•
Mar 31, 2020
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%.
Avantor
Avantor
Forward Guidance
The Company is withdrawing previously issued guidance due to COVID-19