Avantor narrows Q3 revenue guidance to ~$1.84-1.85B; cuts acquisition contribution to $400M

Avantor, Inc.

Q3 total net sales expected ~$1,840M-$1,850M, including $400M from recent acquisitions (down from $450M).
Core organic net sales growth of 3%-4% in Q3, accelerating from 2.3% in Q2 2022.
Cites FX, COVID headwinds, supply chain constraints, and softening European industrial demand.
H1 2022 delivered ~7% core organic growth, >140 bps Adjusted EBITDA margin expansion, and 13% adj. net income growth.

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