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.

Veritiv Corporation (NYSE:VRTV ) Q4 2022 Earnings Conference Call February 28, 2023 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 Fourth Quarter and Full Year 2022 Financial Results Conference Call. As a reminder, today's call is being recorded.

Veritiv Corporation (VRTV) Q4 2022 Earnings Call Transcript

Fourth Quarter Financial Highlights Net Sales of $1.7 billion, a decrease of 10.8% from prior year; organic sales growth of 1.8% Net Income of $71.6 million, an increase of 25.8% from prior year Diluted EPS of $5.20, an increase of 41.7% from prior year Adjusted EBITDA and Adjusted EBITDA margin1 of $120.8 million and 7.3%, respectively Net Leverage Ratio of 0.4x Full Year 2022 Financial Highlights Net Income $337.9 million, an increase of 133.7% from prior year Diluted EPS of $23.29, an increase of 158.5% from prior year Adjusted EBITDA and Adjusted EBITDA margin1 of $517.9 million and 7.2%, respectively ATLANTA , Feb. 28, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business products, services and solutions, today announced financial results for the fourth quarter and full year ended December 31, 2022. "Disciplined execution of our strategic initiatives and a diversified portfolio contributed to the best fourth quarter and full year net income, EPS, Adjusted EBITDA, and Adjusted EBITDA margin performance in company history," said Sal Abbate, Chief Executive Officer.

Veritiv Announces Record Fourth Quarter and Full Year 2022 Net Income, EPS, Adjusted EBITDA, and Adjusted EBITDA Margin

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ATLANTA , Feb. 7, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 28, at 9 a.m. EST. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006.

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Stephen J. Smith to Retire , Eric J. Guerin to Become SVP and CFO, Effective March 1, 2023 ATLANTA , Dec. 8, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV) today announced that Stephen J.

Veritiv Announces CFO Transition

News for Veritiv Stock (VRTV)