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APTARGROUP, INC. REPORTS INCREASE IN FIRST QUARTER EARNINGS

 CRYSTAL LAKE, Ill., May 5 /PRNewswire/ -- AptarGroup, Inc., (NYSE: ATR) today reported income for the quarter ended March 31, 1993, of $6,036,000 before an accounting change, an increase of 14 percent when compared to the prior year first quarter results of $5,285,000. Sales for the first quarter 1993 were $95,210,000 as compared to $91,582,000 for 1992, an increase of four percent. Net income after the accounting change was $7,436,000, an increase of 41 percent from the prior year's level. First quarter 1993 net income was favorably impacted by a one-time adjustment relating to income taxes of $1,400,000 as a result of the company's adoption of FAS109.
 On April 22, Pittway Corp. and AptarGroup jointly announced the completion of the tax-free spinoff of AptarGroup (formerly Seaquist Group) from Pittway. Immediately after the spinoff, AptarGroup acquired 65 percent of the Pfeiffer Group that it did not already own in exchange for the issuance of 1,286,341 shares of AptarGroup stock and the possible issuance of certain additional shares in the future. At the same time, AptarGroup acquired certain minority interests in its European operations in exchange for 852,201 shares of AptarGroup stock.
 On a pro forma basis (Seaquist Group plus the Pfeiffer Group and the minority interest acquisitions), income for the first quarter of 1993 before the accounting change increased by 13 percent, to $5,743,000, or $.36 per share, from $5,105,000, or $.32 per share for the same period a year ago. Pro forma sales totaled $111,081,000, up 2 percent from $109,131,000 in the prior year. First quarter pro forma net income after the accounting change was $7,143,000, up 40 percent from the prior year. Pro forma net income was favorably impacted by a one-time adjustment relating to income taxes as a result of adopting FAS109.
 Commenting on the first quarter results, Ervin J. LeCoque, chairman and chief executive officer, said, "Our North American operations posted solid gains in net sales and operating profits. We achieved record dispensing closure volumes during the quarter. Also, our EuroMist pump, which is targeted at the personal care market, continued to show strong increases in volume.
 "Sales of our pump and aerosol valves to the pharmaceutical industry in Europe continued to increase. The overall weak European economy affected sales of our pumps to the fragrance/cosmetic industry. Continued focus on controlling costs and improving overall efficiencies contributed to the improvement of operating profits at all of our major operations in Europe.
 "The Pfeiffer Group's operating profit on pump product sales improved due to cost controls and improvements in efficiencies. Pfeiffer Group's results were negatively impacted by weak sales of closures, particularly in the German marketplace during the quarter."
 AptarGroup manufactures, designs, and sells pumps, aerosol valves, and closures for personal care, fragrance/cosmetic, pharmaceutical, household, and food products. AptarGroup is headquartered in Crystal Lake, Ill., with manufacturing facilities primarily in the United States and Europe.
 APTARGROUP, INC.
 SUMMARY OF COMBINED INCOME
 FOR THE QUARTERS ENDED MARCH 31, 1993 AND 1992
 (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
 HISTORICAL 1993 1992
 Net Sales $ 95,210 $ 91,582
 Operating Income $ 11,474 $ 9,876
 Pre-Tax Income $ 9,774 $ 8,309
 Provision for Income Taxes 3,738 3,024
 Income Before Effect of Change
 in Accounting Principle $ 6,036 $ 5,285
 Cumulative Effect of Change
 in Accounting for Income Taxes $ 1,400 --
 Net Income $ 7,436 $ 5,285
 PRO FORMA
 Net Sales $111,081 $109,131
 Operating Income $ 12,716 $ 10,555
 Pre-Tax Income $ 9,909 $ 7,868
 Provision for Income Taxes 4,166 2,763
 Income Before Effect of Change
 in Accounting Principle $ 5,743 $ 5,105
 Cumulative Effect of Change in
 Accounting for Income Taxes $ 1,400 $ --
 Net Income $ 7,143 $ 5,105
 Pro forma net income per share of common stock (based on 16,080,000 shares of common stock outstanding)
 Income before Cumulative Effect
 of Change in Accounting for Income Taxes $ .36 $ .32
 Cumulative Effect of Change in
 Accounting for Income Taxes .08 --
 Net Income $ .44 $ .32
 -0- 5/5/93
 /CONTACT: Steve Hagge of AptarGroup, Inc., 815-477-0424, or Joe Kopec of Edelman Worldwide, 312-649-6915, for AptarGroup/
 (ATR)


CO: AptarGroup, Inc. ST: Illinois IN: SU: ERN

PS -- NY016 -- 2197 05/05/93 08:16 EDT
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Date:May 5, 1993
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