Verso Corporation (VRS) Reports Q1 EPS of $1.52

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Go back to Verso Corporation (VRS) Reports Q1 EPS of $1.52

Verso Corporation Reports First Quarter 2020 Financial Results

May 11, 2020 6:30 AM EDT

MIAMISBURG, Ohio, May 11, 2020 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the first quarter of 2020.

First Quarter 2020 Highlights:

Net sales of $471 million, down $168 million compared to first quarter 2019 Net income of $54 million or $1.52 per diluted share, including $88 million gain on sale of our Androscoggin and Stevens Point mills, compared to net income of $36 million or $1.03 per diluted share in first quarter 2019 Adjusted EBITDA of $35 million, versus $69 million in first quarter 2019

Overview "Our top concern during the... More