Univar (UNVR) Reports Q2 Loss Per Share of 2c

Univar (NYSE: UNVR) reported Q4 EPS of ($0.02), $0.10 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.99 billion.

• Adjusted EBITDA declined 6.5 percent from $641.7 million to $600.1 million

Outlook

In 2016, the company expects slowing global demand for basic and specialty chemicals across several end markets it serves. The company intends to continue to invest in targeted growth initiatives and in acquisitions while executing sustainable cost reduction programs. On a reported basis, the company expects to generate Adjusted EBITDA modestly below the $600.1 million earned in 2015. This result anticipates lower chemical prices for certain products and ongoing pressures from foreign currency translation, as well as continued headwinds in upstream oil and gas, particularly in the first half of the year. These will be partially offset by the benefit of organic growth initiatives, acquisitions, and lower costs.

For the first quarter of 2016, the company expects Adjusted EBITDA on a reported basis to be about 10 percent below the $129.6 million reported in the fourth quarter of 2015.

"Our performance in 2015 reflects well on the broad diversity of our asset-light business model that helps provide stability, less cyclicality, and strong cash flow even in the face of significant headwinds," said Fyrwald. "Although we expect there will be ongoing uncertainty in the market, our model is working, and we have a solid strategy and team to execute in both good and challenging macroeconomic environments."

For earnings history and earnings-related data on Univar (UNVR) click here.

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