Avantor reports Q4 adjusted EPS 25c, consensus 22c

Reports Q4 revenue $1.72B, consensus $1.7B. “We had a solid finish to the year with fourth quarter revenue, margin and adjusted EPS coming in at the high end of our updated guidance. Our free cash flow for the year exceeded the top end of our guidance range, representing more than 120% conversion in the quarter. I am proud of our commercial team’s continued drive and intensity, which resulted in additional wins and expanded relationships among biotech, biopharma, and academic customers. Avantor’s results reflect our focus on operating with discipline through our Avantor Business System, our market position, and our relevance to customers’ workflows,” said Michael Stubblefield, president and CEO.