Avantor, Inc.

Filing receipts

“Net income (in millions) Three months ended March 31, Change 2026 2025 Operating income $ 99.5 $ 147.4 $ (47.9) Interest expense, net (42.9) (42.2) (0.7) Loss on extinguishment of debt (0.6) — (0.6) Other expense, net (0.5) (19.5) 19.0 Income tax expense (12.2) (21.2) 9.0 Net income $ 43.3 $ 64.5 $ (21.2) Three months ended Net income for the three months ended March 31, 2026 decreased primarily due to lower operating income, as previously discussed, partially offset by the absence of pension termination charges incurred in the prior year and lower income tax expense from reduced taxable income.”

“The decrease was primarily due to lower sales volume, higher inventory reserves, unfavorable product mix and inflationary pressures on compensation expense.”

“These valuation methods require management to make numerous assumptions, including but not limited to future profitability and cash flows, net sales, gross margin, SG&A expenses, capital expenditures, investments in debt‑free net working capital, discount rates reflecting current market assumptions, the weighting of valuation methods, and the selection of comparable publicly traded companies.”