Avantor(AVTR)
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Avantor(AVTR) - 2024 Q3 - Earnings Call Transcript
2024-10-25 18:52
Avantor Inc. (NYSE:AVTR) Q3 2024 Earnings Conference Call October 25, 2024 8:00 AM ET Company Participants Christina Jones - VP, IR Michael Stubblefield - President and Chief Executive Officer Brent Jones - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Brennan - TD Cowen Douglas Schenkel - Wolfe Research Tycho Peterson - Jefferies Michael Ryskin - Bank of America Vijay Kumar - Evercore ISI Daniel Leonard - UBS Conor McNamara - RBC Capital Markets Daniel Arias - Sti ...
Avantor (AVTR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-25 14:35
Avantor, Inc. (AVTR) reported $1.71 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.3%. EPS of $0.26 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -0.57%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Avantor(AVTR) - 2024 Q3 - Quarterly Report
2024-10-25 13:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ━━━━━━━━━ FORM 10-Q ━━━━━━━━━ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-38912 Avantor, Inc. (Exact name of registrant as specified in its charter) Delaware 82-2758923 ...
Avantor, Inc. (AVTR) Beats Q3 Earnings Estimates
ZACKS· 2024-10-25 12:20
Avantor, Inc. (AVTR) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.25, delivering a surprise of 8.70%.Over the last four quarters, the company has sur ...
Avantor(AVTR) - 2024 Q3 - Quarterly Results
2024-10-25 10:19
Exhibit 99.1 Avantor® Reports Third Quarter 2024 Results • Net sales of $1.71 billion, decrease of 0.3%; organic decline of 0.7% • Net income of $57.8 million; Adjusted EBITDA of $302.5 million • Diluted GAAP EPS of $0.08; adjusted EPS of $0.26 • Operating cash flow of $244.8 million; free cash flow of $204.0 million RADNOR, Pa. – October 25, 2024 – Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology indust ...
Avantor® Reports Third Quarter 2024 Results
Prnewswire· 2024-10-25 10:05
Net sales of $1.71 billion, decrease of 0.3%; organic decline of 0.7% Net income of $57.8 million; Adjusted EBITDA of $302.5 million Diluted GAAP EPS of $0.08; adjusted EPS of $0.26 Operating cash flow of $244.8 million; free cash flow of $204.0 millionRADNOR, Pa., Oct. 25, 2024 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology industries, today reported financial results for its third fi ...
Avantor® Strengthens Partnership with National Institute for Bioprocessing Research and Training (NIBRT) to Address Critical Biopharma Industry Challenges
Prnewswire· 2024-10-23 12:05
Avantor and NIBRT have formed a new partnership to supply advanced Masterflex® equipment, essential products, and expert training to foster innovations in biopharma manufacturing RADNOR, Pa., Oct. 23, 2024 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology industries, today announced an expanded partnership with the National Institute for Bioprocessing Research and Training (NIBRT). The new ...
AVTR Stock Flat Following the Close of Divestiture Deal With Audax
ZACKS· 2024-10-21 18:30
Avantor, Inc. (AVTR) recently announced that it has closed the divestiture of its clinical services business to Audax Private Equity (Audax) in a transaction valued at approximately $650 million. The transaction not only strengthens AVTR's balance sheet and reduces interest expenses but also enables the company to sharpen its focus on strategic growth opportunities in its lab and production businesses. Likely Trend of AVTR Stock Following the News Following the announcement, shares of the company closed fla ...
Avantor® Closes Previously Announced Divestiture of its Clinical Services Business
Prnewswire· 2024-10-18 11:05
RADNOR, Pa., Oct. 18, 2024 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology industries, announced that it has closed the divestiture of its clinical services business to Audax Private Equity in a transaction valued at approximately $650 million. Avantor expects the transaction to result in approximately $500 million in after-tax cash proceeds and a reduction of approximately $50 million i ...
MD vs. AVTR: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-10-02 16:46
Investors looking for stocks in the Medical Services sector might want to consider either Pediatrix Medical Group (MD) or Avantor, Inc. (AVTR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphas ...