Veritiv Announces Second Quarter 2020 Financial Results
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Veritiv (VRTV) Misses Q2 EPS by $1.03, Revenues Beat
August 5, 2020 8:03 AM EDTVeritiv (NYSE: VRTV) reported Q2 EPS of ($1.16), $1.03 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.
For the three months ended June 30, 2020, compared to the three months ended June 30, 2019:
Net sales were $1.4 billion, a decrease of 28.3% from the prior year. Net sales decreased 28.0% from the prior year, excluding the negative effect of foreign currency (0.3%).Net loss was $(18.5)... More