We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Univar (UNVR) Agrees to Distribute Leprino's Food Ingredients
Read MoreHide Full Article
Univar Solutions Inc. has entered into a distribution agreement with Leprino Foods Company, which allows it to expand its food ingredients portfolio. Leprino Foods has selected Univar as the authorized distributor for its nutritional ingredients and dairy products, including lactose, sweet whey, whey protein concentrates and isolate, micellar casein and milkfat globule membrane across the United States and Canada.
These products are commonly used in applications, including nutraceutical blends, sports and animal nutrition products, commercial food and beverage and are also found in many foods and beverages sought by health-conscious consumers.
Through this distribution agreement, customers will have access to Foodology through Univar’s centralized distribution network and custom supply chain solutions offered by the company. Food brands of all sizes, from expansive specialty ingredients portfolio to innovative recipe formulation and testing, can benefit from Foodology. Customers and suppliers gain broader access than just a distributor and can enjoy a value-added partnership. Customers will also be better positioned to deliver food and beverage dairy solutions across the United States and Canada by accessing Leprino Food’s nutrient-rich dairy products.
The company stated that through its agreement with Leprino Foods, consumers have expanded access to more in-demand food ingredients. The company also noted that this collaboration has allowed it to match its supplier’s products with its customers’ needs. Through Univar’s North American distribution presence, Leprino Foods can expand its reach and help customers overcome their dairy formulation challenges.
UNVR’s shares have gained 0.7% in the past year compared with industry’s growth of 2.5%.
Image Source: Zacks Investment Research
Univar, on its fourth-quarter call, said that it expects strong operational execution, market share gains and savings from its Value Capture Program. The company expects adjusted EBITDA for first-quarter 2023 to be $200-$220 million. For 2023, adjusted EBITDA is forecast in the band of $900-$930 million.
Olympic Steel’s shares have gained 76.3% in the past year. The Zacks Consensus Estimate for ZEUS’s current-year earnings has been revised 61% upward in the past 60 days. ZEUS topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.2% on average.
ATI’s shares have gained 51.9% in the past year. The Zacks Consensus Estimate for ATI’s current-year earnings has been revised 1.4% upward in the past 60 days. The company has an earnings growth rate of 9% for the current year.
ATI topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.4% on average.
Cal-Maine’s shares have gained 22.8% in the past year. The company has an earnings growth rate of 515.8% for the current year. The Zacks Consensus Estimate for CALM’s current-year earnings has been revised 19% upward in the past 60 days.
CALM topped Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 15.3% on average.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Univar (UNVR) Agrees to Distribute Leprino's Food Ingredients
Univar Solutions Inc. has entered into a distribution agreement with Leprino Foods Company, which allows it to expand its food ingredients portfolio. Leprino Foods has selected Univar as the authorized distributor for its nutritional ingredients and dairy products, including lactose, sweet whey, whey protein concentrates and isolate, micellar casein and milkfat globule membrane across the United States and Canada.
These products are commonly used in applications, including nutraceutical blends, sports and animal nutrition products, commercial food and beverage and are also found in many foods and beverages sought by health-conscious consumers.
Through this distribution agreement, customers will have access to Foodology through Univar’s centralized distribution network and custom supply chain solutions offered by the company. Food brands of all sizes, from expansive specialty ingredients portfolio to innovative recipe formulation and testing, can benefit from Foodology. Customers and suppliers gain broader access than just a distributor and can enjoy a value-added partnership. Customers will also be better positioned to deliver food and beverage dairy solutions across the United States and Canada by accessing Leprino Food’s nutrient-rich dairy products.
The company stated that through its agreement with Leprino Foods, consumers have expanded access to more in-demand food ingredients. The company also noted that this collaboration has allowed it to match its supplier’s products with its customers’ needs. Through Univar’s North American distribution presence, Leprino Foods can expand its reach and help customers overcome their dairy formulation challenges.
UNVR’s shares have gained 0.7% in the past year compared with industry’s growth of 2.5%.
Image Source: Zacks Investment Research
Univar, on its fourth-quarter call, said that it expects strong operational execution, market share gains and savings from its Value Capture Program. The company expects adjusted EBITDA for first-quarter 2023 to be $200-$220 million. For 2023, adjusted EBITDA is forecast in the band of $900-$930 million.
Univar Solutions Inc. Price and Consensus
Univar Solutions Inc. price-consensus-chart | Univar Solutions Inc. Quote
Zacks Rank & Key Picks
Univar currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Olympic Steel, Inc. (ZEUS - Free Report) , ATI Inc. (ATI - Free Report) , and Cal-Maine Foods, Inc. (CALM - Free Report) . ATI currently carries a Zacks Rank #2 (Buy), while ZEUS and CALM sport a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Olympic Steel’s shares have gained 76.3% in the past year. The Zacks Consensus Estimate for ZEUS’s current-year earnings has been revised 61% upward in the past 60 days. ZEUS topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.2% on average.
ATI’s shares have gained 51.9% in the past year. The Zacks Consensus Estimate for ATI’s current-year earnings has been revised 1.4% upward in the past 60 days. The company has an earnings growth rate of 9% for the current year.
ATI topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.4% on average.
Cal-Maine’s shares have gained 22.8% in the past year. The company has an earnings growth rate of 515.8% for the current year. The Zacks Consensus Estimate for CALM’s current-year earnings has been revised 19% upward in the past 60 days.
CALM topped Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 15.3% on average.