Verso Corporation (VRS) Reports Q4 Revenues Miss

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Verso Corporation Reports Fourth Quarter and Full Year 2020 Financial Results

February 25, 2021 6:30 AM EST

MIAMISBURG, Ohio, Feb. 25, 2021 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the fourth quarter and full year of 2020.

Fourth Quarter 2020 Highlights:

Net sales of $314 million, up 3 percent versus the third quarter of 2020 Net loss of $90 million, compared to net loss of $31 million in the third quarter of 2020 Adjusted EBITDA of $9 million, compared to Adjusted EBITDA of $12 million in the third quarter of 2020

Overview "Despite 2020 being a challenging year, we continued to strengthen our operational... More