Veritiv Announces First Quarter 2020 Financial Results

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Go back to Veritiv Announces First Quarter 2020 Financial Results

Veritiv (VRTV) Tops Q1 EPS by $1.20, Revenues Beat

May 6, 2020 8:03 AM EDT

Veritiv (NYSE: VRTV) reported Q1 EPS of ($0.02), $1.20 better than the analyst estimate of ($1.22). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.63 billion.

"Our consolidated first quarter 2020 results were highlighted by a significant improvement in Adjusted EBITDA and free cash flow as our Optimization program led to improved margins, a reduction in our overall cost structure, and more effective working capital management," said Mary Laschinger, Chairman and CEO of Veritiv Corporation. "As an essential business operating in this challenging environment, we will continue to prioritize and ensure the... More