Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Avantor Inc (AVTR)
NYSE:AVTR
Holding AVTR?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.26Last Year’s EPS
$0.25Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: -8.85%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced view with strong cash flow and debt reduction efforts, robust bioprocessing performance, and strategic divestitures highlighting positive business momentum. However, these were offset by challenges including a slight organic revenue decline, underperformance in advanced technologies, and cautious spending in key sectors.Company Guidance
During Avantor's third-quarter 2024 earnings call, the company provided updated financial guidance, highlighting several key metrics. Avantor reported a sequential increase in revenue to $1.71 billion, though organic revenue declined by 0.7% year-over-year. The adjusted EBITDA margin was 17.6%, with adjusted EPS rising to $0.26. The company also reduced its net leverage to 3.8x by paying down over $200 million in debt. Avantor raised its free cash flow guidance for the year, benefiting from strong cash generation and $500 million in after-tax proceeds from a recent divestiture. Despite a slight decline in the Bioscience Production segment, bioprocessing sales expectations improved, supporting a forecast of mid- to high single-digit growth for the fourth quarter. The company reiterated its full-year guidance, adjusting for the divestiture, and expects free cash flow to exceed $750 million, excluding transformation-related costs.Debt Reduction and Improved Leverage
Avantor paid down over $200 million of debt, bringing net leverage down to 3.8x. The company expects to achieve adjusted net leverage of less than 3x with proceeds from the clinical services divestiture.
Strong Free Cash Flow and Guidance Increase
Avantor generated over $200 million in free cash flow for the quarter and approximately $550 million year-to-date, raising the full-year guidance to more than $750 million.
Bioprocessing Performance
Bioprocessing sales outperformed expectations, with strong order momentum reinforcing confidence in mid- to high single-digit growth in the fourth quarter.
Successful Divestiture
Avantor successfully closed the divestiture of its clinical services assets, receiving $500 million in after-tax proceeds.
Innovation and Expansion
Avantor launched new products and opened a flagship innovation center in Bridgewater, New Jersey, enhancing capabilities in bioprocessing and laboratory solutions.
---
AVTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AVTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $23.27 | $22.43 | -3.61% |
| Jul 26, 2024 | $22.82 | $25.60 | +12.18% |
| Apr 26, 2024 | $25.15 | $23.94 | -4.81% |
| Feb 14, 2024 | $22.14 | $24.40 | +10.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Avantor Inc (AVTR) report earnings?
Avantor Inc (AVTR) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Avantor Inc (AVTR) earnings time?
Avantor Inc (AVTR) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVTR EPS forecast?
AVTR EPS forecast for the fiscal quarter 2024 (Q4) is $0.26.
---