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Univar (UNVR) Expands Deal With Sensient, Boosts Portfolio
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Univar Solutions Inc. announced an expansion in its agreement with Sensient Technologies for the distribution of synthetic coloring products in Mexico for the food, beverage, nutraceutical and pharmaceutical markets. There is already an existing distribution agreement with Sensient in Canada and Europe.
The deal reinforces Univar’s product portfolio for food, beverage, nutraceutical and pharmaceutical markets. Univar is well-placed to provide differential value to customers throughout the above-mentioned markets through a consistent global approach across the key industries and a global footprint of technical solution centers and a wide product portfolio.
This also complements Sensient’s products as a global producer of customized color solutions with color technology innovation, which helps manufacturers and brands differentiate their products and achieve a competitive advantage.
Univar’s technical team has the expertise to efficiently and effectively support customers' complex color formulation demand through a fully equipped solution center in Mexico City, with both formulation and testing capabilities.
Shares of Univar have surged 198.3% in the past year compared with a 102.1% rise of the industry.
The company, on its last reported quarter’s earnings call, stated that it expects adjusted EBITDA of $630-$650 million for 2021. It also anticipates adjusted EBITDA of $150-$160 million for first-quarter 2021.
Univar is also actively managing its expenses and reducing costs to maintain its financial strength. These savings represented more than $20 million in cost reductions for 2020, which are incremental to the net synergies achieved from the Nexeo acquisition of $46 million. It expects to achieve $120 million in annual Nexeo net synergies by early 2022.
Some better-ranked stocks in the basic materials space are Fortescue Metals Group Limited (FSUGY - Free Report) , Ashland Global Holdings Inc. (ASH - Free Report) and Impala Platinum Holdings Limited (IMPUY - Free Report) .
Fortescue has a projected earnings growth rate of 107.8% for the current fiscal year. The company’s shares have surged 182.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ashland has an expected earnings growth rate of 83.9% for the current fiscal year. The company’s shares have gained 106.9% in the past year. It currently sports a Zacks Rank #1.
Impala has an expected earnings growth rate of 197.6% for the current fiscal year. The company’s shares have rallied 483.3% in the past year. It currently flaunts a Zacks Rank #1.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
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Univar (UNVR) Expands Deal With Sensient, Boosts Portfolio
Univar Solutions Inc. announced an expansion in its agreement with Sensient Technologies for the distribution of synthetic coloring products in Mexico for the food, beverage, nutraceutical and pharmaceutical markets. There is already an existing distribution agreement with Sensient in Canada and Europe.
The deal reinforces Univar’s product portfolio for food, beverage, nutraceutical and pharmaceutical markets. Univar is well-placed to provide differential value to customers throughout the above-mentioned markets through a consistent global approach across the key industries and a global footprint of technical solution centers and a wide product portfolio.
This also complements Sensient’s products as a global producer of customized color solutions with color technology innovation, which helps manufacturers and brands differentiate their products and achieve a competitive advantage.
Univar’s technical team has the expertise to efficiently and effectively support customers' complex color formulation demand through a fully equipped solution center in Mexico City, with both formulation and testing capabilities.
Shares of Univar have surged 198.3% in the past year compared with a 102.1% rise of the industry.
The company, on its last reported quarter’s earnings call, stated that it expects adjusted EBITDA of $630-$650 million for 2021. It also anticipates adjusted EBITDA of $150-$160 million for first-quarter 2021.
Univar is also actively managing its expenses and reducing costs to maintain its financial strength. These savings represented more than $20 million in cost reductions for 2020, which are incremental to the net synergies achieved from the Nexeo acquisition of $46 million. It expects to achieve $120 million in annual Nexeo net synergies by early 2022.
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 Fortescue Metals Group Limited (FSUGY - Free Report) , Ashland Global Holdings Inc. (ASH - Free Report) and Impala Platinum Holdings Limited (IMPUY - Free Report) .
Fortescue has a projected earnings growth rate of 107.8% for the current fiscal year. The company’s shares have surged 182.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ashland has an expected earnings growth rate of 83.9% for the current fiscal year. The company’s shares have gained 106.9% in the past year. It currently sports a Zacks Rank #1.
Impala has an expected earnings growth rate of 197.6% for the current fiscal year. The company’s shares have rallied 483.3% in the past year. It currently flaunts a Zacks Rank #1.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>