Univar Inc. UNVRlogged a profit (on a reported basis) of $65.4 million or 46 cents per share in first-quarter 2018, rising almost three-fold from $22.6 million or 16 cents a year ago.
Barring one-time items, earnings came in at 42 cents per share in the quarter, surpassing the Zacks Consensus Estimate of 38 cents.
The chemical maker’s revenues rose 8% year over year to $2,158 million in the quarter, beating the Zacks Consensus Estimate of $2,137 million.
Gross profit rose around 10.7% year over year to $486.6 million in the quarter with gains witnessed across all segments. Adjusted EBITDA margin increased 70 basis points to 7.7%.