Verso Paper (NYSE: VRS) reported Q1 EPS of $, versus $0.61 reported last year. Revenue for the quarter came in at $616 million versus the consensus estimate of $628.16 million.

Guidance

The Company is providing the following guidance:

2018 Second Quarter

• Net sales of $625-640 million.
• Capital expenditures are expected to be approximately $30-35 million, including initial investment for the A3 startup project at our Androscoggin Mill.
• Cash pension funding of $7-8 million.
• Major maintenance to increase by $13 million versus 1Q 2018.

Expectations for Full Year 2018

• Revenue and pricing favorable to prior year.
• Continued headwinds in logistics / freight and other input costs.
• Capital expenditures in the range of $60-70 million.
• Cash taxes of $0-5 million, primarily state income and franchise taxes.
• Major maintenance costs up $14-16 million.
• Cash pension funding of approximately $45 million.
• SG&A less than 4% of Net sales.

GUIDANCE:

Verso Paper sees Q2 2018 revenue of $625-640 million, versus the consensus of $626.84 million.

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