Univar's Unit Selected as Distributor of Cleaning Products
Univar Solutions Inc.’s UNVR subsidiary, ChemPoint, has been appointed as the distributor of professional series of cleaning products by Gett Products.
Per the agreement, ChemPoint will market, sell and distribute Gett detergents and cleansers, expanding Gett’s presence in the professional cleaning market throughout North America. Further, ChemPoint aims to offer consistent lead times, supply and a wide variety of specialized packages for customers with commercial and industrial end-uses.
Per ChemPoint’s management, it anticipates to transform the go-to market strategy and revolutionize customer engagement, using creative technologies and concentrating on digital modernization.
Notably, Gett professional cleaners are made in the United States and are the latest addition to ChemPoint's already expansive portfolio. Further, these are biodegradable and phosphate-free.
Univar’s shares have lost 14.1% over a year compared with a 5.6% decline recorded by its industry.
Univar, on its first-quarter earnings call, withdrew its 2020 adjusted EBITDA guidance on the impacts of the coronavirus outbreak.
Moreover, for 2020, the company reduced its capital expenditure expectation to $95-$115 million from $120-$130 million.
Univar Inc. Price and Consensus
Univar Inc. price-consensus-chart | Univar Inc. Quote
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the basic materials space are Royal Gold, Inc. RGLD, Sandstorm Gold Ltd SAND and Harmony Gold Mining Company Limited HMY.
Royal Gold has a projected earnings growth rate of 62.1% for the current year. The company’s shares have gained 12% in a year. It currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sandstorm Gold has a projected earnings growth rate of 55.6% for the current year. The stock has grown around 53% in a year. It currently has a Zacks Rank of 2 (Buy).
Harmony Gold has an expected earnings growth rate of 264.3% for 2020. The company’s shares have rallied 163.4% in the past year. It is presently a Zacks #2 Ranked player.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sandstorm Gold Ltd (SAND) : Free Stock Analysis Report
Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report
Royal Gold, Inc. (RGLD) : Free Stock Analysis Report
Univar Inc. (UNVR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
