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 B.V., a subsidiary of Univar Solutions (NYSE: UNVR), announced an exclusive distribution agreement with Kalsec® Inc. to expand its Ingredients & Specialties portfolio. This partnership enhances Univar's offerings in naturally sourced extracts for the food and beverage sectors across Europe. Kalsec, with over 26 years of experience in Europe, is recognized for sustainable solutions and has B Corporation certification, reflecting high standards in sustainability and social responsibility. This collaboration aligns with Univar's commitment to sustainable sourcing and innovative customer solutions.
Univar Solutions (NYSE: UNVR) has announced an agreement with Novozymes to distribute biological cleaning solutions in Brazil, Mexico, Paraguay, Uruguay, and Bolivia. This partnership strengthens existing collaborations in Latin America, Europe, and North America, aiming to provide innovative, eco-friendly cleaning products. Jorge Buckup, president of Latin America for Univar Solutions, emphasized that the agreement aligns with their commitment to sustainability and community health. The expansion caters to growing consumer demand for eco-friendly products, leveraging Novozymes' expertise in enzyme solutions.
Univar B.V., a subsidiary of Univar Solutions (NYSE: UNVR), has announced a new distribution agreement with Tata Chemicals Ltd. for its prebiotic dietary fibers, FOSSENCE® and GOSSENCE®. These fibers will be used in the food, beverage, and nutraceutical industries in select regions including Europe, Turkey, Egypt, and Russia. The partnership aims to enhance the existing relationship from the U.S. and Canada, offering customers faster access to high-quality, health-oriented ingredients. This move aligns with trends in health and wellness, providing additional functional ingredient options for manufacturers.
Univar Solutions Inc. (NYSE: UNVR) has acquired Sweetmix Distribuidora de Matérias Primas Industriais Ltda, enhancing its specialty food ingredients and CASE portfolio in Brazil. The acquisition strengthens Univar's position as a leading distributor in the region, providing new customer and supplier relationships. Key benefits include driving growth, cost synergies, and improved margins. This move aligns with Univar's strategy to expand its Ingredients & Specialties segment while reinforcing existing supplier partnerships.
Univar Solutions B.V. announced an expanded distribution relationship with Calumet to distribute petrolatums and white oils across Europe, including the UK, France, Italy, and Spain. This partnership aims to enhance Univar's specialty oils portfolio, benefiting various sectors such as beauty, personal care, food processing, and pharmaceuticals. The collaboration is expected to improve product availability and customer solutions through a robust technical and sales support network. Both companies emphasize sustainability and continuous improvement in their operations to meet market demands.
Univar Solutions (NYSE: UNVR) will host a virtual meeting for analysts and investors on November 16, 2021, from 11:00 a.m. to 1:00 p.m. Eastern Time. The event, which is open to all interested parties, will include a presentation and a Q&A session with the company's executive leadership. Attendees can access the live webcast via the Univar Solutions website, and a replay will be available approximately five hours post-event. This meeting underscores Univar Solutions' commitment to transparency and engagement with its stakeholders.
Univar Solutions reported strong Q3 2021 results, with net income of $84.4 million and adjusted net income of $106.3 million, significantly up from the previous year. Earnings per diluted share rose to $0.49, with adjusted earnings per share reaching $0.62. Total consolidated net sales increased by 23.8% to $2.5 billion, driven by chemical price inflation and higher industrial demand. The company raised its full-year adjusted EBITDA guidance to $770 million to $780 million. A $500 million share repurchase program was also announced.
Univar Solutions Inc. (NYSE: UNVR) announced its plan to release third-quarter financial results after market close on November 1, 2021. A webcast will follow at 9:00 a.m. ET on November 2, where details will be discussed. Additionally, an analyst day meeting is scheduled for November 16, 2021, promptly starting at 11:00 a.m. ET, and will be conducted virtually due to pandemic concerns. The meetings will provide insights into the company's performance and strategies.
Univar Solutions Inc. (NYSE: UNVR) has expanded its partnership with Novozymes to provide biological solutions for waste and wastewater treatment in the U.S. and Canada. This new agreement enhances Univar's wastewater treatment capabilities, adding Novozymes' advanced biological solutions to its portfolio. The collaboration aims to offer sustainable options for municipal and industrial wastewater treatment, leveraging Novozymes' expertise in enzyme- and microbial technology. This partnership positions Univar Solutions as a leader in the market, focusing on sustainability and innovative water treatment solutions.
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