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Univar Solutions Q1 Profit Rises Amid Softer Revenue, Ups Full Year Earnings Guidance -- Stock Up 3% After-Hours

05/07/2021 12:43

04:26 PM EDT, 05/07/2021 (MT Newswires) -- Univar Solutions (UNVR) on Friday reported adjusted earnings of $0.43 per share in Q1, up from $0.35 per share in the prior-year quarter, and easily surpassing analyst estimates of $0.30 per share in a Capital IQ poll.

Revenue fell to $2.16 billion from $2.21 billion a year ago, but still matched market expectations.

The chemical products distributor expects adjusted Ebitda of $180 million to $190 million for Q2, and $680 million to $700 million for the full year, up from $630 million to $650 million previously.

Price: 25.01, Change: +0.73, Percent Change: +3.01