Verso Corporation (VRS) Tops Q2 EPS by $1.74, Revenues Miss

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Go back to Verso Corporation (VRS) Tops Q2 EPS by $1.74, Revenues Miss

Verso Corporation Announces $3.00 Special Cash Dividend and Reports Second Quarter 2020 Financial Results

August 6, 2020 6:30 AM EDT

MIAMISBURG, Ohio, Aug. 6, 2020 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the second quarter of 2020 and announced that it will pay a special cash dividend of $3.00 per share of common stock and a quarterly cash dividend of $0.10 per share of common stock, each to be paid on September 28, 2020.

Second Quarter 2020 Highlights:

Net sales of $268 million, down $334 million compared to second quarter 2019 Net loss of $(34) million or $(0.99) per diluted share, compared to net loss of $(112) million or $(3.23) per diluted share in second quarter... More