Avantor Q4 2022 Earnings Report
Key Takeaways
Avantor's fourth quarter results met expectations, demonstrating core organic growth across all regions and strong margin expansion despite macroeconomic pressures. Full-year results reflected the strength of the core business, with 6% core organic growth in bioproduction, adjusted EBITDA margin expansion, and a double-digit increase in adjusted net income.
Net sales decreased by 5.9% to $1.80 billion, with core organic growth of 2.7%.
Net income increased to $141.7 million, with adjusted EBITDA of $359.5 million.
Diluted GAAP EPS was $0.21, and adjusted EPS was $0.32.
Operating cash flow was $205.6 million, with free cash flow of $172.0 million.
Avantor
Avantor
Avantor Revenue by Geographic Location
Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income