Veritiv Stock Price, News & Analysis

Veritiv Corporation (NYSE: VRTV) is a prominent North American business-to-business distributor specializing in print, publishing, packaging, facility, and logistics solutions. Headquartered in Atlanta, Veritiv serves a wide array of industries and boasts a revenue stream of approximately $9 billion. The company employs around 8,900 staff members and operates over 180 locations across North America, providing services to more than half of the Fortune 500 companies.

Tracing its roots back more than 150 years, Veritiv leverages a rich history of maintaining high standards in efficiency, integrity, accountability, and customer focus. The company is committed to shaping success through exceptional service, innovative solutions, and consistent values.

In recent news, Veritiv has recorded significant financial achievements despite challenging economic conditions. For the second quarter of 2023, the company reported record Adjusted EBITDA margins for its Packaging and Facility Solutions segments, offsetting industry-wide destocking and slowing demand in Print Solutions. The company generated $94.4 million in operating cash flow for Q2 2023 and $159.3 million for the first half of 2023.

Moreover, Veritiv has entered into an agreement to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R), a move which is expected to enhance its financial and operational flexibility. This transaction, pending customary and regulatory approvals, underscores Veritiv's focus on delivering innovative and sustainable solutions to its customers.

Veritiv continuously adapts to meet market demands, offering a diversified portfolio of products and services, including packaging, JanSan (janitorial and sanitation), hygiene products, and print and publishing solutions. This adaptability positions Veritiv as a key player in the distribution industry, committed to shaping the future through strategic initiatives and partnerships.