NYSE$AVTR

Avantor Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Avantor's Q1 2021 results reflected continued momentum and the relevance and value of its business model.

Avantor reported strong first quarter results with a 17.5% increase in revenue to $1.79 billion and a 248.9% increase in net income to $164.0 million. Adjusted EBITDA increased 38.2% to $363.1 million. The company is on track to achieve its free cash flow guidance of over $800 million for the full year.

  • Revenue of $1.79 billion, an increase of 17.5%; organic revenue growth of 13.5%.
  • Net income increased 248.9% to $164.0 million; Adjusted EBITDA increased 38.2% to $363.1 million.
  • Diluted GAAP EPS was $0.25; adjusted EPS was $0.35.
  • Operating cash flow was $126.9 million; free cash flow was $111.8 million.

Headline financials

Total Revenue

$1.79B

Previous: $1.52B+17.6%
EPS (adj)

$0.35

Previous: $0.17+105.9%
Adjusted EBITDA

$363M

Previous: $263M+38.2%
Capital Expenditures

-$15.1M

Previous: -$12.6M-19.8%
Free Cash Flow

$149M

Previous: $34.4M+332.8%
Net Income

$164M

Previous: $47M+248.9%
Operating Income

$266M

Previous: $158M+68.1%
Gross Profit

$613M

Previous: $502M+22.1%
Cash & Equivalents

$173M

Previous: $346M-50.2%
Total Assets

$9.74B

Previous: $9.79B-0.5%
Stock-Based Comp

$11.4M

Previous: $8.4M+35.7%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.79B

Q1 2021+17.6%vs Q1 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

The Company is on track to achieve its free cash flow guidance of over $800 million for the full year.

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 2021

Historical avgQ1 2021

-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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