reports
Univar and Nexeo Solutions Announce Divestiture of Nexeo’s Plastics ...
Univar and Nexeo Solutions Announce Divestiture of Nexeo’s Plastics Distribution Business to One Rock Capital Partners Transaction valued at approximately $640 millionTransaction expected to close in the first half of 2019; net proceeds will be used to immediately pay down debtNexeo Plastics is a leading global distributor of a broad range of plastics products, including polymer products and engineering resins, to plastics processors in more than 60 countries worldwideBusiness will continue to be led by Shawn Williams, executive vice president, Nexeo Plastics DOWNERS GROVE, Ill. and THE ...
Nexeo Solutions Reports First Quarter Fiscal Year 2019 Financial Resul...
Nexeo Solutions Reports First Quarter Fiscal Year 2019 Financial Results First Quarter 2019 Highlights (Versus First Quarter 2018) Revenue growth of 1%, with continued strong commercial execution in a mixed pricing market environmentNet income for the quarter was $16.2 million, or $0.21 per diluted share. Adjusted net income was $9.8 million, or $0.13 per diluted shareGross profit of $98.7 million and adjusted EBITDA of $40.4 million was the second best first fiscal quarter performance in Company historyNet leverage of 3.9x, decreased from 4.4x in prior year THE WOODLANDS, Texas, Feb. 06...
Nexeo Solutions Announces First Quarter Fiscal Year 2019 Earnings Rele...
Nexeo Solutions Announces First Quarter Fiscal Year 2019 Earnings Release Date and Conference Call Information THE WOODLANDS, Texas, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company") announced today that it will hold its first quarter fiscal year 2019 earnings conference call on Thursday, February 7, 2019 at 9:00 a.m. CT (10:00 a.m. ET). The earnings release is expected to be issued either the day before following market close or the day of the call prior to market open. To participate in the conference call by telephone, please call one of the followi...
Nexeo Solutions Named Distributor for Chemetall in North America
Nexeo Solutions Named Distributor for Chemetall in North America New Agreement Drives Increased Focus in Aerospace, Military and Defense Markets THE WOODLANDS, Texas, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) and The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand announces the expanded distribution relationship to include Chemetall’s surface treatment portfolio developed for the aerospace industry in the United States. Chemetall, a leading global one-stop supplier for Aerospace OEMs and maintenan...
Nexeo Solutions Launches New Sampling Site Focused on Personal Care In...
Nexeo Solutions Launches New Sampling Site Focused on Personal Care Innovation New Site Allows Formulators and Manufacturers 24/7 Access to the Latest in Industry Leading Formulations and Samples Kits THE WOODLANDS, Texas, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO), a leader in chemicals and plastics distribution, announced the launch of its formulations services sampling site, Trends (). The site combines the company’s industry-leading formulation capabilities with digital technology allowing chemists, formulators, and manufacturers to explore thematic sampl...
Nexeo Solutions Reports Fourth Quarter and Fiscal Year 2018 Financial ...
Nexeo Solutions Reports Fourth Quarter and Fiscal Year 2018 Financial Results Fiscal Year 2018 Highlights (Versus Fiscal Year 2017) Revenue growth of 11%, driven by specialty growth and disciplined price execution in an inflationary environmentNet income for the year was $29.4 million, or $0.38 per diluted share. Adjusted net income was $57.0 million, or $0.74 per diluted shareRecord full year gross profit of $460.1 million increased 15.5% from prior yearRecord full year adjusted EBITDA of $209.0 million increased 13.2% from prior yearNet leverage of 3.5x, a decrease from 4.3x last year an...
Nexeo Solutions Named Distributor for Cabot Corporation in West Coast ...
