Earnings release
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Navantor ™ NEWS RELEASE Avantor® Reports Second Quarter 2021 Results 7/29/2021 -Net sales of $ 1.86 billion , increase of 25.7 % ; organic net sales growth of 20.5 % - Net income of $ 157.8 million ; Adjusted EBITDA of $ 366.6 million - Diluted GAAP EPS of $ 0.24 ; adjusted EPS of $ 0.35 - Operating cash flow of $ 263.8 million ; free cash flow of $ 265.0 million - Adjusted net leverage of 3.8x , up from 3.5x as of March 31 , 2021 RADNOR , Pa . , July 29 , 2021 / PRNewswire / -- Avantor , Inc. ( NYSE : AVTR ) , a leading global provider of mission - critical products and services to customers in the life sciences , advanced technologies and applied materials industries , today reported financial results for the quarter ended June 30 , 2021 . " Our exceptional second quarter performance reflects the strong momentum across each of our end markets , reinforces the relevance of our business model and highlights our continued track record of execution , " said Michael Stubblefield , President and Chief Executive Officer of Avantor . " Our outstanding top - line growth was accompanied by substantial growth in earnings and free cash flow . We continue to invest in our long - term growth strategy , including capacity expansions and the completion of two acquisitions , Ritter GMBH and RIM Bio , which will enhance our proprietary offerings and extend our geographic reach . We are proud to have issued our first corporate sustainability report and look forward to advancing our initiatives on culture , environment , community and governance . We are well positioned to capitalize on expanded opportunities across our end markets and have again raised our guidance for full year results , " Stubblefield concluded . Second Quarter 2021 For the three months ended June 30 , 2021 , net sales were $ 1.86 billion , an increase of 25.7 % compared to the second quarter of 2020. Foreign currency translation had a favorable impact of approximately 5.2 % resulting in 1