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Sep 30, 2020
Avantor Q3 2020 Earnings Report
Reported strong Q3 2020 results driven by the resilience of its integrated business model and the team's ability to execute in a challenging environment.
Key Takeaways
Avantor reported a 6.7% increase in revenue to $1.605 billion, with organic growth of 5.4%. Adjusted EBITDA increased by 14% to $285.6 million, and adjusted EPS rose by 63% to $0.24. The company experienced a net loss of $42.2 million, impacted by a loss on debt extinguishment.
Revenue increased by 6.7% to $1.605 billion, with organic growth of 5.4%.
Adjusted EBITDA increased approximately 14% to $285.6 million, with margin expansion of 112 basis points.
Adjusted EPS increased approximately 63% to $0.24.
Generated $623.8 million of operating cash flow and $582.4 million of free cash flow year-to-date, representing increases of 133.6% and 156%, respectively.
Avantor
Avantor
Forward Guidance
No forward guidance provided in this report.