Avantor Q1 2020 Earnings Report

Avantor's first quarter results reflected the resiliency of its business model, delivering strong revenue and EBITDA growth and outstanding cash generation.

Key Takeaways

Avantor reported a revenue increase of 2.6% to $1.52 billion, with organic growth of 4.1%. Net income increased to $47 million, and adjusted EBITDA grew by 6% to $262.8 million. Adjusted EPS increased by 64% to $0.17, and free cash flow was $240.5 million, a 284% increase. The company withdrew its previously issued guidance due to COVID-19.

Revenue of $1.52 billion, an increase of 2.6%; organic growth of 4.1%.

Net income of $47 million; Adjusted EBITDA $262.8 million, an increase of 6%.

Diluted GAAP EPS $0.05; adjusted EPS $0.17, an increase of 64%.

Operating cash flow $253.1 million; free cash flow $240.5 million, an increase of 284%.

Total Revenue

$1.52B

Previous year: $1.48B

+2.6%

EPS

$0.17

Previous year: -$0.59

-128.8%