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Mar 31, 2021
Avantor Q1 2021 Earnings Report
Avantor's Q1 2021 results reflected continued momentum and the relevance and value of its business model.
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.
Forward Guidance
The Company is on track to achieve its free cash flow guidance of over $800 million for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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