NYSE$AVTR

Avantor Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong Q3 2021 results with double-digit revenue growth and margin expansion.

Avantor reported strong third-quarter results with net sales of $1.83 billion, a 14.3% increase compared to the third quarter of 2020. Net income increased to $156.8 million, and adjusted EBITDA increased 25.8% to $359.2 million.

  • Net sales of $1.83 billion, increase of 14.3%; organic revenue growth of 10.2%
  • Net income of $156.8 million; Adjusted EBITDA of $359.2 million
  • Diluted GAAP EPS of $0.24; adjusted EPS of $0.35
  • Operating cash flow of $261.9 million; free cash flow of $229.3 million

Headline financials

Total Revenue

$1.83B

Previous: $1.61B+14.3%
EPS (adj)

$0.35

Previous: $0.24+45.8%
Adjusted EBITDA

$359M

Previous: $286M+25.8%
Adjusted EBITDA Margin

180.0%

Previous: 112.0%+60.7%
Capital Expenditures

-$71.1M

Previous: -$41.4M-71.7%
Free Cash Flow

$85.7M

Previous: -$83.6M+202.5%
Net Income

$157M

Previous: -$42.2M+471.6%
Operating Income

$237M

Previous: $177M+33.9%
Gross Profit

$616M

Previous: $506M+21.6%
Cash & Equivalents

$1.43B

Previous: $371M+284.9%
Total Assets

$12.2B

Previous: $9.94B+22.7%
Stock-Based Comp

$13.4M

Previous: $11.4M+17.5%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.83B

Q3 2021+14.3%vs Q3 2020
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

The company raised its guidance for full year results.

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 2021

Historical avgQ3 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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