Avantor Q2 net sales $1.74B, down 8.7%; GAAP EPS ($0.01), adjusted EPS $0.28; net loss $7.3M

Avantor, Inc.

2023-Q2 EPS reported $0.17 revenue$3,524,200,000

Net sales $1.74B, core organic decline 6.5%; net loss $7.3M vs income $187.4M YoY.
Diluted GAAP EPS ($0.01), adjusted EPS $0.28; adjusted EBITDA $343.0M, margin 19.7%.
Americas sales $1.0256B (-11.3%); Europe $606.9M (-2.7%); AMEA $111.4M (-14.4%).
Non-cash impairment ~$160M on Ritter assets due to high customer inventory and spending slowdown.
Operating cash flow $168.2M; free cash flow $138.1M; repaid >$400M debt H1; upsized revolver to $975M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Avantor, Inc. reported the second quarter ended June 30, 2023 results: revenue $1.74 billion, net income ($7.3) million, EPS ($0.01).

Period: the second quarter ended June 30, 2023
Revenue: $1.74 billion
Net income: ($7.3) million
EPS: ($0.01)
Result: reported results

Exact text from the filing

Act of 1933, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Avantor® Reports Second Quarter 2023 Results • Net sales of $1.74 billion, decrease of 8.7%; core organic decline of 6.5% • Net income of ($7.3) million; Adjusted EBITDA of $343.0 million • Diluted GAAP EPS of ($0.01); adjusted EPS of $0.28 • Operating

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Avantor, Inc. filing history →

Source: SEC EDGAR

accession 0001722482-23-000156

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