Univar's Unit to Provide Services for PMC Products in Mexico
Univar Inc.’s UNVR fully-owned subsidiary ChemPoint.com, Inc. has extended its ties with PMC Biogenix. In Mexico, ChemPoint will manage services including order placement, fulfillment and technical support for PMC's branded products such as Armoslip, Hystrene, Industrene and Kemamide along with the metallic stearate portfolio. The expansion is effective September 2018.
The extended partnership with PMC will allow ChemPoint to meet market needs in Mexico. ChemPoint’s digital innovative tool can reach new customers across market niches, capturing demand for PMC's products.
PMC’s anti-block additives, slip agents and fatty acids should benefit from ChemPoint's unique business model that focuses on demand creation by finding, engaging, nurturing and retaining customers. PMC products are known for their high quality and vast range of uses in sensitive applications.
In a year’s time, shares of Univar have gained around 1.8% against the industry’s decline of 10.2%.
For 2018, Univar continues to expect adjusted EBITDA growth of low-double digits. Adjusted earnings per share for the year are projected in the range of $1.65-$1.85. Moreover, the company expects low double-digit growth in adjusted EBITDA for the third quarter.
Univar is focused on cutting costs, managing expenses and other productivity actions, which are helping it boost margins. The company is likely to gain from its strategic initiatives, efficiency gains and investments.
Univar Inc. Price and Consensus
Univar Inc. Price and Consensus | Univar Inc. Quote
Zacks Rank & Stocks to Consider
Univar is a Zacks Rank #4 (Sell) stock.
A few better-ranked companies in the basic materials space are Air Products and Chemicals, Inc. APD, CF Industries Holdings, Inc. CF and Cabot Corporation CBT.
Air Products has an expected long-term earnings growth rate of 13.3% and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 7.5% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected long-term earnings growth rate of 6% and a Zacks Rank #1. The company’s shares have rallied 57% in the past year.
Cabot has an expected long-term earnings growth rate of 11% and a Zacks Rank #2 (Buy). Its shares have risen 5.8% in a year’s time.
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