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Sep 30, 2023
Avantor Q3 2023 Earnings Report
Reported third quarter results in line with guidance, with stable end market conditions and disciplined execution driving free cash flow conversion and debt paydown.
Key Takeaways
Avantor reported Q3 2023 results, with net sales of $1.72 billion, a decrease of 7.3%. Core organic sales declined by 7.9%. Net income was $108.4 million, and Adjusted EBITDA was $317.8 million. Diluted GAAP EPS was $0.16, while adjusted EPS was $0.25. Operating cash flow was $230.7 million, and free cash flow was $193.0 million.
Net sales of $1.72 billion, a decrease of 7.3%; core organic decline of 7.9%.
Net income of $108.4 million; Adjusted EBITDA of $317.8 million.
Diluted GAAP EPS of $0.16; adjusted EPS of $0.25.
Operating cash flow of $230.7 million; free cash flow of $193.0 million.