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Univar's (UNVR) Q1 Earnings & Revenues Beat Estimates

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Univar Inc. is a global distributor of chemicals and innovative services. Let’s have a quick look at the chemical company’s first-quarter 2018 release.

Earnings

Univar’s adjusted earnings for the first quarter was 42 cents, topping the Zacks Consensus Estimate of 38 cents.

Univar Inc. Price and EPS Surprise

Revenues

Univar recorded net sales of $2,158 million, up roughly 8% year over year. It surpassed the Zacks Consensus Estimate of $2,137 million.

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 beaten the Zacks Consensus Estimate in three of the trailing four quarters, while missing in one with an average beat of 20.8%.

Key Stats/Developments to Note

For full-year 2018, Univar sees adjusted EBITDA growth of low-double digits. For 2018, adjusted earnings have been forecast to be in the range of $1.65-$1.85 per share, up from the previous guidance of $1.60-$1.80.

The company expects strong core business performance in the second quarter of 2018. It expects high single digit growth in adjusted EBITDA for the second quarter.

Zacks Rank

Currently, Univar has a Zacks Rank #3 (Hold) but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Market Reaction

Univar’s shares were inactive in premarket trading. It would be interesting to see how the market reacts to the results during the trading session today.

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