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Avantor® Enters into Definitive Agreement to Divest Clinical Services Business to Audax Private Equity
Prnewswire· 2024-08-16 11:35
Accelerates ongoing business transformation and sharpens Avantor's strategic focus Strengthens balance sheet with proceeds to be used for debt paydownRADNOR, Pa., Aug. 16, 2024 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies industries, today announced the signing of a definitive agreement to divest its clinical services business, including kitting, biorepository, and related equipment ...
Avantor's (AVTR) Q2 Earnings Beat, Operating Margin Declines
ZACKS· 2024-07-29 17:51
Avantor, Inc. (AVTR) reported second-quarter 2024 adjusted earnings per share (EPS) of 25 cents, down 10.7% year over year. The bottom line however surpassed the Zacks Consensus Estimate by 2%.GAAP EPS for the quarter was 14 cents against a loss of 1 cent in the year-ago period.Revenue DetailsRevenues grossed $1.7 billion in the reported quarter, down 2.4% year over year. The metric also missed the Zacks Consensus Estimate.Foreign currency translation had a negative impact of 0.4% in the reported quarter, r ...
Avantor Analysts Increase Their Forecasts After Better-Than-Expected Earnings
Benzinga· 2024-07-29 13:11
Avantor, Inc. AVTR reported better-than-expected second-quarter earnings results on Friday.Avantor posted adjusted earnings of 25 cents per share, beating market estimates of 23 cents per share. The company posted sales of $1.703 billion, in-line with estimates, according to data from Benzinga Pro.“Our teams delivered another solid quarter with sequential improvements to all key financial metrics. Improved mix from increased bioprocessing revenue together with the accelerated impact of our cost transformati ...
Avantor(AVTR) - 2024 Q2 - Earnings Call Presentation
2024-07-26 14:59
(Vavantor™ Q2 2024 Earnings EARNINGS PRESENTATION July 26, 2024 AVTR LISTED NYSE Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking s ...
Avantor(AVTR) - 2024 Q2 - Earnings Call Transcript
2024-07-26 14:59
Avantor Inc. (NYSE:AVTR) Q2 2024 Earnings Conference Call July 26, 2024 8:00 AM ET Company Participants Christina Jones - VP, IR Michael Stubblefield - President & CEO Brent Jones - EVP & CFO Conference Call Participants Vijay Kumar - Evercore ISI Tycho Peterson - Jefferies Douglas Schenkel - Wolfe Research Daniel Brennan - TD Cowen Rachel Vatnsdal - JPMorgan Michael Ryskin - Bank of America Jack Meehan - Nephron Research Matthew Sykes - Goldman Sachs Conor McNamara - RBC Capital Markets Luke Sergott - Barc ...
Avantor(AVTR) - 2024 Q2 - Quarterly Report
2024-07-26 13:02
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 June 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 (Stat ...
Avantor, Inc. (AVTR) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-26 12:15
Avantor, Inc. (AVTR) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.70%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%.Over the last four quarters, the company has su ...
Avantor(AVTR) - 2024 Q2 - Quarterly Results
2024-07-26 10:21
Exhibit 99.1 Avantor® Reports Second Quarter 2024 Results • Net sales of $1.70 billion, decrease of 2.4%; organic decline of 2.0% • Net income of $93 million; Adjusted EBITDA of $306 million • Diluted GAAP EPS of $0.14; adjusted EPS of $0.25 • Operating cash flow of $281 million; free cash flow of $235 million RADNOR, Pa. – July 26, 2024 – Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology industries, toda ...
Avantor® Reports Second Quarter 2024 Results
Prnewswire· 2024-07-26 10:05
Net sales of $1.70 billion, decrease of 2.4%; organic decline of 2.0%Net income of $93 million; Adjusted EBITDA of $306 millionDiluted GAAP EPS of $0.14; adjusted EPS of $0.25Operating cash flow of $281 million; free cash flow of $235 millionRADNOR, Pa., July 26, 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 second fiscal quarte ...
Avantor Set to Join S&P MidCap 400; QuidelOrtho & Schneider National to Join S&P SmallCap 600
Prnewswire· 2024-07-23 23:17
NEW YORK, July 23, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions. Schneider National In ...