Verso Corporation (VRS) Q3 Revenue Misses Consensus

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Go back to Verso Corporation (VRS) Q3 Revenue Misses Consensus

Verso Corporation Reports Third Quarter 2019 Financial Results

November 12, 2019 7:30 AM EST

MIAMISBURG, Ohio, Nov. 12, 2019 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the third quarter of 2019.

Net sales of $616 million, down $88 million compared to third quarter 2018 Net income of $30 million, compared to net income of $86 million in third quarter 2018 Adjusted EBITDA of $64 million, versus $108 million in third quarter 2018

Overview "In the face of challenging market conditions which resulted in a significantly lower year-over-year third quarter sales volume, Verso reported an adjusted EBITDA of $64 million, a margin of 10.4% and also reduced quarter... More