UPDATE: Verso Paper (VRS) Reports Q4 Sales of $646M

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Go back to UPDATE: Verso Paper (VRS) Reports Q4 Sales of $646M

Verso Corporation Reports Fourth Quarter and Year End 2016 Results

March 15, 2017 7:50 AM EDT

MEMPHIS, Tenn., March 15, 2017 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the fourth quarter of 2016, including net sales of $646 million, net income of $8 million, and adjusted EBITDA of $92 million, which includes a $25 million gain on the elimination of certain post-retirement benefit obligations. For the full year 2016, results for the predecessor and successor companies are shown below.

Overview "Verso closed out the year with a strong fourth quarter, with adjusted EBITDA exceeding our guidance and a solid foundation to build upon in 2017," said Verso Chief Executive... More