 |  |  | $ | 58,411 |
Aptar Beauty | 21,475 |  |  | 20,526 |  |  | 41,537 |  |  | 41,754 |
Aptar Closures | 13,447 |  |  | 14,254 |  |  | 27,022 |  |  | 27,785 |
Depreciation and Amortization for Reportable Segments | 69,091 |  |  | 64,389 |  |  | 133,876 |  |  | 127,950 |
Corporate & Other | 813 |  |  | 579 |  |  | 1,675 |  |  | 1,367 |
Depreciation and Amortization | $ | 69,904 |  |  | $ | 64,968 |  |  | $ | 135,551 |  |  | $ | 129,317 |
________________________________________________ (1)We evaluate performance of our reporting segments and allocate resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, restructuring initiatives, acquisition-related costs, net unrealized investment gains and losses related to observable market price changes on equity securities and other special items. (2)Acquisition-related costs include transaction costs (and purchase accounting adjustments related to acquisitions and investments). (3)Restructuring Initiatives includes expense items for the three and six months ended June 30, 2025 and 2024 as follows (see Note 18 – Restructuring Initiatives for further details):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Restructuring Initiatives by Plan: |  |  |  |  |  |  |
Optimization initiative | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,812 |
Prior year initiatives | — |  |  | — |  |  | — |  |  | (17) |
Total Restructuring Initiatives | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,795 |
Restructuring Initiatives by Segment: |  |  |  |  |  |  |
Aptar Pharma | $ | 68 |  |  | $ | 65 |  |  | $ | 258 |  |  | $ | 89 |
Aptar Beauty | 626 |  |  | 1,199 |  |  | 1,021 |  |  | 3,909 |
Aptar Closures | 890 |  |  | 893 |  |  | 2,242 |  |  | 1,653 |
Corporate & Other | (5) |  |  | 158 |  |  | 100 |  |  | 144 |
Total Restructuring Initiatives | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,795 |
(4)Net unrealized investment gain (loss) represents the change in fair value of our investment in PCT (see Note 17 – Investment in Equity Securities for further details).
Schedule of Restructuring Initiatives | Restructuring Initiatives includes expense items for the three and six months ended June 30, 2025 and 2024 as follows (see Note 18 – Restructuring Initiatives for further details):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Restructuring Initiatives by Plan: |  |  |  |  |  |  |
Optimization initiative | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,812 |
Prior year initiatives | — |  |  | — |  |  | — |  |  | (17) |
Total Restructuring Initiatives | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,795 |
Restructuring Initiatives by Segment: |  |  |  |  |  |  |
Aptar Pharma | $ | 68 |  |  | $ | 65 |  |  | $ | 258 |  |  | $ | 89 |
Aptar Beauty | 626 |  |  | 1,199 |  |  | 1,021 |  |  | 3,909 |
Aptar Closures | 890 |  |  | 893 |  |  | 2,242 |  |  | 1,653 |
Corporate & Other | (5) |  |  | 158 |  |  | 100 |  |  | 144 |
Total Restructuring Initiatives | $ | 1,579 |  |  | $ | 2,315 |  |  | $ | 3,621 |  |  | $ | 5,795 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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