Avantor

Jul 29, 2020

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Jun 30, 2020

Avantor Q2 2020 Earnings Report

Avantor's Q2 2020 results demonstrated the resiliency of its business model, with Adjusted EBITDA growth and strong cash generation despite a modest organic revenue decline impacted by the COVID-19 pandemic.

Key Takeaways

Avantor reported Q2 2020 results with revenue of $1.48 billion, a 3.5% decline. Net income increased to $60.2 million, and adjusted EPS increased 32.5% to $0.19. The company achieved Adjusted EBITDA growth and strong cash generation despite a modest organic revenue decline. They also refinanced $2B unsecured notes lowering associated interest payments by 50%.

Revenue of $1.48 billion, declining 3.5%; organic decline of 2.0%

Net income of $60.2 million; Adjusted EBITDA $273.3 million, Adjusted EBITDA expansion of 94 basis points

Diluted GAAP EPS $0.08; adjusted EPS $0.19, increase of 32.5%

YTD Free Cash Flow $316.2 million, increase of 641%

Total Revenue

$1.48B

Previous year: $1.53B