VWR Q2 Results Beat Expectations

VWR said Monday its Q2 adjusted earnings amounted to $0.49 per share, up from $0.42 per share a year ago. A consensus of eight analysts polled by Capital IQ had expected adjusted earnings of $0.45 per share. The company reported Q2 net sales of $1.18 billion compared with $1.15 billion a year ago. Three analysts expected sales of $1.16 billion.

In May, VWR announced that it entered into a definitive agreement with Avantor, under which Avantor will acquire VWR for $33.25 per share in cash. In light of the agreement, VWR said it no longer provides or updates financial guidance and will not hold an investor conference call on Q2 results. Pending completion of the European Commission review, the company now anticipates the deal to close in Q4.

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