Vwr Corp (VWR) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Earnings Press Release
10-Q Quarterly Report
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Vwr Corp
Ticker: VWR CIK: 1412232

Exhibit 99.1

VWR Corporation Reports First Quarter 2017 Financial Results

RADNOR, Pa., May 5, 2017 /PRNewswire/

— VWR Corporation (NASDAQ: VWR), the leading global independent provider of product and service solutions to laboratory and production customers, today announced its financial results for the first quarter ended March 31, 2017.

Highlights:


•	First quarter record quarterly net sales of $1.14 billion, up 3.7% year-over-year, and up 4.3% on an organic basis.


•	1Q17 EMEA-APAC net sales increased 3.4%, up 8.4% on an organic basis, while the Americas net sales increased 3.9%, up 1.7% on an organic basis.


•	GAAP diluted EPS was $0.29 in both 1Q17 and 1Q16. 1Q17 quarterly Adjusted EPS of $0.44, up 10.0% compared to $0.40 in the prior year quarter.


•	Cash flow from operating activities of $66.5 million, up 58.3% as compared to $42.0 million in 1Q16.


•	Acquired Seastar, a manufacturer of high purity reagents used by global research customers, in January 2017.


•	Acquired EPL Archives, a leading global archive and biorepository services company, in March 2017.


•	Acquired MESM, a service company providing equipment supply and ancillary consumables for customers engaged in clinical trials, in April 2017.

Information Regarding Today’s Announcement of Definitive Agreement with Avantor

In a separate press release issued this morning, VWR announced that it has entered into a definitive agreement with Avantor, Inc. under which Avantor will acquire VWR for $33.25 per common share, in cash, or an enterprise value of $6.4 billion. For further information on the transaction, please visit http://investors.vwr.com to access a copy of the press release.

In light of this announcement, VWR no longer plans to provide or update financial guidance and will not hold its investor conference call on first quarter 2017 results, previously planned for 8 am ET on the morning of May 5, 2017.

Manuel Brocke-Benz, President and Chief Executive Officer of VWR, commented: “The first quarter represents a strong start to the year, bolstered by our solid business momentum in EMEA-APAC and improving performance in the Americas. During the first quarter, organic revenues increased 4.3%, with EMEA-APAC up 8.4%. Our solid revenue momentum, coupled with our adjusted operating income margin expansion, drove strong bottom-line performance.”

The following information was filed by Vwr Corp (VWR) on Friday, May 5, 2017 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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