DOWNERS GROVE, Ill., May 14, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has been appointed the exclu…
ROTTERDAM, Netherlands, May 27, 2020 /PRNewswire/ -- Univar Solutions B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced …
Q1 2020 Univar Solutions Inc Earnings Call
DOWNERS GROVE, Ill., May 11, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today its financial results for the first …
Univar Solutions B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that Valio, Ltd., has selected Univar Solutions…
Shares of Univar Solns (NYSE:UNVR) rose 7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 6.06% over the past year to $0.31, which beat the estimate of $0.28.Revenue of $2,211,000,000 higher by 2.36% year over year, which beat the estimate of $2,120,000,000.Looking Ahead Univar Solns hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 11, 2020View more earnings on UNVRTime: 07:03 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.univarsolutions.com%2Finvestors%2Fevents-and-presentations%2Fdefault.aspx&eventid=2159289&sessionid=1&key=78706CAF860682D131F8846813D05020®Tag=&sourcepage=registerRecent Stock Performance 52-week high: $24.7752-week low: $6.40Price action over last quarter: down 10.55%Company Description Univar Solutions Inc manufactures and sells a variety of specialty chemicals and chemical-based products. The company sells chemicals to a variety of end-users including customers in the coating and adhesives, agriculture, chemical manufacturing, food ingredients, cleaning and sanitization, pharmaceuticals, personal care, and mining industries. Univar also offers a range of services that include automated tank monitoring, chemical waste management, and specialty chemical blending. The company organizes itself into four segments based on geography: the United States; Canada; Europe and the Middle East and Africa; and the rest of the world. The majority of revenue comes from the United States.See more from Benzinga * Scorpio Bulkers: Q1 Earnings Insights * Cleveland-Cliffs: Q1 Earnings Insights * Victory Capital Holdings: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Investment bank Goldman Sachs has been analyzing the market performance, and has a mixed outlook for the year – not necessarily bad news for the long term, but an acknowledgement that we’re not completely certain what the economic cycle has in store. David Kostin, Goldman Sachs' chief U.S. equity strategist, predicts that the market has not found its true bottom yet, and has to meet three conditions before it can. Kostin notes that the current peak-to-trough time, of just 23 trading days, is an order of magnitude faster than the median – which stands at 17 months. But there is hope on the horizon: Kostin also believes that the S&P can finish out the year at 3,000.The three conditions Kostin sees as essential to a true market bottom are: A slow in the viral spread in the US, allowing investors to understand the actual economic impact; evidence that policy actions by the Federal Reserve and Congress are showing success in limiting the damage; and a bottoming out in both investor sentiment and positioning.Once the bottom is reached, Kostin sees a quick rebound in the offing. With that in mind, Goldman's stock analysts remind investors that compelling opportunities can still be found. Using TipRanks database, we were able to pinpoint 3 stocks that are Buy-rated and backed by the analysts from Goldman Sachs as well as the rest of the Street. To top it all off, each stands to see over 35% gains in the next year. Columbia Property Trust (CXP)We’ll start in commercial real estate, with an REIT focused on urban office properties. Columbia Property Trust holds some 6.8 million square feet of office space in New York, San Francisco, and Washington DC, with smaller investments in Los Angeles and Boston. Three of these cities – NY, LA, and San Fran – are hard-hit by coronavirus or the lockdown policies implemented to halt its spread. That should hurt a commercial landlord, but Columbia also has over 6 years remaining on its average lease, and those long remaining terms, along with a high occupancy rate of 97%, help to insulate the company from immediate difficulties.A solid end to 2019 also put Columbia in a fair position to meet the current downturn. The company met the earnings forecast, showing 34 cents per share, while the $68.73 million revenues beat the estimates by 3.1%. The earnings were more than enough to keep up the 21-cent quarterly dividend. The payout ratio, at 61%, is low for the sector – but also shows that the company can easily afford its dividend. At 7.6%, the yield is excellent, far ahead of both the average yield on the S&P 500 and the yield on Treasury notes.5-star analyst Richard Skidmore, covering CXP for Goldman Sachs, sees the stock with a clear near-term path to weather the current storm. Skidmore writes, “CXP has approximately 2% of its portfolio expiring in 2020, so we see limited downside risk resulting from the current environment. We expect growth to accelerate in 2021/2022 driven by expiration renewals… From a liquidity perspective, CXP has $314mn available under its revolving credit facility, so we believe CXP has adequate liquidity to fund its operations…”Skidmore backs his Buy rating on the stock with a $16 price target, indicative of a 44% upside potential. (To watch Skidmore’s track record, click here)Overall, CXP shares have a Strong Buy from the analyst consensus, based on 3 Buy ratings and 1 Hold. The stock is selling for a low $11.10, and the $21.25 average price target suggest room for 91% upside growth in the coming 12 months. (See Columbia stock analysis on TipRanks)Celanese Corporation (CE)Next up, we’ll switch to the chemical industry, where Texas-based Celanese holds a global niche. The company produces acetyl products, a vital molecular compound with applications in a wide range of industries. Celanese is also the largest producer of vinyl acetate monomer, a vital component of industrial polymers and adhesives.The coronavirus pandemic, by forcing workplace closures to halt the viral spread, has halted operations and put serious pressure on the company. This comes on the heels of a disappointing fourth quarter, in which demand fell and earnings and revenues both missed the estimates. EPS, at $1.99 cents, was down 16% year-over-year, and revenues declined 15% over the same period.On a positive note, Celanese boasted $179 million in free cash flow for the quarter, well ahead of the $144 million in capital expenditure. The company was easily able to maintain its 62-cent quarterly dividend, with a moderate payout ratio of 31%. At $2.48, the annualized payment gives a yield of 3.6%.Goldman Sachs 5-star analyst Robert Koort has been covering CE shares, and sees them in an advantageous position right now – enough that he upgraded his stance on the stock from Neutral to Buy. His $95 price target implies an upside potential of 38%. (To watch Koort’s track record, click here)Defending his position on CE, Koort writes, “…the company has shown an ability to maintain meaningful free cash generation during previous economic downturns. Additionally, a significantly improved and less capital intensive business mix, and strategic acquisitions have driven structurally higher cash generation capabilities through the cycle, as evidenced by steep increases and relative stability in FCF generation over the last 7 years.”It appears consensus sentiment matches well with Koort's bullish stance, with TipRanks analytics showing CE as a Buy. Based on 17 analysts tracked in the last 3 months, 10 rate the stock a "buy," while 7 suggest "hold." The 12-month average price target stands at $104.36, marking a 52% upside from where the stock is currently trading. (See Celanese stock analysis on TipRanks.)Univar Solutions (UNVR)Last on our list is another player in the chemical industry. Univar is an ingredients distributor, providing an enormous range of chemicals, solvents, and additives needed by industrial chemical manufacturers in completing their formulations. The company bills itself as the one-stop-shop in supplying the major chemical manufacturers, and its $9.3 billion in 2019 revenue, up 8% year-over-year, underlines the importance of that niche.Q4 revenues were in-line with the 2019 total. At $2.2 billion, the quarterly total showed 9% year-over-year growth. EPS, however, was down; the 29 cents reported fell 4 cents from the year-ago number. Like Celanese above, however, Univar finished 2019 with plenty of cash on hand. The company reported some $330.3 million available, a 172% increase.This is another stock reviewed by GS’s Robert Koort. Like CE above, Koort gives UNVR an upgrade, raising his outlook to a Buy. Koort gives the stock a $15 price target, showing confidence in a 51% upside for the coming year. (To watch Koort’s track record, click here)Commenting on Univar, Koort wrote, “When looking at prior periods of economic weakness, distributors have broadly proven to perform relatively in-line with the market… we believe the stock has underperformed driven by several factors. First, during the last quarterly earnings call UNVR provided disappointing FCF guidance… We see this dynamic improving as the FCF guidance for 2020 assumed a back-end loaded improvement in sales. Should the macro environment falter… this could result in improving FCF...”UNVR shares are heavily discounted after the market’s recent slide, selling for just $9.89 now. The average price target is $24.88, and implies a powerful growth potential: 152% for the coming year. The stock gets a Moderate Buy rating from the analyst consensus, based on a 3 to 2 split of Buys versus Holds. (See Univar’s stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or the "Company"), a global chemical and ingredient distributor and provider of value-added services, today announced that its upcoming 2020 Annual Meeting of Stockholders ("Annual Meeting") will be held in a virtual only format in light of public health concerns regarding the coronavirus (COVID-19) pandemic. The Annual Meeting will still be held on Thursday, May 7, 2020, at 8:30 a.m. Central Daylight Time.
ROTTERDAM, Netherlands, May 27, 2020 /PRNewswire/ -- Univar Solutions B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced …
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today it has worked closely with ExxonMobil to help support the Transportation Security Administration (TSA) in its recent efforts to safeguard the health and well-being of TSA Transportation Security Officers (TSOs) and passengers in airports across the nation as a result of the spread of the Coronavirus disease (COVID-19).
Europe, Univar B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "The Company"), a global chemical and ingredient distributor and provider of value-added services, announced today it has joined forces with INEOS for the "Hands On!" campaign to help combat shortages in commercial hand sanitizer products in Europe.
Potential Univar Solutions Inc. (NYSE:UNVR) shareholders may wish to note that the Independent Chairman & Lead...
The deal enables Univar (UNVR) to further boost its partnership with Dow to address the needs of North American customers and drive new growth opportunities.
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced the appointment of Christopher D. Pappas as independent Chairman of its Board of Direc…
Univar (UNVR) gains from the Nexeo buyout in Q1 despite reduced demand in the global industrial markets and price deflation.
Univar Solutions B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that Valio, Ltd., has selected Univar Solutions to distribute its Eila® lactose free milk powders to create new opportunities in the food industry across a number of European countries including Sweden, United Kingdom, Ireland, Benelux (Belgium, Netherlands, Luxembourg), France, Germany, Austria, Switzerland, and Greece. The product range will allow food manufacturers in the region to deliver new recipes that satisfy the growing consumer trend around lactose free products.
Insider buying can be an encouraging signal for potential investors.A red-hot cult stock saw a beneficial owner adding to its stake this week.Some insiders were making purchases in the wake of earnings reports.Conventional wisdom says that insiders and 10% ow…
The distribution deal enables Univar (UNVR) to cater to the needs of producers, who are seeking an increasing quantity of lactose-free solutions.
UNVR earnings call for the period ending March 31, 2020.
Univar (UNVR) delivered earnings and revenue surprises of 19.23% and 6.51%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
DOWNERS GROVE, Ill., May 14, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has been appointed the exclu…
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced the appointment of Christopher D. Pappas as independent Chairman of its Board of Directors. As part of the Company's progress towards exemplifying governance best practices, the Company had previously announced its intention to appoint an independent Chairman and today marks the achievement of that important milestone.
Guru invests in equipment rental company, thermal management, oil and shipping Continue reading...
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today its financial results for the first quarter ended March 31, 2020.
DOWNERS GROVE, Ill., May 11, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today its financial results for the first …
DOWNERS GROVE, Ill., May 7, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced the appointment of Christopher D. Pap…
Univar (UNVR) plans to offer a revised outlook for 2020, once it gets more clarity on the implications of the coronavirus outbreak on its business.
Here Is What Hedge Funds Bought And Sold In The Q1 Chaos: Full 13F Summary Tyler Durden Sat, 05/16/2020 - 13:00 Amid a selling panic that at times surpassed the liquidation observed during both the financial crisis and the great depression, hedge funds …
UNVR earnings call for the period ending March 31, 2020.
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has been appointed the exclusive distributor of VORASURF™ Silicone Polyurethan…
Seth Klarman’s 13F portfolio value decreased from $9.06B to $6.77B this quarter.Baupost Group increased eBay, HP, and ViacomCBS while dropping Bristol-Myers Squibb and Synchrony Financial. They also added large positions in Alphabet and Facebook during the qu…
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced that on May 11, 2020 it plans to report financial results for the first quarter of fiscal 2020.
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has been appointed the exclusive distributor of VORASURF™ Silicone Polyurethane Additives from Dow across North America. Dow's silicone additives and surfactants enable improved foam properties by bringing a range of flexibility and rigidness to foam and complement Univar Solutions existing elastomers product line.
Insider buying can be an encouraging signal for potential investors.A red-hot cult stock saw a beneficial owner adding to its stake this week.Some insiders were making purchases in the wake of earnings reports.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week.Peloton Interactive A 10% owner of Peloton Interactive Inc (NASDAQ: PTON) added 150,000 shares of this fitness products provider to its stake. At a per-share price of $33.40, that totaled almost $5.01 million. This same beneficial owner also purchased 50,000 shares back in April.Analysts are bullish on the stock, which ended last week's trading at $43 per share, so the above purchase seems well-timed. The share price is up more than 95% since Peloton's year-to-date low in March.Univar Solutions Univar Solutions Inc (NYSE: UNVR) saw its chief financial officer purchase 250,000 shares of this chemicals company last week at prices averaging $13.33 per share. That cost that executive more than $3.33 million and was pursuant to a Rule 10b5-1 stock trading plan established in February.Univar recently named a new board chair and it is scheduled to post earnings this week. The stock ended last week at $15.05, well above the CFO's purchase price. Shares are up more than 72% from their year-to-date low in March.GEO Group The GEO Group Inc (NYSE: GEO) CEO George Zoley returned to the buy window in the wake of an earnings beat. He bought 250,000 shares at prices ranging from $11.09 to $11.50. That totaled almost $2.84 million. Note that 100,000 of those shares were acquired via trust for the benefit of his children.Shares of this health care facilities-focused real estate investment trust closed most recently at $11.50. Also note that the stock traded above $18 a share before the pandemic panic-selling back in March.Illinois Tool Works Illinois Tool Works Inc. (NYSE: ITW) CEO Ernest Scott Santi and one other director shelled out $158.42 to $159.19 per share for more than 7,800 shares altogether of this industrial products maker. That cost them almost $1.25 million, and the transactions came in the wake of a mixed first-quarter report.The latest close at $161.01 per share is above their purchase prices. The stock is up about 28% since its year-to-date low in March, while the S&P 500 is about 25% higher in that time.See also: Elon Musk Says Tesla Battery Patent 'Way More Important Than It Sounds'In addition, note that there was some amount of insider buying at American International Group Inc (NYSE: AIG), Discover Financial Services (NYSE: DFS), TransDigm Group Incorporated (NYSE: TDG) and Wyndham Hotels & Resorts Inc (NYSE: WH) last week as well.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Bulls And Bears Of The Week: American Airlines, Peloton, Roku And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.