Veritiv (VRTV) Tops Q3 EPS by 68c, Offers FY Guidance

Veritiv (NYSE: VRTV) reported Q3 EPS of $2.54, $0.68 better than the analyst estimate of $1.86. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.63 billion.

GUIDANCE:

Veritiv sees 2021 EPS of $8.00-$9.00, versus the consensus of $6.55.

Given the strong financial performance so far this year, the Company is increasing guidance for full year 2021. Diluted earnings per share and net income for full year 2021 are expected to be in the range of $8.00 to $9.00 and $130 to $145 million, respectively. Adjusted EBITDA is estimated to be in the range of $315 to $330 million. Capital expenditures are now estimated to be approximately $25 million and free cash flow for 2021 is expected to be at least $120 million.

For earnings history and earnings-related data on Veritiv (VRTV) click here.

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