NYSE$AVTR

Avantor Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Avantor reported fourth quarter results in line with expectations, with core organic growth across all regions and strong margin expansion.

Avantor's fourth quarter results met expectations, demonstrating core organic growth across all regions and strong margin expansion despite macroeconomic pressures. Full-year results reflected the strength of the core business, with 6% core organic growth in bioproduction, adjusted EBITDA margin expansion, and a double-digit increase in adjusted net income.

  • Net sales decreased by 5.9% to $1.80 billion, with core organic growth of 2.7%.
  • Net income increased to $141.7 million, with adjusted EBITDA of $359.5 million.
  • Diluted GAAP EPS was $0.21, and adjusted EPS was $0.32.
  • Operating cash flow was $205.6 million, with free cash flow of $172.0 million.

Headline financials

Total Revenue

$1.8B

Previous: $1.91B-5.9%
EPS (adj)

$0.32

Previous: $0.36-11.1%
Adjusted EBITDA

$360M

Previous: $370M-2.8%
Adjusted EBITDA Margin

20.0%

Previous: 19.4%+3.1%
Capital Expenditures

$33.6M

Previous: $40M-16.0%
Free Cash Flow

$172M

Previous: $314M-45.3%
Net Income

$142M

Previous: $94M+50.7%
Operating Income

$252M

Previous: $214M+17.7%
Gross Profit

$615M

Previous: $648M-5.1%
Cash & Equivalents

$373M

Previous: $302M+23.6%
Total Assets

$13.5B

Previous: $13.9B-3.1%
Stock-Based Comp

$10M

Previous: $13.7M-27.0%

Revenue & EPS history

Avantor · Revenue · Quarterly

$1.8B

Q4 2022-5.9%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

No forward guidance was provided in the press release.

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 Q4 2022

Historical avgQ4 2022

-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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