AptarGroup, Inc.

Thank you for your patience. The Aptars 2022 first quarter conference call is going to be starting in around one minute's time. Thank you for standing by. Thank you. Ladies and gentlemen, thank you for standing by. Welcome to ACT-R's 2022 first quarter conference call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. Introducing today's conference call is Mr. Matt Della Maria, Senior Vice President, Investor Relations and Communications. Please go ahead, sir.

Thank you. Hello, everyone. Thanks for being with us today. Joining me on today's call are Stephan Tanda, President and CEO, and Bob Kuhn, Executive Vice President and CFO. Our press release and accompanying slide deck have been posted to our website, If you are following along on our website, you can advance the slides by hovering over the presentation screen and clicking on the arrows on the right and left. As always, we will post a replay of this call on the website. Today's call includes some forward-looking statements. Please refer to our SEC filings to review factors that could cause actual results to differ materially from what we are discussing today. I would now like to turn the conference call over to Stephan.

Thanks, Matt, and good morning, everyone. We appreciate you joining us today, and I hope you're doing well. Turning to slide three, as highlighted in our press release, we reported very good performance in the first quarter with core and reported sales growth in each of our segments, resulting in total reported sales for AFTAR increasing 9% and core sales increasing 13%. Before I cover our segment results, I would like to spend a few moments talking about our continued resiliency as a company during this uncertain economic environment where we face pandemic uncertainties, rising inflation, supply chain issues in China. To briefly comment on the latter two subjects, the invasion and ongoing war in Ukraine, and our hearts in solidarity go out to everyone who is unfairly caught up in the midst of the tragic events unfolding. Outbreaks and lockdowns in China, we are focused on the health and safety of our employees, and we are updating our COVID-19 protocols where needed. While only a few of our facilities have been closed thus far, we are closely monitoring the impact on consumer consumption levels and demand patterns. Neither the war in Ukraine nor China have had a significant direct impact on our first quarter results. However, we are seeing indirect effects, including soaring emissions in both regions. We will continue to monitor the evolving situation as necessary to serve patients, consumers, and customers to the best of our abilities.