Aptargroup Inc (ATR) Q4 2019 Earnings Call Transcript

Aptargroup Inc (ATR) Q4 2019 Earnings Call Transcript

Introducing today's conference call is Mr. Matt DellaMaria, Senior Vice President, Investor Relations and Communications.. Participating on our call today are Stephan Tanda President and Chief Executive Officer and Bob Kuhn, Executive Vice President and Chief Financial Officer, Secretary.. We are also continuously assessing the impact that the crisis will have on our business in the first quarter and beyond.. We may see a positive impact to our business for pumps and closures for sanitizing and antibacterial products, but it is also still too early to tell.. Our Pharma segment had a good fourth quarter and benefited from strong growth in our consumer healthcare market, injectable and active packaging markets.. Now let me turn to the Beauty and Home segment results starting on slide 7.. As we saw in the previous quarter, this segment faced considerable challenges from weak demand from the personal care market, including customer destocking.. Aligned with our drive toward a circular economy, starting this year in North America, we are converting our portfolio stock black closures to post-consumer recycled resin.. We are taking the next steps in our ongoing business transformation.. We've decided to close our Stratford and Torrington, Connecticut sites and absorb and rationalize these