Verso Paper (VRS) Reports Q1 EPS of $1.03, Revenues Beat; Offers Q2 Revenue Outlook Below Consensus

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Go back to Verso Paper (VRS) Reports Q1 EPS of $1.03, Revenues Beat; Offers Q2 Revenue Outlook Below Consensus

Verso Corporation Reports First Quarter 2019 Financial Results

May 8, 2019 6:30 AM EDT

MIAMISBURG, Ohio, May 8, 2019 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the first quarter of 2019.

First Quarter 2019 Highlights:

Net sales of $639 million, flat compared to first quarter 2018 Net income of $36 million or $1.03 per diluted share Adjusted EBITDA of $69 million, up $28 million versus first quarter 2018

Overview "Verso had strong first quarter performance despite a very challenging market environment," said Verso Interim Chief Executive Officer Leslie T. Lederer.  "While sales were flat, both price and mix were favorable... More