Univar earnings tumble on lower sales, industrial demand; reorganization announced

MOSCOW (MRC) -- Univar reported second-quarter net income down 89.0% year-on-year (YOY), to USD1.8 million, on net sales down 22.3%, to USD2.01 billion, said Chemweek.Adjusted earnings totaled 33 cents/share, down 21.4% YOY and ahead of analysts' consensus estimate of 23 cents/share, as reported by Refinitiv (New York, New York). Sales declined due to lower demand in industrial end market

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