Veritiv

Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment primarily in the U.S., Canada, and Mexico. The Publishing segment is involved in the sale and distribution of coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts and direct mail. The Packaging segment provides standard as well as custom and comprehensive packaging solutions for customers based in North America and in key global markets. The Facility Solutions segment sources and sells cleaning, break-room and other supplies such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities primarily in the U.S., Canada and Mexico. The company was founded on July 1, 2014 and is headquartered in Atlanta, GA.

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Earnings data Q3 2024

Veritiv achieves record-breaking 2022 results, poised for strategic growth

Veritiv delivered exceptional financial results in 2022, surpassing key performance metrics and achieving record growth.
The company's strategic initiatives and strong financial position position it well for future opportunities and challenges.
While facing some segment-specific challenges, Veritiv's overall performance and focus on shareholder value creation are commendable.
Opportunities for growth and market expansion exist through strategic investments and continued emphasis on sustainability.

Veritiv reports record margins and strong cash flow in Q1

Veritiv's Q1 2023 performance showcased resilience in challenging market conditions, with record margins in key segments and strong free cash flow. Despite facing industry challenges, the company remains focused on driving growth through strategic initiatives and maintaining financial discipline.

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Veritiv Corp offers printing, publishing, packaging, and facility management services. In addition, the company offers logistics and supply chain management services. Based on the kind of product, it operates in four key segments. The majority of revenue is generated by the Print business, which distributes commercial printing and speciality paper products. The Publishing segment provides publishers and retailers with coated and uncoated commercial printing materials for use in magazines, books, and direct mail. The Packaging division sells a variety of fibre-based, flexible, and stiff paper-based packaging materials. Cleaning, breakroom, toilet, safety, and hazard supplies are sold in the Facility Solutions segment.

When a stock breaks out above the 200-day simple moving average, good things could be on the horizon. How should investors react?

Veritiv (VRTV) Recently Broke Out Above the 200-Day Moving Average

Veritiv Corporation (NYSE:VRTV ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Scott Palfreeman - VP of Finance, IR Sal Abbate - CEO Steve Smith - CFO Conference Call Participants Sandra Liang - Bank of America Operator Good morning. And welcome to Veritiv Corporation's Third Quarter 2022 Financial Results Conference Call.

Veritiv Corporation (VRTV) Q3 2022 Earnings Call Transcript

Third Quarter Financial Highlights Net sales of $1.8 Billion, an increase of 2.1% from prior year; organic sales growth of 14.9% Net Income and Diluted EPS of $96.7 Million and $6.86, respectively Adjusted EBITDA and Adjusted EBITDA Margin1 of $141.3 Million and 7.8%, respectively Net Leverage Ratio of 0.6x Dividend Highlights Company is announcing today that the Board of Directors authorized a quarterly cash dividend of $0.63 per share Annual dividend yield of approximately 2%, based on our recent share price Initial dividend to be paid during fourth quarter 2022 ATLANTA , Nov. 8, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business products, services and solutions, today announced financial results for the third quarter ended September 30, 2022. "Organic sales for the third quarter grew 15% fueled by a combination of above market volume performance in the U.S. corrugated and flexible Packaging businesses, pricing actions, and growth-oriented initiatives within key industry verticals," said Sal Abbate, Chief Executive Officer.

Veritiv Announces Record Third Quarter 2022 Net Income, EPS, Adjusted EBITDA, and Adjusted EBITDA Margin; Initiates Quarterly Dividend; Raises 2022 Earnings Guidance

ATLANTA , Oct. 21, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV) will host a live conference call and webcast to discuss its Third Quarter 2022 financial results on Tuesday, November 8, at 9 a.m. EST. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006.

Veritiv to Release Third Quarter 2022 Financial Results on November 8

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Veritiv's (VRTV) Q2 results gain from double-digit sales growth and year-over-year adjusted EBITDA margin improvements across each segment.

Veritiv (VRTV) Surpasses Q2 Earnings Estimates, Hikes '22 View

Veritiv Corporation (NYSE:VRTV ) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Representatives Sal Abbate - Chief Executive Officer Steve Smith - Chief Financial Officer Scott Palfreeman - Vice President of Finance, Investor Relations Conference Call Participants John Babcock - Bank of America George Staphos - Bank of America Operator Good morning, and welcome to Veritiv Corporation's Second Quarter 2022 Financial Results Conference Call. As a reminder, today's call is being recorded.

Veritiv Corporation (VRTV) CEO Sal Abbate on Q2 2022 Results - Earnings Call Transcript

Second Quarter Financial Highlights Net sales of $1.8 Billion, an increase of 9.8% from prior year; organic sales growth of 18.2% compared to prior year Net Income and Diluted EPS of $91.1 Million and $6.12, respectively Adjusted EBITDA and Adjusted EBITDA Margin1 of $136.3 Million and 7.5%, respectively Net Leverage Ratio of 0.7x ATLANTA , Aug. 9, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business products, services and solutions, today announced financial results for the second quarter ended June 30, 2022. "Double-digit organic sales growth and continued operational excellence contributed to the best performance for any quarter in company history for net income, EPS, Adjusted EBITDA dollars and Adjusted EBITDA margin," said Sal Abbate, Chief Executive Officer.

Veritiv Announces Record Second Quarter 2022 Net Income, EPS, Adjusted EBITDA, and Adjusted EBITDA Margin; Raises Earnings Guidance

ATLANTA , July 19, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its Second Quarter 2022 financial results on Tuesday, August 9, at 9 a.m. EDT. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006.

Veritiv to Release Second Quarter 2022 Financial Results on August 9

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Veritiv's (VRTV) Q1 results gain from double-digit sales growth and year-over-year adjusted EBITDA margin improvements across each of the segments.

Veritiv (VRTV) Surpasses Q1 Earnings Estimates, Ups 22' View

ATLANTA , May 9, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business distribution solutions, announced today the appointment of Autumn R. Bayles to the company's board of directors.

Autumn Bayles Named to Veritiv Board of Directors

Veritiv Corporation (NYSE:VRTV ) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Scott Palfreeman - VP of Finance and IR Sal Abbate - CEO Stephen Smith - CFO Conference Call Participants John Babcock - Bank of America Operator Good morning, and welcome to Veritiv Corporation's First Quarter 2022 Financial Results Conference Call. As a reminder, today's call is being recorded.

Veritiv Corporation (VRTV) CEO Sal Abbate on Q1 2022 Results - Earnings Call Transcript

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