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Mar 31, 2023
Avantor Q1 2023 Earnings Report
Avantor's Q1 2023 results were reported, showing a decrease in net sales but solid performance in a dynamic operating environment.
Key Takeaways
Avantor reported a decrease in net sales by 8.7% to $1.78 billion, with a core organic decline of 1.8%. Net income decreased to $121.5 million, and adjusted EBITDA was $346.2 million. Diluted GAAP EPS was $0.18, while adjusted EPS was $0.29.
Net sales decreased by 8.7% to $1.78 billion; core organic decline of 1.8%.
Net income decreased to $121.5 million; Adjusted EBITDA was $346.2 million.
Diluted GAAP EPS was $0.18; adjusted EPS was $0.29.
Operating cash flow was $219.5 million; free cash flow was $191.5 million.
Avantor
Avantor
Forward Guidance
No forward guidance was provided in the press release.