. (UNVR - Free Report
) is a global distributor of chemicals and innovative 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.
Let’s have a quick look at the chemical company’s second-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the second quarter has been stable over the past month. Univar has delivered an average positive surprise of 15.3% over the trailing 4 quarters.
Univar Inc. Price and EPS Surprise
Univar’s adjusted earnings for the quarter were 34 cents, topping the Zacks Consensus Estimate of 31 cents.
Univar recorded net sales of $2,247 million, down roughly 0.7% year over year. It missed the Zacks Consensus Estimate of $2,266 million.
Key Stats/Developments to Note
For the full year, Univar sees high-single digit growth in adjusted EBITDA. For third-quarter 2017, it expects adjusted EBITDA growth of high-single digits from previous year's third-quarter figure of $145.9 million.
Currently, Univar has a Zacks Rank #3 (Hold).
Univar’s shares were up 4.4% 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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