NYSE$AVTR

Avantor Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Avantor's Q2 2020 results demonstrated the resiliency of its business model, with Adjusted EBITDA growth and strong cash generation despite a modest organic revenue decline impacted by the COVID-19 pandemic.

Avantor reported Q2 2020 results with revenue of $1.48 billion, a 3.5% decline. Net income increased to $60.2 million, and adjusted EPS increased 32.5% to $0.19. The company achieved Adjusted EBITDA growth and strong cash generation despite a modest organic revenue decline. They also refinanced $2B unsecured notes lowering associated interest payments by 50%.

  • Revenue of $1.48 billion, declining 3.5%; organic decline of 2.0%
  • Net income of $60.2 million; Adjusted EBITDA $273.3 million, Adjusted EBITDA expansion of 94 basis points
  • Diluted GAAP EPS $0.08; adjusted EPS $0.19, increase of 32.5%
  • YTD Free Cash Flow $316.2 million, increase of 641%

Headline financials

Total Revenue

$1.48B

Previous: $1.53B-3.5%
EPS (adj)

$0.19

Previous: $0.14+35.7%
Adjusted EBITDA

$273M

No prior period
Adjusted EBITDA Margin

0.9%

No prior period
Capital Expenditures

-$26.1M

Previous: -$26.4M+1.1%
Free Cash Flow

$34.1M

Previous: -$75.1M+145.4%
Net Income

$60.2M

Previous: -$48.7M+223.6%
Operating Income

$167M

Previous: $119M+39.9%
Gross Profit

$491M

Previous: $491M-0.1%
Cash & Equivalents

$415M

Previous: $165M+152.3%
Total Assets

$9.87B

Previous: $10B-1.5%
Stock-Based Comp

$11.6M

Previous: $50.9M-77.2%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.48B

Q2 2020-3.5%vs Q2 2019
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

No forward guidance was provided in the text.

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 Q2 2020

Historical avgQ2 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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