NYSE$AVTR

Avantor Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Avantor's first quarter results reflected the resiliency of its business model, delivering strong revenue and EBITDA growth and outstanding cash generation.

Avantor reported a revenue increase of 2.6% to $1.52 billion, with organic growth of 4.1%. Net income increased to $47 million, and adjusted EBITDA grew by 6% to $262.8 million. Adjusted EPS increased by 64% to $0.17, and free cash flow was $240.5 million, a 284% increase. The company withdrew its previously issued guidance due to COVID-19.

  • Revenue of $1.52 billion, an increase of 2.6%; organic growth of 4.1%.
  • Net income of $47 million; Adjusted EBITDA $262.8 million, an increase of 6%.
  • Diluted GAAP EPS $0.05; adjusted EPS $0.17, an increase of 64%.
  • Operating cash flow $253.1 million; free cash flow $240.5 million, an increase of 284%.

Headline financials

Total Revenue

$1.52B

Previous: $1.48B+2.6%
EPS (adj)

$0.17

Previous: -$0.59+128.8%
Adjusted EBITDA

$263M

No prior period
Capital Expenditures

-$12.6M

Previous: $12.4M-201.6%
Free Cash Flow

$34.4M

Previous: $62.6M-45.0%
Net Income

$47M

Previous: -$6.2M+858.1%
Operating Income

$158M

Previous: $138M+15.1%
Gross Profit

$502M

Previous: $475M+5.6%
Cash & Equivalents

$346M

Previous: $147M+135.7%
Total Assets

$9.79B

No prior period
Stock-Based Comp

$8.4M

Previous: $4.8M+75.0%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.52B

Q1 2020+2.6%vs Q1 2019
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

The Company is withdrawing previously issued guidance due to COVID-19

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

15 / 32 earnings

Positive

+21.7%

Q1 2020

Best reaction

-23.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%+1.5%+16.0%
Q4 2025-13.6%-17.6%-28.9%
Q3 2025-23.2%-22.5%-22.2%
Q1 2025-16.6%-16.2%-18.1%
Q4 2024-11.7%-16.8%-19.4%
Q3 2024-2.7%-3.5%-10.7%
Q2 2024+15.0%+17.2%+12.4%
Q1 2024-4.3%-2.9%-4.0%
Q4 2023+8.6%+7.3%+13.3%
Q3 2023-12.1%-10.8%+4.1%
Q2 2023-9.9%-7.9%-4.6%
Q1 2023+8.0%+7.8%+10.2%
Q4 2022-5.9%-1.9%+0.9%
Q3 2022-1.8%-6.1%+4.4%
Q2 2022-8.6%-7.9%-19.6%
Q1 2022+8.4%+7.4%+12.1%
Q4 2021-2.9%-3.6%-13.5%
Q3 2021+9.3%+7.9%+7.3%
Q2 2021+0.3%+0.9%+4.8%
Q1 2021-1.4%-5.7%-3.0%
Q4 2020-2.2%-1.9%-9.9%
Q3 2020-5.5%-5.9%+5.3%
Q2 2020+16.6%+18.3%+16.0%
Q1 2020+21.7%+22.8%+37.4%
Q4 2019-11.4%-7.5%-21.5%
Q3 2018+2.7%-4.2%+17.4%
Q3 2019+2.7%-4.2%+17.4%
Q2 2019+4.2%+5.2%+7.3%
Q1 2018+4.2%+5.2%+7.3%
Q2 2018+4.2%+5.2%+7.3%
Q1 2019+4.2%+5.2%+7.3%
Q4 2018+4.2%+5.2%+7.3%
Q4 2017

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