earnings
confidence high
sentiment neutral
materiality 0.65
Avantor reports Q2 net sales down 2.4% to $1.70B; GAAP EPS $0.14, adjusted $0.25
Avantor, Inc.
2024-Q2 EPS reported
$0.22
revenue$3,382,600,000
- Net sales $1.70B, down 2.4% YoY; organic decline 2.0% after FX impact.
- Net income $93M vs ($7.3M) loss Q2 2023; GAAP diluted EPS $0.14, adjusted EPS $0.25.
- Adjusted EBITDA $306M (17.9% margin); free cash flow $235M with >100% conversion.
- Lab Solutions sales $1,155.7M (-3.2% reported), Bioscience Production $547.1M (-0.5%).
- Fiscal 2024 guidance reaffirmed; adjusted net leverage 3.9x as of June 30.