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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) announced it will release its Q1 2023 financial results before the market opens on April 28, 2023. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results. The company is a leading provider of mission-critical products and services across various industries, including biopharma and healthcare. Avantor serves over 300,000 customer locations worldwide, reflecting its extensive reach in research and development.
For more details on the earnings call, visit ir.avantorsciences.com.
Avantor (NYSE: AVTR), a global leader in mission-critical products and services for the life sciences and advanced technologies sectors, announced management presentations at two major investor conferences. CFO Thomas Szlosek will present at the Raymond James 44th Annual Institutional Investors conference on March 6, 2023, at 1:40 p.m. EST in Orlando, Fla. Meanwhile, President & CEO Michael Stubblefield will engage in a fireside chat at Cowen's 43rd Annual Health Care conference on March 7, 2023, at 9:10 a.m. EST in Boston, Mass. Live audio webcasts will be accessible on Avantor's Investor Relations website, with replays available for 30 days.
Avantor, Inc. (NYSE: AVTR) reported its fourth-quarter and full-year 2022 financial results on February 3, 2023. The company achieved net sales of $1.80 billion for Q4, a 5.9% decline year-over-year, but saw core organic growth of 2.7%. Net income rose to $141.7 million. Full-year net sales reached $7.51 billion, up 1.7%, with core organic growth of 6.0%. Adjusted EBITDA was $1,570.7 million for the year, representing an 11.8% increase. Despite some regional sales decreases, strong performance in bioproduction and margin expansion were highlighted.
Avantor (NYSE: AVTR) and Avantor Foundation announced over $7 million in grants since 2009, focusing on STEM education and healthcare access. In 2022 alone, they donated more than $1 million to 15 organizations and provided over $1.3 million in products for education and disaster relief. The Foundation's recent initiatives included supporting STEM activities for over 2,000 youths in the UK and medical services for 5,000 children in Shanghai, China. Avantor is expanding employee engagement in community service, including matching donations and volunteer time.
Further details will be available in the 2023 Sustainability Report.
Avantor has entered into a multi-year supply and services agreement with Catalent to provide a wide range of laboratory supplies, clinical materials, and services. This partnership aims to enhance both companies' capabilities in delivering better treatments to patients and reflects their commitment to meeting global health needs. The collaboration builds on an existing relationship, showcasing Avantor's strengths in reliability and innovation.
Avantor, a leading global provider of mission-critical products and services, will announce its fourth quarter and full year 2022 financial results on February 3, 2023, before the market opens. A conference call to discuss these results will take place at 8:00 a.m. EST on the same day. Investors can access the live audio webcast through the company's Investors section on their website. A replay will be available for 30 days thereafter.
Avantor, Inc. (NYSE: AVTR) has announced that Michael Stubblefield, President and CEO, will present at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 12:45 p.m. EST. The presentation can be accessed via a live audio webcast by visiting the Events & Presentations section on Avantor's website. A replay will be available for 30 days after the event. Avantor provides essential products and services for life sciences and advanced technologies across over 180 countries, serving more than 225,000 customer locations.
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