UNVR - Univar Solutions GAAP EPS of $0.44 misses by $0.09 revenue of $2.6B misses by $110M
- Univar Solutions press release ( NYSE: UNVR ): Q4 GAAP EPS of $0.44 misses by $0.09 .
- Revenue of $2.6B (+4.0% Y/Y) misses by $110M .
- Adjusted EBITDA was $175.4 million compared to $207.1 million in the prior-year fourth quarter. Adjusted EBITDA margin of 6.8 percent compared to 8.3 percent in the prior-year fourth quarter.
- Net cash provided by operating activities increased to $375.6 million from $175.2 million in the prior-year fourth quarter.
- Executed over $200 million of share repurchases during the fourth quarter.
- Outlook:
- The Company expects Adjusted EBITDA to be between $200 million and $220 million for the first quarter of 2023 as compared to $319 million for the first quarter of 2022.
- For full-year 2023, the Company expects Adjusted EBITDA to be within a range of $900 million to $930 million, excluding the effects of pending acquisitions, as compared to $1,046 million for full-year 2022.
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Univar Solutions GAAP EPS of $0.44 misses by $0.09, revenue of $2.6B misses by $110M