Revenue Update on Univar Inc(NYSE:UNVR)

Univar Inc(NYSE:UNVR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $2.26B. Analysts estimated a revenue of $2.23B. Earnings per share were $0.29. Analysts had estimated an EPS of $0.16.

In a different note, On Jun 24, 2016, Barclays said it Downgrades its rating on Univar Inc. The shares have been rated ‘Equal-weight’ by the firm.

Univar Inc (UNVR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.75% or 0.14 points. Due to strong positive momentum, the stock ended at $18.88, which is also near the day’s high of $18.99. The stock began the session at $18.67 and the volume stood at 12,38,234 shares. The 52-week high of the shares is $23.5 and the 52 week low is $10.65. The company has a current market capitalization of $2,605 M and it has 13,79,66,790 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Stephen D Newlin (director) purchased 22,000 shares at $16.80 per share price.Also, 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 Company’s 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.

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