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Univar Solutions Inc.

univarsolutions.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Jul 31, 2023. Its latest SEC filing is a SC 13G/A from Feb 1, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Distributes commodity and specialty chemicals and ingredients, and provides related logistics and technical services to manufacturers and other industrial and consumer-products businesses.

How Did They Make Money?

Manufacturers pay Univar for chemicals and ingredients, generally when shipments are completed; customers also pay for services as those services are performed.

FY2022 revenue

Who Were Their Customers?

Chemical producers use Univar to warehouse, market and deliver their products. Manufacturers and other businesses buy through warehouses for smaller orders or receive large orders shipped directly from producers through Univar’s logistics network.

Did Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2022 and turned 3 cents into free cash flow.

Operating income, FY2022
7% of revenue
▲ +72% vs FY2021 ($483.8M, 5%)
Net income, FY2022
5% of revenue
▲ +18% vs FY2021 ($460.6M, 5%)
Free cash flow, FY2022
3% of revenue
▲ +119% vs FY2021 ($179.4M, 2%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Jun 30, 2023
Revenue
▼ −15%
vs $3B in Q2 FY2022
Net income
▼ −46%
vs $162.9M in Q2 FY2022
  • Aug 1, 2023 Apollo Funds completed their acquisition of Univar Solutions The company became an indirect wholly owned subsidiary of Parent, and its common stock stopped trading on the New York Stock Exchange.

Grew. Revenue grew 33% in 4 years, from $8.6B in FY2018 to $11.5B in FY2022, about 7% a year.

Canadian agriculture distribution The older report describes crop protection products sold to Canadian retailers and applicators; the latest report says Univar wound down its Canadian agriculture wholesale distribution business, and crop sciences ceased to be a revenue stream.

Who Did They Compete With?

Competes with Brenntag, IMCD NV, Barentz International NV, and Azelis Group NV

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