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0.000207296849087853 0.00165837479270312 0.00207296849087897 -0.000207296849087853 -0.00373134328358208 -0.00476782752902149 -0.00456053067993364 -0.00165837479270312
Stock impact report

Avantor (AVTR) Q1 Earnings Surpass Estimates, Margins Down [Yahoo! Finance]

Avantor, Inc. (AVTR) 
Last avantor, inc. earnings: 4/29 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
GAAP EPS for the quarter was 9 cents, down 50% year over year. Revenue Details Revenues grossed $1.68 billion in the reported quarter, down 5.6% year over year. However, the metric was in line with the Zacks Consensus Estimate. Avantor's foreign currency translation reflects a 0.7% favorable impact in the reported quarter, resulting in an organic sales decline of 6.3%. Segmental Analysis Effective Jan 1, 2024, Avantor changed its operating model and reporting segment structure from three reportable segments to two reportable segments — Laboratory Solutions and Bioscience Production. The Laboratory Solutions segment's net sales were $1.16 billion, reflecting a reported decline of 3.8% year over year. The organic sales fell 4.5% in the reported quarter. Per management, the momentum in consumables and chemicals (both proprietary and third-party) was offset by lower equipment and instrumentation sales in each of its end markets. Bioscience Production's net sales were $522.7 Show less Read more
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