earnings
confidence high
sentiment neutral
materiality 0.75
Avantor Q3 net sales $1.71B (-0.3%), net income $57.8M, raises FCF guidance
Avantor, Inc.
2024-Q3 EPS reported
$0.31
revenue$5,097,000,000
- Net sales $1,714.4M, down 0.3% reported; organic decline 0.7%; currency tailwind of 0.4%.
- GAAP diluted EPS $0.08; adjusted EPS $0.26; adjusted EBITDA $302.5M (17.6% margin).
- Lab Solutions sales +1.1% reported (+0.6% organic); Bioscience Production -3.2% (-3.5% organic).
- Operating cash flow $244.8M; free cash flow $204.0M; management raised full-year FCF guidance.
- Adjusted net leverage 3.8x; bioprocessing outperformance and cost programs ahead of plan.