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Dec 31, 2022
Avantor Q4 2022 Earnings Report
Avantor reported fourth quarter results in line with expectations, with core organic growth across all regions and strong margin expansion.
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
Forward Guidance
No forward guidance was provided in the press release.