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Nexeo Solutions, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed Feb 7, 2019. Its latest SEC filing is a SC 13G/A from Feb 13, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Distributes chemicals and plastics, with blending and testing services, to industrial users and plastics processors; provides waste services to businesses that generate hazardous or non-hazardous waste.

How Did They Make Money?

Customers pay for chemicals and plastics products when they are delivered or shipped, depending on the sale terms, and pay for environmental services when those services are provided.

revenue

Who Were Their Customers?

Chemical customers range from global companies to smaller regional businesses; plastics customers are processors, while environmental services go to businesses generating hazardous or non-hazardous waste. Products are sold through Nexeo’s distribution network, with some large orders delivered directly from supplier to customer.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in .

Operating income,
2% of revenue
▲ +44% vs ($67.4M, 2%)
Net income,
1% of revenue
▲ +104% vs ($14.4M, 0%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q1 FY2019, the three months to Dec 31, 2018
Revenue
▲ +1%
vs $929.6M in Q1 FY2018
Net income
▼ −39%
vs $26.5M in Q1 FY2018
  • Mar 1, 2019 Univar completed its acquisition of Nexeo Nexeo became a wholly owned Univar subsidiary and ceased trading on Nasdaq.
  • Feb 8, 2019 Nexeo agreed to sell its plastics distribution business The buyer agreed to pay approximately $640 million in cash, subject to adjustments.

From shell company to materials distributor The older report describes a shell company seeking an acquisition, with no operations or revenue; the latest describes a distributor of chemicals and plastics that also provides environmental services.

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