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  "presentationDate": "2023-07-01 00:00:00",
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      "text": "Note: Core organic growth is organic growth net of COVID-19 impact.\n1. Conversion: Free Cash Flow / Adj. Net Income.\n2. Represents Adj. Net Leverage as of June 30, 2023 and June 30, 2022, respectively.",
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      "text": "USD in millions",
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      "text": "Q2'23, Q2'22, COMMENTS, Reported Revenue, $1,743.9, $1,910.5, Softening customer demand and ongoing destocking in biopharma, Declines in Advanced Tech/Applied Materials driven by semiconductor end market, Core organic growth, -6.5%, 6.4%, Adj. Gross Profit, $590.0, $661.5, Negative volume and mix, Adj. Gross Profit %, 33.8%, 34.6%, Headwinds partially offset by productivity and lower distribution costs, Adj. EBITDA, $343.0, $404.1, Reflects lower gross profit, Adj. EBITDA %, 19.7%, 21.2%, Headwinds partially offset by productivity and cost controls, Adj. Earnings Per Share, $0.28, $0.37, Flow through of adj. EBITDA performance, Interest in line with expectations, tax expense modestly higher, Free Cash Flow, $138.1, $191.2, FCF conversion of ~85% in 1H 20231, Positive impact from working capital initiatives, Adj. Net Leverage, 3.9X2, 3.9X2, Paid down >$400M of debt in 1H 2023, Increase in leverage from Q1 driven by reduction in TTM adjusted EBITDA",
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      "text": "Q2 adjusted P&L",
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