Veritiv (VRTV) Tops Q3 EPS by 68c, Offers FY Guidance
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Veritiv Announces Record Third Quarter 2021 Net Income, Adjusted EBITDA and Adjusted EBITDA Margin; Raises Guidance
November 3, 2021 8:00 AM EDTATLANTA, Nov. 3, 2021 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business distribution solutions, today announced financial results for the third quarter ended September 30, 2021.
"Double-digit Packaging sales growth contributed to our best earnings and Adjusted EBITDA margin performance of any quarter in company history," said Sal Abbate, Chief Executive Officer. "The third quarter of 2021 marks the tenth consecutive quarter of year-over-year improvement in our Packaging segment Adjusted EBITDA margin performance. Demand and disciplined pass-through of supplier-driven inflationary price increases led to sales growth across most of our segments. The... More
