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Ultrapar Holdings Inc. (B3:UGPA3 / NYSE: UGP), a prominent player in the Oil, Gas & Consumable Fuels industry with a market capitalization of $3.2 billion, has announced the filing of its 2024 Form 20-F annual report with the U.S. Securities and Exchange Commission (SEC) on Tuesday. According to InvestingPro analysis, the company currently trades at attractive valuations, with metrics suggesting potential undervaluation. The document, which details the company’s financial performance and operations for the year ended December 31, 2024, is now accessible to the public.
The Form 20-F is a comprehensive report filed annually by foreign private issuers with securities listed on U.S. exchanges. The filing includes the company’s audited financial statements, providing a detailed view of its financial health and compliance with applicable U.S. financial reporting requirements. InvestingPro data reveals the company maintains strong financial health with a current ratio of 1.53, indicating liquid assets exceed short-term obligations.
Investors and interested parties can download the report from Ultrapar’s investor relations website. Additionally, Ultrapar has offered to provide a hard copy of the audited financial statements free of charge upon request via email to the Investor Relations Department.
The announcement was made by Alexandre Mendes Palhares, Ultrapar’s Chief Financial and Investor Relations Officer, underscoring the company’s commitment to transparency and adherence to regulatory requirements.
Ultrapar’s timely disclosure ensures that shareholders and potential investors have access to essential information that may influence investment decisions. The filing also satisfies the company’s reporting obligations under the Securities Exchange Act of 1934.
As a foreign private issuer, Ultrapar’s compliance with SEC regulations highlights its dedication to maintaining international standards of corporate governance and financial reporting. The availability of the Form 20-F reinforces the company’s openness and accountability to its global investor base.
This news is based on a press release statement and provides investors with the latest information regarding Ultrapar’s financial disclosures.
In other recent news, Citi analyst Gabriel Barra has adjusted the price target for Ultrapar Participacoes SA (NYSE:UGP) to R$22.50, down from R$24.50, while maintaining a ’Buy’ rating. The revision comes ahead of Ultrapar’s fourth-quarter 2024 earnings report, which is anticipated to show Net Revenues of approximately R$34.2 billion. This figure represents a 3% decrease from the previous quarter but a 2% increase compared to the same period last year. Adjusted EBITDA is projected to be around R$1.4 billion, reflecting an 8% decline from the prior quarter and a 17% drop year-over-year. Net Income is expected to fall significantly to R$347 million, marking a 50% decrease quarter-over-quarter and a 69% decline year-over-year, largely attributed to lower performance from the Ipiranga segment. Despite these declines, Barra noted that Ultrapar is likely to report strong operating cash flow for the quarter, aided by a significant release of working capital. The adjusted price target reflects lowered earnings estimates and an increased risk-free rate. Additionally, Ultrapar remains part of Citi’s MVPs basket, supported by its current low valuation multiples.
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