Univar reports Q4 adj. EPS 33c, consensus 32c
Reports Q4 revenue $1.97B, consensus $1.99B. "We continued to improve on our global execution in the fourth quarter despite challenges in Canada and softer than forecasted demand from most industrial end markets," said David Jukes, president and CEO. "In particular, improved sales force and operational execution in our USA segment drove Adjusted EBITDA growth in a quarter when customer demand and purchasing behavior was dampened by macroeconomic uncertainty. We remain focused on our strategic growth priorities," Jukes continued, "Including our ongoing USA transformation and progress toward the close of our Nexeo acquisition, which we expect will significantly enhance and accelerate our ability to grow and drive shareholder value. We are confident our strategy is working and is positioning Univar for long-term, sustainable growth."