Welcome to our dedicated page for Veritiv news (Ticker: VRTV), a resource for investors and traders seeking the latest updates and insights on Veritiv stock.
Veritiv Corporation (NYSE: VRTV), a leading North American distributor of packaging, facility, and logistics solutions, maintains this dedicated news hub for investors and industry stakeholders. Track official announcements including earnings reports, strategic partnerships, and operational developments through our curated collection of press releases and verified updates.
This resource provides essential insights into Veritiv's market position across its core business segments: packaging solutions, facility supplies, and print/publishing services. Stay informed about significant corporate actions like the pending acquisition by Clayton, Dubilier & Rice affiliates and ongoing financial performance in evolving market conditions.
Key content categories include quarterly financial results, merger and acquisition updates, leadership changes, product innovations, and sustainability initiatives. All materials are sourced from official channels to ensure compliance with financial disclosure regulations.
Bookmark this page for streamlined access to Veritiv's latest developments as the company continues serving Fortune 500 clients through its 180+ North American locations. Check back regularly for updates on strategic initiatives shaping the future of B2B distribution solutions.
Veritiv (NYSE: VRTV) announced its Q1 2023 financial results and reaffirmed its 2023 guidance. Key highlights include:
- Net income of $68.7 million, down 12.5% year-over-year
- Diluted EPS of $5.00, a 2.3% decrease
- Adjusted EBITDA of $103.8 million with a margin of 6.9%
- Net sales of $1.5 billion, an 18.7% decrease
- Free cash flow of $68.0 million
The company maintained its full-year 2023 guidance, projecting net income between $265-$305 million and diluted EPS of $19.00-$22.00. Veritiv's Board approved a dividend of $0.63 per share, payable on June 5, 2023. Despite industry-wide destocking and softening demand, the company achieved record first-quarter Adjusted EBITDA margin, attributing its performance to its diversified portfolio and recession-resistant business model.
Veritiv Corporation (NYSE: VRTV) has announced a live conference call and webcast to disclose its first quarter 2023 financial results on May 9 at 9 a.m. ET. Participants in the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers will find access numbers via the provided link. The call will also be available for online listening at ir.veritivcorp.com. Following the live event, a replay will be accessible online. Veritiv is a Fortune 500 company based in Atlanta, offering a wide range of packaging, JanSan, hygiene products, and printing solutions across various industries. More details can be found at www.veritivcorp.com.
FAQ
What is the market cap of Veritiv (VRTV)?
