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Sep 30, 2021
Avantor Q3 2021 Earnings Report
Reported strong Q3 2021 results with double-digit revenue growth and margin expansion.
Key Takeaways
Avantor reported strong third-quarter results with net sales of $1.83 billion, a 14.3% increase compared to the third quarter of 2020. Net income increased to $156.8 million, and adjusted EBITDA increased 25.8% to $359.2 million.
Net sales of $1.83 billion, increase of 14.3%; organic revenue growth of 10.2%
Net income of $156.8 million; Adjusted EBITDA of $359.2 million
Diluted GAAP EPS of $0.24; adjusted EPS of $0.35
Operating cash flow of $261.9 million; free cash flow of $229.3 million
Avantor
Avantor
Forward Guidance
The company raised its guidance for full year results.