VWR (VWR) Tops Q1 EPS by 2c, Beat on Revenues

VWR (NASDAQ: VWR) reported Q1 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11 billion.

Highlights:

• First quarter record quarterly net sales of $1.14 billion, up 3.7% year-over-year, and up 4.3% on an organic basis.
• 1Q17 EMEA-APAC net sales increased 3.4%, up 8.4% on an organic basis, while the Americas net sales increased 3.9%, up 1.7% on an organic basis.
• GAAP diluted EPS was $0.29 in both 1Q17 and 1Q16. 1Q17 quarterly Adjusted EPS of $0.44, up 10.0% compared to $0.40 in the prior year quarter.
• Cash flow from operating activities of $66.5 million, up 58.3% as compared to $42.0 million in 1Q16.
• Acquired Seastar, a manufacturer of high purity reagents used by global research customers, in January 2017.
• Acquired EPL Archives, a leading global archive and biorepository services company, in March 2017.
• Acquired MESM, a service company providing equipment supply and ancillary consumables for customers engaged in clinical trials, in April 2017.

For earnings history and earnings-related data on VWR (VWR) click here.

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