earnings
confidence high
sentiment negative
materiality 0.75
Avantor Q1 net sales $1.78B, down 8.7% YoY; adjusted EPS $0.29
Avantor, Inc.
2023-Q1 EPS reported
$0.18
revenue$1,780,300,000
- Net sales $1.78B, down 8.7% YoY; core organic sales decline 1.8% (ex-COVID).
- GAAP net income $121.5M ($0.18 EPS); adjusted net income $195.4M ($0.29 adjusted EPS).
- Adjusted EBITDA $346.2M (19.4% margin); free cash flow $191.5M.
- Americas sales $1,032.0M (-9.7% reported, core organic -3.7%); Europe $630.2M (-7.4%, +1.0% core); AMEA $118.1M (-6.7%, +1.0% core).
- Adjusted net leverage 3.8X; within target range of 2X-4X.