Avantor Appoints Todd Garner As Vice President & CFO
(RTTNews) - Avantor, Inc. (AVTR), a global provider of products and services for the life sciences and advanced technology industries, on Monday announced the appointment of Todd Garner as Executive Vice President and Chief Financial Officer, effective September 21, 2026.
He joins Avantor from CONMED Corporation, where he served as Executive Vice President and CFO from 2018 to 2026. Garner brings more than 30 years of finance, operational and public company leadership experience, including previous leadership roles at C.R. Bard.
In Avantor, he will oversee the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, investor relations and internal audit.
Steve Eck, who served as Avantor's Interim CFO since June 24, 2026, will continue as Senior Vice President and Chief Accounting Officer.
Recent Financial Update
In the recent second quarter results, Avantor reported net income of $38.1 million from $64.7 million for the period ended June 30, 2026. On a per share basis, earnings were $0.06 compared with $0.09 in 2025.
Adjusted EBITDA was $254.3 million compared to $279.8 million in the corresponding quarter last year.
Adjusted EPS was $0.21 in Q2 2026 from $0.24 in Q2 2025.
Net sales increased to $1,692.3 million, marginally higher than $1,683.4 million a year ago.
As of June 30, 2026, cash, cash equivalents and restricted cash amounted to $309.7 million.
Avantor updated its fiscal 2026 organic revenue growth guidance to -0.5% to +0.5%, from -2.5% to -0.5% mentioned in Q1, while maintaining its adjusted EBITDA margin at 14.8% to 15.3%.
It raised its fiscal 2026 adjusted EPS guidance to $0.80 to $0.83 from the previous guidance of $0.77 to $0.83.
AVTR closed Friday's trade at $15.52, down 2.14%.
