AVTR - Avantor's Conservative Guidance Is Realistic Post Q1 Earnings Performance: Analyst | Benzinga
Avantor Inc (NYSE:AVTR) reported first-quarter net sales of $1.68 billion, a decrease of 5.6% year-over-year, almost in line with the consensus of $1.68 billion.
Foreign currency translation had a favorable impact of 0.7%, resulting in a sales decline of 6.3% on an organic basis.
Adjusted EBITDA was $283 million, down from $346.2 million a year ago, and adjusted EBITDA margin was 16.8%. Adjusted operating income was $258.4 million, down $323.1 million a year ago, and adjusted operating income margin was 15.4%.
The company reported an adjusted EPS of $0.22, down 29 cents a year ago, beating the consensus of 20 cents.
Operating cash flow was $141.6 million, while free cash flow was $106.9 ...