Avantor(US:AVTR)2023-02-03 18:44Financial Performance - Q4 2022 - Reported revenue was $1795 million, with a core organic growth of 2.7%, but a reported revenue growth of -5.9% due to COVID-19 impact (-4.8%) and FX impact (-4.5%) [8, 11] - Adjusted Gross Profit was $615.1 million, representing 34.3% of revenue, with an expansion of approximately 30 bps [8] - Adjusted EBITDA was $359.5 million, representing 20.0% of revenue, with an expansion of approximately 60 bps [8] - Adjusted Earnings Per Share (EPS) was $0.32 [8] - Free Cash Flow was $172 million [8] Financial Performance - Full Year 2022 - Reported revenue was $7512.4 million, with a core organic growth of 6.0%, but a reported revenue growth of 1.7% due to COVID-19 impact (-3.6%) and FX impact (-4.3%) [8, 13] - Adjusted Gross Profit was $2617.2 million, representing 34.8% of revenue, with an expansion of approximately 90 bps [8] - Adjusted EBITDA was $1570.7 million, representing 20.9% of revenue, with an expansion of approximately 110 bps [8] - Adjusted Earnings Per Share (EPS) was $1.41 [8] - Free Cash Flow was $710.2 million, with a conversion rate of approximately 75% [8] 2023 Full-Year Guidance - Core Organic Revenue Growth is projected to be between 2.5% and 4.5%, with a COVID-19 headwind of 2.5% [50] - Adjusted EPS is expected to be between $1.35 and $1.45, based on approximately 680 million diluted shares [50, 52] - Free Cash Flow is projected to be between $700 million and $800 million [50]