Exhibit 99.1
avantorlogo.jpg
Avantor Reports Fourth Quarter and Full-Year 2019 Results
Net sales $1.52 billion, net income $70.6 million, adjusted EBITDA $263.6 million
Diluted GAAP EPS $0.09; adjusted EPS $0.19, up 89.9%
Operating cash flow $87.0 million, up 16%, unlevered free cash flow $187.8 million
Further reduced adjusted net leverage to 4.6X from 7.0X at January 1, 2019
Full-year 2019 net sales $6.04 billion, up 5.1% organic
Full-year 2019 net income $37.8 million, adjusted EBITDA $1.03 billion, up 9.1%
Full-year 2019 diluted GAAP EPS $(0.84), adjusted EPS $0.58, up 61.8%
Full-year 2019 operating cash flow $354.0 million, up 76%; unlevered free cash flow $607.3 million
Radnor, Pa. – February 7, 2020 – Avantor, Inc. (NYSE: AVTR), a leading global provider of mission critical products and services to customers in the life sciences and advanced technologies & applied materials industries, today reported financial results for the quarter and year ended December 31, 2019.
“We were pleased to conclude 2019 with great momentum driven by strong sales across our biopharma business, continued margin expansion and robust cash flow generation,” said Michael Stubblefield, Chief Executive Officer of Avantor. “In our first year as a public company, we made great progress in executing our growth strategy, deleveraging our balance sheet, and strengthening our capabilities to serve our customers around the world.”
“For 2020, we look forward to another strong year with revenue expected to grow 4% to 6% on an organic basis, healthy margin expansion and further deleveraging. We are proud to contribute to scientific advances around the world and are excited about the opportunities ahead,” Stubblefield concluded.



The following information was filed by Avantor, Inc. (AVTR) on Friday, February 7, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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