Univar (UNVR) Reports In-Line Q1 EPS

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Go back to Univar (UNVR) Reports In-Line Q1 EPS

Univar Reports 2016 First Quarter Financial Results

May 3, 2016 4:05 PM EDT

DOWNERS GROVE, Ill., May 3, 2016 /PRNewswire/ -- 

First Quarter 2016 Highlights (versus First Quarter 2015)

Adjusted EBITDA was $134.1 million, or $139.5 million on currency neutral basis, compared to $145.7 million reported in the prior year. Reported GAAP EPS was $0.10 per share versus $0.20 per share in the same quarter prior year, reflecting the impact of the higher share count from its initial public offering and changes in foreign currency rates. Adjusted EBITDA outside the USA grew 3.8 percent on a reported basis and 13.6 percent on a currency neutral basis. Gross margin increased 140 basis points to 21.5... More

Univar Names Chemical Industry Executive and Board Member Stephen D. Newlin President and CEO; J. Erik Fyrwald to Take New CEO Position

May 3, 2016 4:01 PM EDT

DOWNERS GROVE, Ill., May 3, 2016 /PRNewswire/ -- Univar Inc. (NYSE: UNVR) ("Univar"), a global chemical distributor and provider of value-added services, announced today the appointment of Stephen D. Newlin as President and Chief Executive Officer, effective May 31, 2016. Mr. Newlin has served on the Univar Board of Directors since 2014.

Mr. Newlin, 63, is a deeply accomplished executive with more than 35 years of world-class experience in the chemical... More