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Avantor AVTR VWR Distribution & Services — Adjusted Operating Income

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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$9.04B+18.6%
Enterprise value$12.42B+8.9%
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:AdjustedOperatingIncome.

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, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Bioscience & Medtech Products$451.8$475.9$883.2$902.3
VWR Distribution & Services1,240.51,207.52,390.52,362.5
Total$1,692.3$1,683.4$3,273.7$3,264.8
Adjusted Operating Income:
Bioscience & Medtech Products$117.6$131.4$220.3$245.9
VWR Distribution & Services126.4141.6231.8289.5
Corporate(18.9)(20.8)(36.4)(40.4)
Total$225.1$252.2$415.7$495.0

Item 1. Financial statements

FAQ

What is Avantor's VWR distribution & services — adjusted operating income?
Avantor (AVTR) reported VWR distribution & services — adjusted operating income of $126.4M in Q2 2026.
What does VWR distribution & services — adjusted operating income mean?
This represents the profitability of the VWR distribution segment after excluding non-recurring or non-operational items from operating income. It serves as a key indicator of the segment's core operational efficiency and its ability to generate earnings from its distribution activities. Investors use this to assess the underlying health and margin performance of the business unit.

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