secwatch.observer — SEC 8-K summary
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Issuer:     Avantor, Inc. (AVTR)
CIK:        0001722482
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001722482-23-000156
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722482/000172248223000156/0001722482-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722482/000172248223000156/avtr-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001722482-23-000156

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer