Univar Inc.UNVR is a global distributor of chemicals and innovative services. Let’s have a quick look at the chemical company’s fourth-quarter 2017 release.
Earnings
Univar’s adjusted earnings for the reported quarter were 34 cents, topping the Zacks Consensus Estimate of 25 cents.
Univar recorded net sales of $1,959.2 million, up roughly 8.1% year over year. It surpassed the Zacks Consensus Estimate of $1,849 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Univar for the fourth quarter has been stable over the past month. Univar has delivered an average positive surprise of 21.9% over the trailing four quarters.
Key Stats/Developments to Note
For full-year 2018, Univar sees adjusted EBITDA growth of low-double digits and revenue growth of mid-single digit. For 2018, adjusted earnings have been forecast to be in the range of $1.60-$1.80 per share. Adjusted EBITDA for first-quarter 2018 is forecast to grow around 10%.
Univar’s shares were inactive in premarket trading. It would be interesting to see how the market reacts to the results during the trading session today.
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