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.