Univar Inc. is a global distributor of chemicals and innovative services. The company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials’ handling 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 amid the sluggish macroeconomic environment. However, the company faces headwinds in the upstream oil and gas markets.
Let’s have a quick look at the chemical company’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the fourth quarter has seen an upswing over the past month. Univar has delivered an average negative surprise of 21.81% over the trailing 4 quarters.
Earnings
Univar’s adjusted earnings for the quarter were of 27 cents, topping the Zacks Consensus Estimate of 21 cents.
Revenues
Univar recorded net sales of $1,812.5 million, down 7.8% year over year. It missed the Zacks Consensus Estimate of $1,847.3 million.
Key Stats/Developments to Note
Univar sees low single-digit growth in adjusted EBITDA in the first half of 2017, increasing to near double-digit growth by end-2017. Overall, the company expects to deliver mid-single digit growth in adjusted EBITDA in 2017. For first-quarter 2017, it expects adjusted EBITDA to be modestly higher than last year's first quarter figure of $134.1 million.
Zacks Rank
Currently, Univar has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Univar’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
Image: Bigstock
Univar's (UNVR) Q4 Earnings Top, Sales Miss Estimates
Univar Inc. is a global distributor of chemicals and innovative services. The company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials’ handling 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 amid the sluggish macroeconomic environment. However, the company faces headwinds in the upstream oil and gas markets.
Let’s have a quick look at the chemical company’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the fourth quarter has seen an upswing over the past month. Univar has delivered an average negative surprise of 21.81% over the trailing 4 quarters.
Univar Inc. Price and EPS Surprise
Univar Inc. Price and EPS Surprise | Univar Inc. Quote
Earnings
Univar’s adjusted earnings for the quarter were of 27 cents, topping the Zacks Consensus Estimate of 21 cents.
Revenues
Univar recorded net sales of $1,812.5 million, down 7.8% year over year. It missed the Zacks Consensus Estimate of $1,847.3 million.
Key Stats/Developments to Note
Univar sees low single-digit growth in adjusted EBITDA in the first half of 2017, increasing to near double-digit growth by end-2017. Overall, the company expects to deliver mid-single digit growth in adjusted EBITDA in 2017. For first-quarter 2017, it expects adjusted EBITDA to be modestly higher than last year's first quarter figure of $134.1 million.
Zacks Rank
Currently, Univar has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Univar’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>