NYSE$AVTR

Avantor Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong Q3 2020 results driven by the resilience of its integrated business model and the team's ability to execute in a challenging environment.

Avantor reported a 6.7% increase in revenue to $1.605 billion, with organic growth of 5.4%. Adjusted EBITDA increased by 14% to $285.6 million, and adjusted EPS rose by 63% to $0.24. The company experienced a net loss of $42.2 million, impacted by a loss on debt extinguishment.

  • Revenue increased by 6.7% to $1.605 billion, with organic growth of 5.4%.
  • Adjusted EBITDA increased approximately 14% to $285.6 million, with margin expansion of 112 basis points.
  • Adjusted EPS increased approximately 63% to $0.24.
  • Generated $623.8 million of operating cash flow and $582.4 million of free cash flow year-to-date, representing increases of 133.6% and 156%, respectively.

Headline financials

Total Revenue

$1.61B

Previous: $1.5B+6.7%
EPS (adj)

$0.24

Previous: $0.15+60.0%
Adjusted EBITDA

$286M

Previous: $251M+13.9%
Adjusted EBITDA Margin

112.0%

No prior period
Capital Expenditures

-$41.4M

Previous: -$39.5M-4.8%
Free Cash Flow

-$83.6M

Previous: -$17.4M-380.5%
Net Income

-$42.2M

Previous: $22.1M-291.0%
Operating Income

$177M

Previous: $143M+23.7%
Gross Profit

$506M

Previous: $474M+6.8%
Cash & Equivalents

$371M

Previous: $174M+113.1%
Total Assets

$9.94B

Previous: $9.76B+1.8%
Stock-Based Comp

$11.4M

Previous: $1.7M+570.6%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.61B

Q3 2020+6.7%vs Q3 2019
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

No forward guidance provided in this report.

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 Q3 2020

Historical avgQ3 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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