Avantor, Inc. (AVTR) has announced an increase in profit for the fourth quarter, surpassing analysts' expectations. The company reported earnings of $500.4 million, equating to $0.73 per share, a significant increase from the previous year's $98.5 million, or $0.15 per share.
After excluding specific items, Avantor's adjusted earnings stood at $183.9 million, or $0.27 per share, slightly ahead of the anticipated $0.26 per share, as projected by analysts. Notably, analysts' forecasts generally do not account for special items.
Despite this profit surge, the company experienced a 2.1% decline in revenue, recording $1.686 billion compared to $1.722 billion in the same quarter last year.
In summary, the key financial highlights for Avantor under Generally Accepted Accounting Principles (GAAP) are as follows:
- Earnings of $500.4 million, compared to $98.5 million the previous year.
- Earnings per share (EPS) of $0.73, up from $0.15 last year.
- Revenue decreased to $1.686 billion from $1.722 billion in the prior year.