Nexeo Solutions Named Distributor for Cabot Corporation in West Coast and Southwest U.S. Nexeo Solutions Expands Distribution Agreement with Cabot Corporation, Now Covering Canada, North, Northeast, West Coast and Southwest U.S. THE WOODLANDS, Texas, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) and Cabot Corporation (NYSE: CBT) have expanded their agreement to distribute Cabot’s specialty carbon, fumed silica, fumed alumina, dispersion, and aerogel product lines into the west coast and southwest United States. Cabot operates 45 manufacturing facilities in 21 co...
Nexeo Solutions Announces Fourth Quarter and Fiscal Year 2018 Earnings...
Nexeo Solutions Announces Fourth Quarter and Fiscal Year 2018 Earnings Release Date and Conference Call Information THE WOODLANDS, Texas, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company") announced today that it will hold its fourth quarter and fiscal year 2018 earnings conference call on Thursday, December 6, 2018 at 9:00 a.m. CT (10:00 a.m. ET). The earnings release is expected to be issued either the day before following market close or the day of the call prior to market open. To participate in the conference call by telephone, please call one of t...
Univar and Nexeo Solutions Announce Expiration of Hart-Scott-Rodino Wa...
Univar and Nexeo Solutions Announce Expiration of Hart-Scott-Rodino Waiting Period DOWNERS GROVE, Ill. and THE WOODLANDS, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Univar Inc. (NYSE: UNVR) (“Univar”) and Nexeo Solutions, Inc. (NASDAQ: NXEO) (“Nexeo Solutions”) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to the previously-announced acquisition of Nexeo Solutions by Univar, expired on November 15, 2018. The expiration of the waiting period is a condition to the closing of the transaction. The transaction remains...
Nexeo Solutions Named Authorized Distributor of Evonik Acrylic-Based M...
Nexeo Solutions Named Authorized Distributor of Evonik Acrylic-Based Medical Products Nexeo Solutions Expands Product Portfolio in the Medical and Diagnostic Industries With Acrylic-Based Products From Evonik Industries THE WOODLANDS, Texas, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Evonik Cyro LLC (“Evonik”) has selected Nexeo Solutions (NASDAQ:NXEO) to distribute Evonik’s high performance acrylic-based polymer products CYROLITE®, XT® POLYMER, CYREX®, CYROLITE® MD and Vu-Stat® for the medical device and diagnostic industries in the United States, Canada, Puerto Rico, and Latin America effective...
Nexeo Solutions Awarded Silver Rating by EcoVadis
Nexeo Solutions Awarded Silver Rating by EcoVadis Nexeo Solutions Achieves Corporate Social Responsibility Rating Target and Receives Score of 55 from EcoVadis THE WOODLANDS, Texas, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) announced today that it received a score of 55 and was awarded a silver medal in Corporate Social Responsibility (CSR) from EcoVadis, the business sustainability performance and rating organization. In publishing its inaugural 2017 Sustainability Report, “Connecting Sustainable Solutions”, Nexeo Solutions raised its overall CSR Rating sco...
Univar to Acquire Nexeo, Accelerating Transformation and Growth
Univar to Acquire Nexeo, Accelerating Transformation and Growth Combined Company expected to drive growth and shareholder value with North America’s largest sales force, broadest product offering, and most efficient supply chain network in the industry Cash and stock transaction valued at approximately $2.0 billion, including assumption of Nexeo’s debt and other obligations, or $11.65 per share.Highly synergistic combination expected to deliver $100 million, or $0.43 per share after-tax, of annual run-rate cost savings by the third year following close, and immediately reduce annual capi...
Nexeo Solutions Releases New Global Website
Nexeo Solutions Releases New Global Website Nexeo Solutions Enhances the Company Website with Robust Product Search, Multi-language, and Live Chat THE WOODLANDS, Texas, Aug. 30, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO), a leader in chemicals and plastics distribution, announced the launch of its newly enhanced website at its current address. The new website puts the customer experience at the forefront, providing visitors a comprehensive understanding of the Company's value proposition, overall service offerings, and easy access to product information. “We are cont...
