Verso Paper (VRS) Reports Q3 EPS Of $2.45

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Go back to Verso Paper (VRS) Reports Q3 EPS Of $2.45

Verso Corporation Reports Third Quarter 2018 Financial Results

November 7, 2018 6:30 AM EST

MIAMISBURG, Ohio, Nov. 7, 2018 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the third quarter of 2018.

Third Quarter 2018 Highlights:

Net income of $86 million or $2.45 per diluted share; $29 million in special items. Adjusted EBITDA of $108 million, up 130% versus third quarter 2017. Net sales up $83 million, or 13%, from same quarter 2017. Net debt reduced $66 million to a balance of $103 million. Term loan retired.

Overview "Verso's positive momentum continued to strengthen in the third quarter as pricing,... More