Comparing the current results to its competitors, Univar Solutions Inc reported Revenue decrease in the 2 quarter 2023 year on year by -14.67 %, faster than the overall decrease of Univar Solutions Inc 's competitors by -13.92 %, recorded in the same quarter.
Univar Solutions Inc Net Income in the 2 quarter 2023 fell year on year by -45.42%, while most of its competitors have experienced a contraction in net income by -45.14 %.
Univar Solutions Inc 's Comment on Competition and Industry Peers
The chemical production, distribution and sales markets are highly competitive.
Most of the products that we distribute are made to industry standard specifications
and are either produced by, or available from, multiple sources or the producers
with which we work may also sell their products through a direct sales force
or through multiple chemical distributors.
Chemical distribution itself is a fragmented market in which only a small number
of competitors have substantial international operations. Our principal large
international competitor is Brenntag, which has a particularly strong position
in Europe.
Many other chemical distributors operate on a regional, national or local basis
and may have a strong relationship with local producers and customers that may
give them a competitive advantage in their local market. Some of our competitors
are either local or regional distributors with a broad product portfolio, while
others are niche players which focus on a specific end market, either industry
or product-based.
Chemical producers may also choose to limit their use of third party distributors,
particularly with respect to higher margin products, or to partner with other
chemical producers for distribution, each of which could increase competition.
We compete on the basis of price, diversification and flexibility in product
offerings and supply availability, market insight and the ability to provide
value-added services.
The independent chemical distribution market in North America is fragmented.
Our principal competitors in North America include Brenntag, Helm America, Hydrite
Chemical, Prinova and Nexeo Solutions. We also compete with a number of smaller
companies in certain niche markets.
Evi Industries Inc has a diversified business model that focuses on providing energy management and automation solutions to various industries. They offer equipment sales, installation, rental, and repair services along with customized maintenance programs to ensure optimal performance and energy efficiency. Furthermore, the company provides facility maintenance services such as cleaning, HVAC maintenance, and plumbing to commercial and institutional customers.
Sources:
Univar Solutions Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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