Univar Solutions Inc.
UNVR
recently announced an agreement with Emerald Kalama Chemical for the distribution of Kalaguard SB Sodium Benzoate in the United States. Through this agreement, Univar broadens its portfolio of environment-friendly options. Kalaguard SB is the first and only Environment Protection Agency (EPA) registered sodium benzoate preservative, which is available for homecare applications.
The alliance with Emerald will enable Univar to launch this product to customers with Emerald’s technical support. This will help the transition to Kalaguard SB easier and help customers with any problems that they might face.
Univar and Emerald are both dedicated toward driving and delivering growth and innovation in the homecare market as well as launching new chemistries and solutions to help customer businesses succeed.
Shares of Univar have declined 22.3% in the past year compared with 7.9% rise of the
industry
.
Univar is expected to benefit from market expansion and strategic acquisitions. The company is also focused on expense management and productivity actions. It also has a strong liquidity position. The company expects adjusted EBITDA in the range of $140-$145 million for the fourth quarter of 2020. Univar projects adjusted EBITDA in the band of $629-$634 million for 2020.
Zacks Rank & Key Picks
Univar currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks worth considering in the basic materials space are
Bunge Limited
BG
,
BHP Group
BHP
and
Clearwater Paper Corporation
CLW
.
Bunge has a projected earnings growth rate of 43% for the current year. The company’s shares have gained around 14% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
BHP has an expected earnings growth rate of around 32.4% for the current year. The company’s shares have gained around 21% in the past year. It currently carries a Zacks Rank #1.
Clearwater has an expected earnings growth rate of 1,960.9% for the current year. The company’s shares have surged around 75.6% in the past year. It currently flaunts a Zacks Rank #2 (Buy).
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