Page 1

Navantor ™ NEWS RELEASE Avantor® Reports Third Quarter 2021 Results 10/28/2021 -Net sales of $ 1.83 billion , increase of 14.3 % ; organic revenue growth of 10.2 % - Net income of $ 156.8 million ; Adjusted EBITDA of $ 359.2 million - Diluted GAAP EPS of $ 0.24 ; adjusted EPS of $ 0.35 - Operating cash flow of $ 261.9 million ; free cash flow of $ 229.3 million - Adjusted net leverage of 3.5x ; down from 3.8x at June 30 , 2021 RADNOR , Pa . , Oct. 28 , 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 September 30 , 2021 . " Our strong third quarter performance reflects continued momentum in our core business and the relevance of our business model . We had another quarter of double - digit revenue growth , significant margin expansion and deleveraging , highlighting our track record of execution , " said Michael Stubblefield , President and Chief Executive Officer of Avantor . " We continue to execute our long - term growth strategy with ongoing investments in manufacturing capacity , innovation and M & A . The pending closure of the Masterflex acquisition will further enhance our position as a critical partner to scientists around the world and increase our proprietary offering in both biopharma research and production . Looking ahead , we are focused on advancing life - changing science , are well positioned for continued growth and have again raised our guidance for full year results , " Stubblefield concluded . Third Quarter 2021 For the three months ended September 30 , 2021 , net sales were $ 1.83 billion , an increase of 14.3 % compared to the third quarter of 2020. Foreign currency translation had a favorable impact of approximately 0.9 % with M & A adding approximately 3.2 % , resulting in organic sales growth of 10.2 % . Net income increased to $ 156.8 million from 1