Avantor Stock Price, News & Analysis

Argosy Healthcare Partners has appointed Greg Mayer to lead portfolio company operations, bringing a wealth of experience from his previous roles at Avantor and Bank of America. Argosy Healthcare Partners, a lower middle market private equity investor, aims to support founder-owned healthcare companies in scaling their businesses. With over $2.3 billion in assets under management, Argosy focuses on life sciences tools and pharmaceutical services, positioning itself to enhance growth opportunities in the healthcare sector.

Avantor, Inc. (NYSE: AVTR) has opened a new single-use logistics hub in Westminster, Massachusetts, enhancing its global biopharma supply chain. This facility, located near the existing manufacturing site in Devens, will streamline raw material storage, quality control, and distribution, enabling better support for the increasing demand for single-use solutions. In 2021, Avantor invested significantly in its single-use capabilities, including acquisitions like RIM Bio and Masterflex. The Westminster site marks Avantor's sixth U.S. location dedicated to single-use solutions, reinforcing its commitment to the biopharmaceutical industry.

Avantor, Inc. (NYSE: AVTR), a major player in mission-critical products for life sciences, will attend the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022. CEO Michael Stubblefield will share insights on the company's priorities starting at 9:45 a.m. PT. A live webcast will be available on the investors section of their website, with a replay accessible until February 10, 2022. Avantor serves a vast customer base, facilitating research and production activities globally, aimed at advancing critical industries.

Avantor, a prominent global provider of critical products and services, will participate in a virtual fireside chat at the Evercore ISI 4th Annual HealthCONx Conference on December 1, 2021. The session, featuring President and CEO Michael Stubblefield, is scheduled to begin at 8:50 a.m. Eastern Time. Investors can access the live webcast through Avantor's website, with a replay available until December 31, 2021. Avantor serves over 225,000 customers in more than 180 countries, playing a vital role in research and development across various industries.

Avantor (NYSE: AVTR) has successfully completed its acquisition of the Masterflex bioprocessing business from Antylia Scientific, enhancing its capabilities in aseptic fluid transfer for bioproduction. This strategic move aims to strengthen Avantor's offerings in the growing biopharma market, particularly in the manufacturing of therapies and vaccines, including COVID-19. The acquisition received all necessary regulatory approvals and is expected to provide comprehensive solutions to complex bioproduction challenges.

Avantor, Inc. (NYSE: AVTR) reported robust financial performance for Q3 2021, with net sales reaching $1.83 billion, a 14.3% increase year-over-year. The company achieved double-digit revenue growth and significant margin expansion, resulting in a net income of $156.8 million, a turnaround from a loss of $42.2 million in Q3 2020. Adjusted EBITDA rose 25.8% to $359.2 million. The company is poised for further growth, highlighted by the pending Masterflex acquisition and improved guidance for full-year results.

Avantor, Inc. (NYSE: AVTR) has opened a new single-use facility in Hillegom, Netherlands, in early October 2021. This facility, the company's second in Europe, enhances its cleanroom capacity and aims to support the growing demand for bioproduction. Located strategically between Amsterdam and Leiden, it will manufacture and deliver single-use solutions for all stages of biologics manufacturing.

Avantor's global footprint also includes facilities in the U.S. and China, and it has plans to acquire Masterflex®, further strengthening its offerings in bioproduction.

Avantor, a leading global provider of mission-critical products, has declared a quarterly cash dividend of $0.78 per share on its 6.250% Series A Mandatory Convertible Preferred Stock, effective November 15, 2021. The dividend represents a 1.560% yield and is payable to shareholders on record as of November 1, 2021. This initiative underscores Avantor's commitment to returning value to shareholders amidst its operational developments in the life sciences and advanced technologies sectors.