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Avantor AVTR VWR Distribution & Services — Adjusted operating expenses

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Other financials

Income statement

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Revenue$1.7B+0.5%
Gross profit$537.0M-3.1%
Operating income$121.8M-5.4%
Net income$38.1M-41.1%
EPS (diluted)$0.06-33.3%

Balance sheet

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Cash & equivalents$309.7M-31.5%
Total debt$3.7B-12.8%
Total equity$5.6B-10.4%
Total assets$11.6B-9.2%

Cash flow

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Operating cash flow$178.2M+15.4%
CapEx$37.6M+27.0%
Free cash flow$140.6M+12.7%

Valuation

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Market cap$8.91B+17.0%
Enterprise value$12.3B+7.8%
P/S1.4×+0.2×

Profitability

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Gross margin31.8%-1.4pp
Operating margin4%-5.2pp
Net margin-9.6%-19.9pp
FCF margin6.9%-1.4pp

Returns & leverage

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Return on equity-10.6%-22.3pp
Debt / equity0.7×0.0×
Current ratio1.8×+0.8×

Where this comes from

Reported directly by Avantor in its filing.

Tagged under the XBRL concept avtr:AdjustedOperatingExpenses.

The source filing: Avantor’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 9:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050415
(in millions) / Three months ended June 30, 2026Bioscience & Medtech ProductsVWR Distribution & ServicesCorporateTotal
Net sales$451.8$1,240.5$1,692.3
Adjusted cost of sales1231.9922.71,154.6
Adjusted operating expenses2102.3191.418.9312.6
Adjusted Operating Income$117.6$126.4$(18.9)$225.1
Six months ended June 30, 2026Bioscience & Medtech ProductsVWR Distribution & ServicesCorporateTotal
Net sales$883.2$2,390.5$3,273.7
Adjusted cost of sales1458.61,776.62,235.2
Adjusted operating expenses2204.3382.136.4622.8

Item 1. Financial statements

FAQ

What is Avantor's VWR distribution & services — adjusted operating expenses?
Avantor (AVTR) reported VWR distribution & services — adjusted operating expenses of $191.4M in Q2 2026.
What does VWR distribution & services — adjusted operating expenses mean?
This figure captures the overhead and administrative costs required to support the VWR distribution segment's operations, excluding non-recurring charges. It encompasses selling, general, and administrative expenses necessary to maintain the distribution network and customer support infrastructure. Controlling these expenses is critical for maintaining the segment's operating leverage.

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