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Based in Center Valley, PA, Avantor, Inc. (NYSE: AVTR) is a global leader in providing mission-critical products and services to customers in diverse industries such as life sciences, healthcare, education and government, as well as advanced technologies and applied materials. Avantor's portfolio includes high-performance chemistries and materials marketed under reputable brand names such as J.T.Baker®, Macron Fine Chemicals™, Rankem™, BeneSphera™, and POCH™. The company's offerings span materials and consumables, equipment and instrumentation, as well as services and specialty procurement.
Operating across three geographical segments—Americas, Europe, and AMEA—Avantor generates a majority of its revenue from the Americas. Recent strategic initiatives include a partnership with Tobin Scientific to support end-to-end biopharma logistics, enhancing Avantor's ability to provide cold chain and ambient storage solutions for lab relocations and sample transport. This collaboration ensures current Good Manufacturing Practice (cGMP) compliance and aims to streamline complex logistics, thereby allowing customers to focus on advancing their research.
In addition to its commitment to operational excellence, Avantor is making strides in sustainability. The company recently introduced an innovative packaging system that optimizes product-to-package ratios, significantly reducing shipping material usage. This system has already saved thousands of pounds of filler material, exemplifying Avantor's dedication to eco-friendly practices.
Financially, Avantor reported net sales of $1.72 billion for Q3 2023, a 7.3% decline compared to the previous year, largely due to organic sales dips and COVID-19 headwinds. Despite these challenges, Avantor achieved more than 110% free cash flow conversion, facilitating ongoing debt reduction. The company also reaffirmed its FY2023 guidance, underscoring its confidence in long-term growth prospects by implementing a new operating model and advancing a $300 million cost optimization initiative.
Avantor’s global footprint gives it access to over 300,000 customer locations in 180+ countries, thereby positioning it as a crucial partner in facilitating scientific breakthroughs and innovation. For more information, visit avantorsciences.com.
Avantor (NYSE: AVTR), a global provider of vital products and services for the life sciences and advanced technology sectors, announced it will release its Q2 2024 financial results on July 26, 2024, before the market opens. The company will also host a conference call at 8:00 a.m. ET to discuss these results. The live audio webcast can be accessed via the Investor section on Avantor's website, with a replay available for 30 days.
Avantor (NYSE: AVTR) has announced the appointment of Corey Walker as President of its Laboratory Solutions business, effective June 21, 2024. Walker, who has previously held senior roles at Avantor and was most recently CEO of ILC Dover, brings extensive expertise in life sciences and advanced technologies. He will report to CEO Michael Stubblefield. Walker succeeds Randy Stone, who made significant contributions to the Laboratory Solutions segment. Avantor's new operating model, featuring two global segments – Laboratory Solutions and Bioscience Production – became effective in January 2024. The company reaffirms its fiscal year 2024 guidance as previously stated during its Q1 earnings call.
Avantor (NYSE: AVTR) released its 2024 Sustainability Report, detailing significant progress in 2023 across four key pillars: People & Culture, Innovation & Environment, Community Engagement, and Governance & Integrity.
Notably, Avantor met its 2025 greenhouse gas emissions reduction target two years early, achieving a 16.7% decrease from 2019 levels. The company has set new targets for 2030. Avantor earned a top score on the Human Rights Campaign's 2023 Corporate Equality Index and awarded over $1.2 million in grants for healthcare and STEM education. Additionally, Avantor launched a Responsible Supplier Program, enrolling 340 suppliers.
Avantor (NYSE: AVTR), a global provider of mission-critical products in life sciences and advanced technologies, announced that its President and CEO, Michael Stubblefield, will participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference. This event will take place on June 11, 2024, at 11:20 a.m. Eastern Time in Miami, Fla. A live audio webcast of the session will be available on the Avantor website, and a replay will be accessible for 30 days.
Avantor has announced that its President and CEO, Michael Stubblefield, will participate in a fireside chat at Bernstein's 40th Annual Strategic Decisions Conference. The event will take place in New York on May 30, 2024, at 8:00 a.m. Eastern Time. Attendees can listen to a live audio webcast of the session via the Investor section of Avantor's website. A replay will be accessible for 30 days following the event.
Avantor, Inc. (NYSE: AVTR) will have its President and CEO, Michael Stubblefield, participating in a fireside chat at the BofA Securities 2024 Health Care Conference in Las Vegas on May 14, 2024. Investors can access the live audio webcast on Avantor's website and a replay will be available for 30 days.
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