Jefferies Starts Univar (UNVR) at Buy
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Univar Reports Second Quarter 2015 Financial Results
July 29, 2015 7:00 AM EDTDOWNERS GROVE, Ill., July 29, 2015 /PRNewswire/ --
Second Quarter 2015 Highlights (Versus Second Quarter 2014)
Reported Adjusted EBITDA of $168.6 million declined 4.4 percent from $176.4 million, but increased 1.5 percent on a currency neutral basis, despite significantly lower chemical demand in upstream oil and gas markets in the U.S. and other regions. Reported net loss of $12.4 million compared to $19.5 million net income in the prior year, largely due to $26 million in after-tax expenses related to the Company's initial public offering ("IPO") and debt refinancing. Gross profit margin and Adjusted EBITDA margin increased during the... More