Nexeo Solutions Releases 2017 Sustainability Report
Nexeo Solutions Releases 2017 Sustainability Report Nexeo Solutions Increases Sustainability Transparency and Commits to Targets in Inaugural Report THE WOODLANDS, Texas, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) announced the publication of the company’s first sustainability report which follows the Global Reporting Initiative (GRI) Standards. The sustainability report provides an overview of the company’s economic, social and environmental performance for 2017 and outlines targets for the future. The report is available at . "We are taking this opportunity...
Nexeo Solutions Reports Third Quarter Fiscal Year 2018 Financial Resul...
Nexeo Solutions Reports Third Quarter Fiscal Year 2018 Financial Results Third Quarter 2018 Highlights (Versus Third Quarter 2017) Revenue growth of 11%, driven by strong price execution, specialty growth and an improved market environmentNet income for the quarter was $17.5 million, or $0.23 per diluted share. Adjusted net income was $14.8 million, or $0.19 per diluted shareRecord gross profit of $120 million increased 17% from prior yearRecord adjusted EBITDA of $58 million increased 10% from prior yearNet leverage of 3.9x, a decrease from 4.9x last year and 4.1x last quarter THE WOODLA...
Nexeo Solutions Announces Third Quarter Fiscal Year 2018 Earnings Rele...
Nexeo Solutions Announces Third Quarter Fiscal Year 2018 Earnings Release Date and Conference Call Information THE WOODLANDS, Texas, July 31, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) (the "Company") announced today that it will hold its third quarter fiscal year 2018 earnings conference call on Tuesday, August 7, 2018 at 9:00 a.m. CT (10:00 a.m. ET). The earnings release is expected to be issued either the day before following market close or the day of the call prior to market open. To participate in the conference call by telephone, please call one of the following ...
Nexeo Solutions Introduces New Methylene Chloride Free Startex® Paint...
Nexeo Solutions Introduces New Methylene Chloride Free Startex® Paint Strippers THE WOODLANDS, Texas, July 31, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) announced the availability of methylene chloride free alternatives in their Startex® brand of paint strippers. The new products represent a continued effort by the Company to find solutions that meet the challenges faced by customers and end users. With a commitment to providing quality raw materials and consumer-friendly products, Nexeo Solutions has reformulated its Startex® Liquid Paint Stripper and Semi-Paste Paint...
Nexeo Solutions Introduces New Methylene Chloride Free Startex® Paint...
Nexeo Solutions Introduces New Methylene Chloride Free Startex® Paint Strippers THE WOODLANDS, Texas, July 31, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) announced the availability of methylene chloride free alternatives in their Startex® brand of paint strippers. The new products represent a continued effort by the Company to find solutions that meet the challenges faced by customers and end users. With a commitment to providing quality raw materials and consumer-friendly products, Nexeo Solutions has reformulated its Startex® Liquid Paint Stripper and Semi-Paste Paint...
ALBIS Plastics Corporation and Nexeo Solutions Sign Distribution Agree...
ALBIS Plastics Corporation and Nexeo Solutions Sign Distribution Agreement in North America THE WOODLANDS, Texas, July 24, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) and ALBIS Plastics Corporation have signed a distribution agreement for the USA and Canada covering an extensive range of both prime and recycled Polyamide 6 and 6.6 compounds, which are marketed under the ALTECH® and ALTECH® ECO brand names. Both product lines are manufactured at ALBIS’ compounding facility in Duncan, South Carolina. “We are extremely happy to add Nexeo Solutions, a world-class leader in...
Nexeo Solutions Receives Most Valuable Partner Award from Wesco Aircra...
Nexeo Solutions Receives Most Valuable Partner Award from Wesco Aircraft THE WOODLANDS, Texas, June 15, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO), a leader in chemicals and plastics distribution, recently received the Most Valuable Partner – Chemicals Award for 2018 from Wesco Aircraft, one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry. Nexeo Solutions received the award for exceptional technical service and supply chain excellence. The award was presented to Nexeo Solutions’ Matt Ma...
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