Univar Inc. is a global distributor of chemicals and innovative services. The company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials’ handling services. The company serves in coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries.
Univar is executing several cost saving programs in an attempt to drive productivity and operational excellence and grow organically. The company also looks to strengthen its balance sheet by reducing debt amid the sluggish macroeconomic environment. However, the company faces headwinds in the upstream oil and gas markets.
Let’s have a quick look at the chemical company’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the first quarter has been stable over the past month. Univar has delivered an average positive surprise of 18.67% over the trailing 4 quarters.
Earnings
Univar’s adjusted earnings for the quarter were 19 cents, missing the Zacks Consensus Estimate of 22 cents.
Revenues
Univar recorded net sales of $1,998.8 million, essentially flat year over year. It beat the Zacks Consensus Estimate of $1,933 million.
Key Stats/Developments to Note
Univar sees mid-single digit growth in adjusted EBITDA in the first half of 2017 and expects to deliver mid-to-high single digit growth in adjusted EBITDA for the full year.
For second-quarter 2017, it expects adjusted EBITDA growth of mid-single digits from previous year's second quarter figure of $148.2 million.
Zacks Rank
Currently, Univar has a Zacks Rank #1 (Strong Buy).
Market Reaction
Univar’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Zacks' 2017 IPO Watch List
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Univar's (UNVR) Q1 Earnings Miss, Sales Top Estimates
Univar Inc. is a global distributor of chemicals and innovative services. The company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials’ handling services. The company serves in coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries.
Univar is executing several cost saving programs in an attempt to drive productivity and operational excellence and grow organically. The company also looks to strengthen its balance sheet by reducing debt amid the sluggish macroeconomic environment. However, the company faces headwinds in the upstream oil and gas markets.
Let’s have a quick look at the chemical company’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the first quarter has been stable over the past month. Univar has delivered an average positive surprise of 18.67% over the trailing 4 quarters.
Univar Inc. Price and EPS Surprise
Univar Inc. Price and EPS Surprise | Univar Inc. Quote
Earnings
Univar’s adjusted earnings for the quarter were 19 cents, missing the Zacks Consensus Estimate of 22 cents.
Revenues
Univar recorded net sales of $1,998.8 million, essentially flat year over year. It beat the Zacks Consensus Estimate of $1,933 million.
Key Stats/Developments to Note
Univar sees mid-single digit growth in adjusted EBITDA in the first half of 2017 and expects to deliver mid-to-high single digit growth in adjusted EBITDA for the full year.
For second-quarter 2017, it expects adjusted EBITDA growth of mid-single digits from previous year's second quarter figure of $148.2 million.
Zacks Rank
Currently, Univar has a Zacks Rank #1 (Strong Buy).
Market Reaction
Univar’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>