Avantor reports Q1 adjusted EPS 23c, consensus 23c

Reports Q1 revenue $1.58B, consensus $1.61B. “Our first quarter results demonstrate disciplined execution and a continued focus on cost management in a dynamic macro environment,” said Michael Stubblefield, President and CEO. “While earnings and margin performance were in line with our plan, Lab Solutions revenue was impacted by reduced demand – particularly in our Education and Government end market – following recent policy changes. In our Bioscience Production segment, we delivered another quarter of growth in bioprocessing and order book momentum continues.”