AVTR · Avantor Q2 FY2026 earnings call record财报电话会记录

“We raised our 2026 organic revenue growth and adjusted EPS guidance.”

“In Q2, we generated $1.69 billion of revenue, which declined 0.4% on organic basis and was up 0.5% on a reported basis.”

“On a year-over-year basis, revenue declined 5.6% organically, reflecting the impact of the discrete factors we had discussed previously.”

“Moving down the P&L, adjusted EBITDA grew more than 15% sequentially from Q1, driven by increased volumes in both segments.”

“We have resegmented Avantor into VWR and BMP to sharpen our focus, simplify the organization, and better serve customers.”

“Across both segments, we are extremely focused on commercial excellence to drive every product and service in a way that delights customers.”

“Previously, we discussed several elements impacting our large global customer segments, including recontracting activity and other industry dynamics.”

“While our commercial focus and execution has improved significantly over the past year, those historical pressures phased in over the course of 2025, with the cumulative impact moderating in the first quarter of this year.”

“While they continue to represent a headwind in 2026, their impact is diminishing as we move forward, offsetting action have been successful in driving stronger than anticipated results in this segment.”

“The year-over-year decline in margin was primarily driven by lower volumes.”

“For 2026, we have raised our organic revenue growth outlook to a range of -0.5% to +0.5%.”

“The midpoint of our Q3 guidance assumes total company organic revenue growth of about 250 basis points in the third quarter.”