RADNOR, PA — Avantor, Inc. (NYSE: AVTR) reported a net loss of $712 million for the third quarter of 2025, largely driven by a non-cash goodwill impairment charge of $785 million tied to its Distribution reporting unit. Despite the loss, the company announced a $500 million share repurchase program, signaling confidence in its long-term outlook.
Quarterly net sales totaled $1.62 billion, a 5% decline from the same period last year, reflecting softer demand across its Laboratory Solutions and Bioscience Production segments. Adjusted EBITDA was $268 million, with adjusted earnings per share of $0.22. Operating cash flow reached $207 million, while free cash flow stood at $172 million.
“Avantor’s diverse portfolio, strong production capabilities, and long-standing customer relationships provide a strong foundation for sustained value creation,” said Emmanuel Ligner, President and Chief Executive Officer. “We are making decisive, meaningful changes aimed at improving execution, accountability, and financial performance.”
The company said its realignment efforts include refining its go-to-market strategy, investing in manufacturing and supply chain enhancements, and reassessing its portfolio to focus on the most profitable growth opportunities.
Avantor’s Laboratory Solutions segment generated $1.10 billion in revenue, down 6.4% year over year, while Bioscience Production sales fell 2.9% to $527 million. Both divisions experienced declines in organic growth, despite modest tailwinds from foreign currency translation.
Adjusted operating margins were 11.3% in Laboratory Solutions and 24.2% in Bioscience Production.
Ligner said the new stock repurchase plan underscores the company’s confidence in its ability to generate cash and enhance shareholder value. “I strongly believe in Avantor’s growth and profitability potential,” he said. “The changes we are implementing will improve performance and deliver results for our shareholders.”
Avantor ended the quarter with an adjusted net leverage ratio of 3.1x, maintaining a solid liquidity position as it continues efforts to strengthen profitability in a challenging macroeconomic environment.
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