Avantor(US:AVTR)2023-04-28 18:18Q1 2023 Financial Performance - Reported revenue decreased to $1,780.3 million from $1,950.4 million, a decrease of 8.7%[6,7] - Core organic growth was -1.8%[6] - Adjusted Gross Profit was $624.8 million, compared to $689.9 million in Q1'22[6] - Adjusted Gross Profit margin was 35.1%, down from 35.4%[6] - Adjusted EBITDA was $346.2 million, a decrease from $423.1 million[6] - Adjusted EBITDA margin was 19.4%, compared to 21.7%[6] - Adjusted Earnings Per Share (EPS) was $0.29, down from $0.38[6] - Free Cash Flow was $191.5 million, an increase from $127.7 million[6] Regional Performance - Americas revenue decreased by 9.7% to $1,032 million[9] - Europe revenue decreased by 7.4% to $630 million[9] - AMEA (Africa, Middle East, and Asia) revenue decreased by 6.7% to $118 million[9] 2023 Full-Year Guidance Revision - Core Organic Revenue Growth revised to -0.5% to +1.5% from the original guidance of +2.5% to +4.5%[49] - Adjusted EBITDA Margin Expansion revised to -75 to -25 bps from the original guidance of -25 to +25 bps[49] - Adjusted EPS revised to $1.28 - $1.36 from the original guidance of $1.35 - $1.45[49] - Free Cash Flow revised to $675 - $750 million from the original guidance of $700 - $800 million[49]