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Univar (UNVR) to be Distributor for Cabot's Carbon Black Products
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Univar Solutions Inc. has been appointed as distributor of Cabot Corporation's (CBT - Free Report) specialty carbon black products for the plastics and batteries markets in Brazil.
The deal adds to the companies' current relationship and will provide customers innovative materials and solutions that help improve sustainability and product performance.
Cabot's specialty carbon black products are utilized for several applications in the automotive market, including helping better the efficiency, durability, performance and lifetime of hybrid and electric vehicle batteries. In addition to batteries, the usefulness of carbon black products makes it compatible with other specialty applications such as plastics, consumer electronics and industrial parts, delivering value through various functionalities including color, ultraviolet protection, surface smoothness and conductivity.
Univar stated that it is confident that its customers will benefit from the consistent focus it brings within the plastic compounding and battery markets, supported by strong local and technical support and commercial excellence.
Shares of Univar have gained 11.4% in the past year against a 4.3% decline of the industry.
Image Source: Zacks Investment Research
In its last earnings call, the company stated that it expects adjusted EBITDA for second-quarter 2022 to be $270-$290 million. For 2022, adjusted EBITDA is projected in the band of $1,000-$1,050 million. The guidance considers anticipated continued strong business conditions, market share growth and benefits from Nexeo net synergies. The company also sees net free cash flow for 2022 in the range of $400-$450 million.
Univar currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) and Nutrien Ltd. (NTR - Free Report) .
Allegheny has a projected earnings growth rate of 871.2% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 27.3% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 12.5% in a year and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien has a projected earnings growth rate of 159.7% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 25.8% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 54.3% in a year. The company flaunts a Zacks Rank #1.
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Univar (UNVR) to be Distributor for Cabot's Carbon Black Products
Univar Solutions Inc. has been appointed as distributor of Cabot Corporation's (CBT - Free Report) specialty carbon black products for the plastics and batteries markets in Brazil.
The deal adds to the companies' current relationship and will provide customers innovative materials and solutions that help improve sustainability and product performance.
Cabot's specialty carbon black products are utilized for several applications in the automotive market, including helping better the efficiency, durability, performance and lifetime of hybrid and electric vehicle batteries. In addition to batteries, the usefulness of carbon black products makes it compatible with other specialty applications such as plastics, consumer electronics and industrial parts, delivering value through various functionalities including color, ultraviolet protection, surface smoothness and conductivity.
Univar stated that it is confident that its customers will benefit from the consistent focus it brings within the plastic compounding and battery markets, supported by strong local and technical support and commercial excellence.
Shares of Univar have gained 11.4% in the past year against a 4.3% decline of the industry.
Image Source: Zacks Investment Research
In its last earnings call, the company stated that it expects adjusted EBITDA for second-quarter 2022 to be $270-$290 million. For 2022, adjusted EBITDA is projected in the band of $1,000-$1,050 million. The guidance considers anticipated continued strong business conditions, market share growth and benefits from Nexeo net synergies. The company also sees net free cash flow for 2022 in the range of $400-$450 million.
Univar Solutions Inc. Price and Consensus
Univar Solutions Inc. price-consensus-chart | Univar Solutions Inc. Quote
Zacks Rank & Other Key Picks
Univar currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) and Nutrien Ltd. (NTR - Free Report) .
Allegheny has a projected earnings growth rate of 871.2% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 27.3% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 12.5% in a year and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien has a projected earnings growth rate of 159.7% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 25.8% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 54.3% in a year. The company flaunts a Zacks Rank #1.