NYSE$AVTR

Avantor Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported a solid quarter with sequential improvements to all key financial metrics.

Avantor reported Q2 2024 results with net sales of $1.70 billion, a decrease of 2.4%. Net income increased to $93 million, and adjusted EBITDA was $306 million. Diluted GAAP EPS was $0.14, while adjusted EPS was $0.25. The company reaffirmed its fiscal year 2024 guidance.

  • Net sales decreased by 2.4% to $1.70 billion; organic decline of 2.0%.
  • Net income increased to $93 million.
  • Adjusted EBITDA was $306 million.
  • Diluted GAAP EPS was $0.14; adjusted EPS was $0.25.

Headline financials

Total Revenue

$1.7B

Previous: $1.74B-2.4%
EPS

$0.14

Previous: $0.28-50.0%
Adjusted EBITDA

$306M

Previous: $343M-10.9%
Adjusted Operating Income

$277M

No prior period
Operating Cash Flow

$281M

No prior period
Adjusted Net Income

$168M

No prior period
Adjusted EBITDA Margin

17.9%

Previous: 19.7%-9.1%
Adjusted Operating Income Margin

16.3%

No prior period
Capital Expenditures

-$80.5M

Previous: -$58.1M-38.6%
Free Cash Flow

$12.4M

Previous: -$65.4M+119.0%
Net Income

$92.9M

Previous: -$7.3M+1372.6%
Operating Income

$176M

Previous: $71.7M+145.2%
Gross Profit

$582M

Previous: $590M-1.4%
Cash & Equivalents

$273M

Previous: $236M+15.3%
Total Assets

$12.7B

Previous: $13.1B-2.8%
Stock-Based Comp

$11.1M

Previous: $9.2M+20.7%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.7B

Q2 2024-2.4%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The company reaffirmed its fiscal year 2024 guidance.

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 2024

Historical avgQ2 2024

-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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