EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

Basic net income per share is calculated by dividing net income attributable to Aptar by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing the net income attributable to Aptar by the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to stock-based compensation awards. Stock-based compensation awards for which total employee proceeds exceed the average market price over the applicable period would have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share. The reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024 were as follows:



	Three Months Ended
	June 30, 2025				June 30, 2024
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	111,720	$	111,720	$	90,454	$	90,454

Average equivalent shares
Shares of common stock	65,995		65,995		66,312		66,312
Effect of dilutive stock-based compensation
Stock options	568		—		774		—
Restricted stock	485		—		489		—
Total average equivalent shares	67,048		65,995		67,575		66,312
Net income per share	$	1.67	$	1.69	$	1.34	$	1.36


	Six Months Ended
	June 30, 2025				June 30, 2024
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	190,518	$	190,518	$	173,558	$	173,558

Average equivalent shares
Shares of common stock	66,132		66,132		66,188		66,188
Effect of dilutive stock-based compensation
Stock options	579		—		783		—
Restricted stock	551		—		538		—
Total average equivalent shares	67,262		66,132		67,509		66,188
Net income per share	$	2.83	$	2.88	$	2.57	$	2.62

APTARGROUP, INC. 10-Q