Welcome to our dedicated page for Univar Solutions news (Ticker: UNVR), a resource for investors and traders seeking the latest updates and insights on Univar Solutions stock.
Univar Solutions Inc. (NYSE: UNVR) is a leading global distributor of specialty chemicals and ingredients, representing a premier portfolio from the world's top producers. Headquartered in Downers Grove, Illinois, the company leverages its extensive global network and industry expertise to deliver innovative products and services to essential industries around the world.
With more than 9,000 employees and the industry's largest private transportation fleet, Univar Solutions provides unmatched connectivity and perspective across the markets it serves. The company is committed to improving the quality of life through its products, expertise, and relationships. It focuses on various sectors including food and beverages, beauty and personal care, industrial chemicals, and more.
Univar Solutions recently expanded its agreement with Leprino Foods, enhancing its offerings of nutritional ingredients and dairy products in Brazil and Mexico. The company also strengthened its partnership with Kalsec® Inc. for advanced hop ingredients in the United States, supporting the beverage industry's need for innovative solutions. Additionally, the company has announced a new distribution agreement with dsm-firmenich for personal care ingredients in Mexico, Central America, and the Caribbean.
Financially, Univar Solutions is well-positioned to offer tailored solutions and value-added services, backed by its deep market and regulatory knowledge, formulation and recipe development capabilities, and leading digital tools. The company continues to focus on strategic growth, as evidenced by its recent acquisition of FloChem Ltd., which enhances its market position in Eastern Canada.
Univar Solutions is committed to sustainability and environmental responsibility. The company has pledged to achieve net carbon neutrality by 2050 and is working closely with its supply chain to build a robust roadmap for emissions reduction. This commitment is part of their broader Environmental, Social, and Governance (ESG) initiatives aimed at creating a more sustainable future.
Univar Solutions' operations are guided by a strong set of values and a commitment to helping communities stay healthy, fed, clean, and safe. The company's ongoing partnerships and acquisitions are focused on delivering innovative solutions while maintaining high standards of safety and sustainability.
Univar Solutions (NYSE: UNVR) has been appointed as the distributor for Cabot Corporation's specialty carbon black products in Brazil. This agreement strengthens their existing relationship and aims to enhance sustainability and product performance for customers in the plastics and battery markets. Cabot's products are crucial for improving the efficiency and durability of hybrid and electric vehicle batteries, as well as being versatile for other applications. The collaboration is expected to benefit customers by providing innovative materials backed by technical support and commercial excellence.
Univar Solutions, a global distributor of specialty chemicals, announced the expansion of its agreement with ANGUS Chemical Company to enhance its portfolio for the Homecare & Industrial Cleaning (HIC) market across Europe. This expansion allows Univar to offer ANGUS’ specialty additives, improving the performance and safety of cleaning products. The agreement aims to support sustainable product development and enhance supply chains by providing comprehensive technical assistance and access to innovative ingredients.
Univar Solutions Inc. (NYSE: UNVR) launched the "Destination: Innovation" online hub, highlighting its global network of Solution Centers. These centers support product development across industries. A virtual "Innovation Day" on June 22 will showcase capabilities through interactive sessions with scientists and chefs. The hub aims to enhance customer collaboration and streamline product formulation. With centers located worldwide, Univar emphasizes its commitment to innovation in sectors including Food Ingredients and Pharmaceuticals.
Univar Solutions (NYSE: UNVR) announced a partnership with Motive Energy to install a 1020 kW solar panel system along with a 375 kW/753 kWh energy storage system at its facility in City of Commerce, California. This project aims to significantly reduce the facility's non-renewable energy usage and emissions, removing over 1,300 tons of carbon dioxide annually. This installation is part of Univar's 2025 ESG goal to cut Scope 1 and 2 emissions by 20% and achieve net-zero emissions by 2050, showcasing its commitment to sustainable energy solutions.
Univar Solutions reported a record net income of $180.8 million for Q1 2022, a 173.1% increase from the previous $66.2 million. Adjusted earnings per diluted share rose to $1.07 from $0.43, driven by strong sales growth of 33.7% to $2.9 billion. Adjusted EBITDA surged 75.2% to $319.3 million, improving margins to 11.1%. Full-year guidance for Adjusted EBITDA increased to between $1,000 million and $1,050 million. The company also returned $24 million to shareholders via share repurchases.
Univar Solutions Inc. has appointed Tony Jaillot as the new Vice President of Beauty & Personal Care effective April 13, 2022. With over 25 years of industry experience, he will spearhead the company's efforts in sales, marketing, and technical management in this sector. Jaillot previously held senior roles at companies like BASF and Cargill and possesses a strong background in sustainable products. His leadership aims to enhance Univar's market position and innovation capabilities, leveraging its extensive product portfolio and global support network.
Univar Solutions (NYSE: UNVR) has signed a distribution agreement with Ashland to enhance its specialty ingredient portfolio in Brazil and Mexico. This collaboration will allow Univar to offer Ashland's pharmaceutical excipients, improving formulators' capabilities to deliver advanced drug delivery solutions. The partnership aims to meet rising pharmaceutical demands in Latin America while promoting sustainability and innovation. Univar Solutions emphasizes that this deal will enhance product offerings and improve customer service through its global network of Solution Centers.
Univar Solutions Inc. (NYSE: UNVR) will report its first quarter financial results for fiscal 2022 on May 9, 2022. The news release will go live after market close, accompanied by a slide presentation on the company’s investor relations website. A webcast to discuss the results is scheduled for 9:00 a.m. ET on May 10, accessible through the same website. Univar Solutions continues to leverage its extensive distribution network and logistical expertise to provide value-added services across various industries.
Univar Solutions China Limited has expanded its partnership with Dow to provide UCON™ PAG-based synthetic products in China and Hong Kong. This agreement enhances Univar's portfolio in the lubricants and metalworking fluids sector, building on a long-term relationship established in North America, Latin America, and Europe. The collaboration aims to offer environmentally friendly alternatives to conventional oils and improve service life for various industrial applications. It underscores Univar's commitment to sustainable solutions and innovation in the chemical distribution industry.
Univar Solutions (NYSE: UNVR) has announced a new agreement to distribute Dow Organics' portfolio in Brazil, enhancing their partnership in the beauty and personal care market. This collaboration will provide access to sustainable and biodegradable ingredients across key brands including CELLOSIZE™ and FOAMYSENSE™. The initiative aims to support consumer demand for eco-friendly formulations while leveraging Univar's technical expertise and distribution capabilities. This expansion is expected to boost Univar's portfolio depth and drive innovation in sustainable product offerings.
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