UPDATE: Verso Paper (VRS) Reports Q4 Sales of $646M

(Update notes consensus includes only one estimate)

Verso Paper (NYSE: VRS) reported Q4 net income of $8 million, and adjusted EBITDA of $92 million. Revenue for the quarter came in at $646 million versus the consensus estimate of $638.4 million (Note: one estimate).

GUIDANCE:

Verso Paper sees Q1 2017 revenue of $600-625 million, versus the consensus of $656 million.

• First quarter term loan amortization and excess cash flow payment to be $14 million
• First quarter capital expenditures of $7-10 million with full year capital expenditures of $55- 65 million
• Full year cash taxes of $0-5 million, consisting of primarily state income and franchise taxes
• Full year pension funding to be $32-36 million
• Maintenance expense to be weighted heavier in the second and third quarter of 2017
• 2017 EBITDA to be lower than in 2016

For earnings history and earnings-related data on Verso Paper (VRS) click here.

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