Exhibit 99.1
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VWR Corporation Reports Third Quarter 2016 Financial Results
RADNOR, Pa., November 3, 2016 /PRNewswire/
VWR Corporation (NASDAQ: VWR), the leading global independent provider of product and service solutions to laboratory and production customers, today reported its financial results for the third quarter ended September 30, 2016.
Highlights:
3Q16 diluted EPS of $0.31 vs. $0.08 in 3Q15, 3Q16 Adjusted EPS of $0.44 vs. $0.38 in 3Q15.
Third quarter net sales of $1.14 billion, up 3.7% year-over-year, and up 1.6% on an organic basis.
3Q16 Americas net sales increased 6.0% year-over-year, up 1.7% organic. EMEA-APAC net sales increased 0.2% year-over-year, up 1.4% organic. A description and reconciliation of GAAP to non-GAAP Adjusted EPS and net sales to organic net sales is attached.
Nine months 2016 cash flow from operating activities of $186.1 million, up 18.3% compared to prior year.
Acquired PAW BioScience Products, a manufacturer and distributor of single-use fluid handling products on July 1, 2016. Announced the acquisition of BioArra, a company focused on the sourcing, production and marketing of serum-based products used in both research and bioproduction. Also announced the acquisition of Reliable Biopharmaceutical, a manufacturer of high purity excipients and process chemicals using multi-step chemical synthesis and advanced purification.
Management reaffirms 2016 Adjusted EPS guidance and anticipates 2016 net sales at, or close to, the low end of our 2016 guidance range.
Manuel Brocke-Benz, President and Chief Executive Officer of VWR, commented: “VWR continues to execute on its strategy, and our solid year-to-date performance sets the foundation for record financial performance in 2016. In the third quarter, we again achieved solid earnings growth, driven by 3.7% revenue growth and continued reductions in interest expense. Cash flow from operations continues to track positively, with operating cash flows of $186.1 million in the first nine months of the year, up 18.3% compared to the first nine months of 2015. This strong cash flow generation enabled us to reduce net leverage to a 10-year low and to continue to execute on our value creating acquisition strategy. We are confident that our execution and attractive acquisition opportunities will enable VWR to continue to create shareholder value by strengthening our service and product offerings to our customers.”
Third Quarter 2016 Results
Net sales were $1.14 billion, up $40.6 million or 3.7% compared to prior year. Operating income was $83.2 million, up $2.1 million or 2.6% year-over-year.
Americas net sales were $707.7 million, up $39.8 million or 6.0% year-over-year, with the increase driven by sales to government and biopharma customers. Americas operating income was $47.2 million, flat compared to



The following information was filed by Vwr Corp (VWR) on Thursday, November 3, 2016 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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