Verso Paper (VRS) Beats on Q1 Revenues

Verso Paper (NYSE: VRS) reported Q1 EPS of $. Revenue for the quarter came in at $690 million versus the consensus estimate of $615.5 million.

Guidance

The Company is providing the following guidance:

2017 Second Quarter

• Sales of $575-595 million
• Price pressures will continue for the foreseeable future
• Capital expenditures of $13-16 million
• Maintenance expense of $60-70 million, heaviest quarter of 2017

2017 Full Year

• Capital expenditures of $55-65 million, down from $73 million in 2016
• Maintenance costs of $210-220 million, down from approximately $235 million in 2016
• SG&A of $110-115 million
• Cash pension funding of $32-36 million
• Cash taxes of $0-5 million, primarily state income and franchise taxes

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

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