Welcome to our dedicated page for Verso news (Ticker: VRS), a resource for investors and traders seeking the latest updates and insights on Verso stock.
Verso Corporation (NYSE: VRS) delivers essential materials for modern commerce through its graphic papers, packaging solutions, and specialty pulp products. This news hub provides investors and industry professionals with timely updates on strategic developments across Verso's operations.
Access authoritative reports on production innovations, acquisition strategies, and market leadership initiatives, including recent expansions like the Thunder Bay operations purchase. Our curated news collection helps stakeholders track operational milestones in commercial printing materials, recycled packaging components, and specialty pulp applications.
Monitor critical updates including earnings disclosures, partnership announcements, and sustainability initiatives. All content is verified for accuracy and relevance to Verso's role in North America's paper manufacturing sector.
Bookmark this page for streamlined access to VRS developments impacting graphic arts supply chains, packaging trends, and industrial material markets. Return regularly for unfiltered insights into corporate strategies shaping paper industry evolution.
Verso Corporation (NYSE: VRS) reported Q2 2020 results, revealing net sales of $268 million, significantly down $334 million from last year. The net loss was $(34) million or $(0.99) per diluted share, an improvement from $(112) million or $(3.23) per share in Q2 2019. Adjusted EBITDA stood at $(9) million, down from $44 million in 2019. The company announced a special cash dividend of $3.00 per share and a quarterly dividend of $0.10, both payable on September 28, 2020. Major challenges stem from reduced demand due to the COVID-19 pandemic.
Verso Corporation (NYSE: VRS) will hold a conference call on August 6, 2020, at 11:30 a.m. (EDT) to discuss its second quarter 2020 financial results. Investors can join the call by dialing the provided numbers or through Verso's website. A replay will be available starting the same day at 1:30 p.m. (EDT) until September 6, 2020. Verso is a leading producer of graphic and specialty papers and is committed to ethical practices and sustainable sourcing.
Verso Corporation (NYSE: VRS) will conduct its 2020 Annual Meeting of Stockholders virtually due to the COVID-19 pandemic. Scheduled for August 5, 2020, at 10:00 a.m. (Eastern Time), the meeting will be accessible via live audio webcast. Stockholders can participate by visiting this link with their control number. Voting is encouraged in advance of the meeting, and the proxy materials remain unchanged despite the location switch. Additional details can be found in the supplemental proxy materials filed on July 21, 2020.
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