Page 1

Aptar Aptar Reports Second Quarter 2021 Results Crystal Lake , Illinois , July 29 , 2021 -- AptarGroup , Inc. ( NYSE : ATR ) , a global leader in drug delivery , consumer product dispensing and active material science solutions , today reported second quarter results for 2021 . Second Quarter 2021 Summary • Reported sales grew 16 % driven by strong core sales growth and positive currency effects • • • • • • Core sales ( excluding currency effects ) increased 10 % mainly on double digit core growth in Beauty + Home and Food + Beverage , driven by increased demand for our innovative dispensing solutions along with price adjustments related to rising input costs Reported earnings per share totaled $ 0.81 ( an increase of 29 % compared to the prior year ) Adjusted earnings per share , excluding restructuring charges , acquisition costs and the loss on an equity investment , totaled $ 0.91 ( an increase of 7 % compared to the prior year when neutralizing currency effects ) Reported net income totaled $ 55 million for the second quarter ( an increase of 32 % compared to the prior year ) and $ 139 million year - to - date ( an increase of 43 % compared to the prior year ) Adjusted EBITDA totaled $ 148 million for the second quarter ( an increase of 8 % compared to the prior year ) and $ 300 million year - to - date ( an increase of 7 % compared to the prior year ) Cash flow from operations was $ 176 million in the first half of 2021 ( a decrease of 23 % compared to the prior year ) Free cash flow was $ 39 million in the first half of 2021 ( a decrease of 63 % compared to the prior year ) primarily due to increased investments for growth ( capital expenditures and working capital ) ● Subsequent to the end of the quarter , the Company announced : ○ A share purchase agreement regarding the acquisition of a majority stake in Voluntis , a pioneer in digital therapeutics A strategic collaboration with YAT , a Chinese online skincare company , to develop a range of products and services for the skincare market 1