Veritiv (VRTV) Misses Q1 EPS by 97c, Revenues Miss

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Go back to Veritiv (VRTV) Misses Q1 EPS by 97c, Revenues Miss

Veritiv Announces First Quarter 2019 Financial Results

May 9, 2019 8:00 AM EDT

ATLANTA, May 9, 2019 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a North American leader in business-to-business distribution solutions, today announced financial results for the first quarter ended March 31, 2019.

"In the first quarter we generated a significant improvement in cash flow.  However, volume declines in our Print segment and general market softness impacted our revenues and earnings," said Mary Laschinger, Chairman and CEO of Veritiv Corporation. "Given the challenging market conditions in certain parts of our business, we are lowering our 2019 guidance for Adjusted EBITDA from the previous range of $190 to $200... More