Verso Paper (VRS) Tops Q4 EPS by 73c, Revenues Miss; Offers Q1 Revenue Guidance Below Consensus
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Verso Corporation Reports Fourth Quarter and Full Year 2018 Financial Results
February 28, 2019 6:01 AM ESTMIAMISBURG, Ohio, Feb. 28, 2019 /PRNewswire/ --Â Verso Corporation (NYSE: VRS) today reported financial results for the fourth quarter and full year of 2018.
Fourth Quarter 2018 Highlights:
Net sales up $56 million, or 9%, from fourth quarter 2017. Net income of $86 million, up 139% from fourth quarter 2017; $2.44 per diluted share; $22 million special item. Adjusted EBITDA of $96 million, up 48% versus fourth quarter 2017. No debt outstanding, $26 million of cash and cash equivalents at December 31, 2018.Overview "Considerable sales growth, materially enhanced profitability and $211 million in... More
