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EX - 99.1 2 a2021qlearningsreleaseex991.htm EX - 99.1 Exhibit 99.1 • Navantor ™ Avantor Reports First Quarter 2021 Results Revenue of $ 1.79 billion , increase of 17.5 % ; organic revenue growth of 13.5 % Diluted GAAP EPS of $ 0.25 ; adjusted EPS of $ 0.35 • Net income of $ 164.0 million ; Adjusted EBITDA of $ 363.1 million • Operating cash flow of $ 126.9 million ; free cash flow of $ 111.8 million . Adjusted net leverage of 3.5x , down from 4.0x as of December 31 , 2020 Radnor , Pa . – April 28 , 2021 - Avantor , Inc. ( NYSE : AVTR ) , a leading global provider of mission - critical products and services to customers in the life sciences and advanced technologies & applied materials industries , today reported financial results for the first quarter ended March 31 , 2021 . " Our strong first quarter results reflect our continued momentum and the relevance and value of our business model , " said Michael Stubblefield , President and Chief Executive Officer of Avantor . “ The robust growth in our base business and strong margin expansion , earnings growth and continued deleveraging provides a terrific start to 2021. " " We also progressed our growth strategy through investments in manufacturing capacity , the launch of new innovative products and M & A , " he added . “ Our agreement to acquire Ritter marks an important milestone in our transformation and will expand our proprietary consumables portfolio , enabling us to further leverage our global distribution channel . ” " We remain well positioned for continued growth and are focused on creating value for our customers and our shareholders , " Stubblefield concluded .