Univar Inc. (UNVR - Free Report) has been appointed a distributor by Sino Lion USA (Sino Lion) for its full range of sustainable beauty and personal care ingredients in the United States.
Sino Lion is a leading sustainable ingredients supplier in the beauty and personal care market. It has a broad specialty portfolio, which includes mild and naturally derived amino-acid surfactants, chelates, preservatives and several specialty chemistries. Per Univar, Sino Lion is a key addition to its beauty and personal care portfolio, and represents various natural ingredients to meet rising global demand from brand owners.
Univar and Sino Lion will introduce innovative sustainable ingredient technologies to address consumers’ preference for sustainable and natural beauty products. Sino Lion's natural surfactants and preservatives along with Univar's leading digital technology, commitment to customer success, and wide supply chain network will benefit customers in the United States.
Shares of Univar have lost 26% in the past three months compared with the industry’s decline of 16.4%.
During the third-quarter earnings call, Univar stated that it expects foreign exchange headwinds and challenges in Canada to dampen growth in the fourth quarter. The company expects fourth-quarter adjusted EBITDA to be flat with year-ago quarter’s results. The guidance also considers demand softness in certain markets.
For 2018, Univar anticipates adjusted EBITDA growth of high single-digit while adjusted earnings per share are projected at roughly $1.60 per share, reflecting an increase of 15.1% from the prior year.
Univar Inc. Price and Consensus
Zacks Rank & Stocks to Consider
Univar currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the basic materials space are The Mosaic Company (MOS - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
Mosaic has an expected long-term earnings growth rate of 7% and a Zacks Rank #1 (Strong Buy). The company’s shares have rallied 47.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected long-term earnings growth rate of 6% and a Zacks Rank #1. The company’s shares have risen 11.3% in the past year.
Air Products has an expected long-term earnings growth rate of 11.8% and a Zacks Rank #2 (Buy). The company’s shares have gained 1.9% in the past year.
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