earnings
confidence high
sentiment positive
materiality 0.85
Avantor Q2 beats: EPS $0.37 adjusted, revenue $1.91B, core organic growth 6.4%
Avantor, Inc.
2022-Q2 EPS reported
$0.55
revenue$3,860,900,000
- Net sales $1.91B (+2.8% reported; core organic +6.4%); adjusted EBITDA $404.1M (+10.2%), margin 21.2% (+140bps).
- Diluted GAAP EPS $0.28, adjusted EPS $0.37; net income $187.4M vs $157.8M prior year.
- Operating cash flow $227.5M, free cash flow $191.2M; adjusted net leverage reduced to 3.9X.
- Americas core organic +8.1%, Europe +4.7%, AMEA -0.3%; segment EBITDA margins all improved.
- CEO cites strong bioproduction growth (+20% core organic) and expects continued momentum in H2.