Univar Inc (UNVR) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.16. The company posted revenue of $2262.50 million in the period, compared to analysts expectations of $2225.21 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Many Wall Street Analysts have commented on Univar Inc. Univar Inc was Resumed by Credit Suisse to “Neutral” on Jun 17, 2016.
Univar Inc opened for trading at $18.67 and hit $19.05 on the upside on Monday, eventually ending the session at $18.86, with a gain of 1.18% or 0.22 points. The heightened volatility saw the trading volume jump to 2,60,392 shares. Company has a market cap of $2,602 M.
In a different news, on May 6, 2016, Stephen D Newlin (director) purchased 22,000 shares at $16.80 per share price. According to the SEC, on Mar 1, 2016, Christopher D Pappas (director) purchased 30,000 shares at $15.77 per share price. On Sep 30, 2015, J Erik Fyrwald (CEO) purchased 10,000 shares at $18.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Univar Inc. is a global chemical distributor and provider of services. The Company source chemicals from over 8800 producers worldwide and provide a range of products and services to over 133000 customer locations in over 150 countries. The Companys customers includes Akzo Nobel Dow Chemical Company Henkel Ecolab PPG Valero Energy FMC Corporation Georgia-Pacific and Kellogg Company. The Company operates in its geographical segments: Univar USA (USA) Univar Canada or Canada Univar Europe and the Middle East and Africa or EMEA and Rest of World. The Company serves all of the premier United States oil and gas plays including Bakken Eagle Ford and Marcellus as well as the Canadian oil sands.