Verso Paper (VRS) Tops Q2 Revenues; Offers 3Q Revenue Outlook Below Consensus

Verso Paper (NYSE: VRS) reported Q2 EPS of $. Revenue for the quarter came in at $585 million versus the consensus estimate of $579.52 million.

Guidance

The Company is providing the following guidance:

• 2017 Third Quarter
  • Sales of $625-640 million
  • Price increases announced effective July and August
  • Capital expenditures of $16-20 million
  • Inventory flat to down slightly

• 2017 Full Year
  • Capital expenditures of $55-60 million, down from $73 million in 2016, down from Q1 estimate of $55-65 million
  • SG&A of $100-110 million, down from Q1 estimate of $110-115 million

GUIDANCE:

Verso Paper sees Q3 2017 revenue of $625-640 million, versus the consensus of $663.84 million.

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

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