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Dec 31, 2023
Avantor Q4 2023 Earnings Report
Avantor reported a decrease in net sales but a solid finish to the year with revenue, margin, and adjusted EPS at the high end of updated guidance, and free cash flow exceeding the top end of the guidance range.
Key Takeaways
Avantor's Q4 2023 results showed a decrease in net sales by 4.0% to $1.72 billion, with a core organic decline of 4.8%. Net income decreased to $98.5 million, but adjusted EBITDA was $302.1 million. Diluted GAAP EPS was $0.15, while adjusted EPS was $0.25. The company's free cash flow for the year exceeded the top end of the guidance range.
Net sales decreased by 4.0% to $1.72 billion; core organic decline of 4.8%.
Net income decreased to $98.5 million; Adjusted EBITDA was $302.1 million.
Diluted GAAP EPS was $0.15; adjusted EPS was $0.25.
Free cash flow for the year exceeded the top end of the guidance range.
Forward Guidance
While seeing encouraging signs from customers and end markets, an inflection point has not yet been seen. Avantor is continuing to take actions that position the company for long-term growth, including advancing their new operating model which unlocks significant operating efficiencies, sharpens focus on accelerating innovation, and builds on the strength of their platform.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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