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AptarGroup ATR Corporate & Other, unallocated — Restructuring initiatives

Discontinued — last reported Q1 '23

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Other financials

Income statement

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Revenue$982.9M+10.8%
Gross profit$351.9M+4.6%
Operating income$107.5M-5.2%
Net income$72.7M-7.8%
EPS (diluted)$1.12-4.3%

Balance sheet

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Cash & equivalents$225.0M+78.8%
Total debt$1.4B+32.7%
Total equity$2.6B+3.6%
Total assets$5.1B+12.6%

Cash flow

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Operating cash flow$118.7M+43.5%
CapEx$65.4M+15.0%
Free cash flow$53.3M+106%

Valuation

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Market cap$7.68B-17.9%
Enterprise value$8.89B-13.9%
P/E19.9×-5.4×
P/S-0.6×

Profitability

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Gross margin36.7%-1.6pp
Operating margin12.8%-1.2pp
Net margin10%-0.4pp
FCF margin8.4%-2.1pp

Returns & leverage

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Return on equity15%-0.2pp
Debt / equity0.5×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Reported directly by AptarGroup in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: AptarGroup’s 10-Q, filed April 28, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AptarGroup's corporate & other, unallocated — restructuring initiatives?
AptarGroup (ATR) reported corporate & other, unallocated — restructuring initiatives of $580K in Q1 2023.
What does corporate & other, unallocated — restructuring initiatives mean?
The total expenses incurred for corporate-level organizational changes, such as layoffs or facility closures, intended to improve future profitability.
How do you interpret corporate & other, unallocated — restructuring initiatives?
Higher costs indicate active transformation or downsizing efforts, which may lead to future margin expansion but represent immediate cash outflows.
How does corporate & other, unallocated — restructuring initiatives compare across companies?
Comparable to 'Restructuring Charges' or 'Special Items' reported by industrial peers, often evaluated by investors to determine the quality of earnings and the success of turnaround or optimization strategies.