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Mar 31, 2024
Avantor Q1 2024 Earnings Report
Avantor reported a decrease in net sales but demonstrated margin and profitability outperformance through disciplined execution.
Key Takeaways
Avantor's Q1 2024 results showed a decrease in net sales by 5.6% to $1.68 billion, with an organic decline of 6.3%. Despite the revenue decrease, the company saw outperformance in margins and profitability, with an adjusted EBITDA of $283 million and adjusted EPS of $0.22. The company reaffirmed its fiscal year 2024 guidance.
Net sales decreased by 5.6% to $1.68 billion, with an organic decline of 6.3%.
Net income decreased to $60 million, with an adjusted EBITDA of $283 million.
Diluted GAAP EPS was $0.09, while adjusted EPS was $0.22.
Operating cash flow was $142 million, and free cash flow was $107 million.
Avantor
Avantor
Forward Guidance
Avantor reaffirmed fiscal year 2024 guidance and remain focused on executing our long-term growth strategy.