Veritiv (VRTV) Tops Q3 EPS by $2.54, Offers Guidance
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Veritiv Announces Record Third Quarter 2022 Net Income, EPS, Adjusted EBITDA, and Adjusted EBITDA Margin; Initiates Quarterly Dividend; Raises 2022 Earnings Guidance
November 8, 2022 8:00 AM ESTThird Quarter Financial Highlights
Net sales of $1.8 Billion, an increase of 2.1% from prior year; organic sales growth of 14.9% Net Income and Diluted EPS of $96.7 Million and $6.86, respectivelyAdjusted EBITDA and Adjusted EBITDA Margin1 of $141.3 Million and 7.8%, respectivelyNet Leverage Ratio of 0.6xDividend Highlights
Company is announcing today that the Board of Directors authorized a quarterly cash dividend of $0.63 per shareAnnual dividend yield of approximately 2%, based on our recent share priceInitial dividend to be paid during fourth quarter... More