Avantor Q1 2021 Earnings Report
Key Takeaways
Avantor reported strong first quarter results with a 17.5% increase in revenue to $1.79 billion and a 248.9% increase in net income to $164.0 million. Adjusted EBITDA increased 38.2% to $363.1 million. The company is on track to achieve its free cash flow guidance of over $800 million for the full year.
Revenue of $1.79 billion, an increase of 17.5%; organic revenue growth of 13.5%.
Net income increased 248.9% to $164.0 million; Adjusted EBITDA increased 38.2% to $363.1 million.
Diluted GAAP EPS was $0.25; adjusted EPS was $0.35.
Operating cash flow was $126.9 million; free cash flow was $111.8 million.
Avantor
Avantor
Avantor Revenue by Geographic Location
Forward Guidance
The Company is on track to achieve its free cash flow guidance of over $800 million for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income