Veritiv Corporation (NYSE:VRTV)

Stock Price: $113.59

+6.37 (5.94%)

Updated Jun 2, 2023 08:00 PM GMT+0000

Featured app

Invest now

77% of retail CFD accounts lose money.

Overview

Financials

Statistics

Profile

Chart

Market Cap	1.54B
Revenue	6.80B
Gross Profit	1.58B
Shares Out	13.55M
EPS (ttm)	23.24
PE Ratio	4.6899
Forward PE	0.0000
Dividend Rate (ttm)	1.8794
Dividend Yield	0.0165

Trading Day	Jun 2
Last Price	$113.59
Previous Close	$107.22
Change ($)	6.37
Change (%)	5.94%
Day's Open	109.43
Day's Range	109.43 - 113.84
Day's Volume	105.23K
52 Week Range	93.02 - 160.08

About Veritiv Corporation

veritiv corporation (nyse: vrtv) is a leading north american business-to-business distributor of print, publishing, packaging, facility, and logistics solutions. with approximately 8,900 employees and $9 billion in revenue, we serve customers across virtually every industry.

our history goes back more than 150 years, and our legacy companies achieved past success by upholding high standards of efficiency, integrity, accountability, and customer focus. we leverage this rich history as one team shaping success through exceptional service, innovative people, and consistent values.

veritiv has an expansive north american network with more than 180 locations, and we do business with more than half of the fortune 500. we’re a big company, but we’re also a new company, shaping our systems and processes to support a successful and sustainable future.

News

Veritiv Corp opened 30% up on Wednesday: here’s why November 3, 2021

Quick info

Country

United States

Industry

Printing and Writing Paper Merchant Wholesalers

Sector

Wholesale Trade

Employees

5,000

CEO

Mary Laschinger

Address

1000 Abernathy Rd Bldg 400 Ste 1700
Atlanta
Georgia
30328-5658

Phone

17703918200

Website

veritivcorp.com

Ticker Symbol

VRTV

Exchange

New York Stock Exchange

Reporting Currency

USD

Veritiv Corporation income statements (2023) (USD)

	May 2023
Total Revenue	1.51B
Cost of Revenue	1.14B
Gross Profit	366.10M
Research & Development	0
Selling General & Admin	171.40M
Operating Expense	1.42B
Operating Income	94.90M
Other Income Expense Net	0
EBIT	94.90M
Interest Income	4.70M
Pretax Income	89.20M
Income Tax	20.50M
Minority Interest	0
Net Income	68.70M
Net Income Basic	68.70M

Veritiv Corporation income statements (2020) (USD)

	June 2020	March 2020
Total Revenue	1.40B	1.71B
Cost of Revenue	1.22B	1.50B
Gross Profit	183.80M	210.50M
Research & Development	N.A	N.A
Selling General & Admin	N.A	N.A
Operating Expense	1.39B	1.70B
Operating Income	19.40M	6.90M
Other Income Expense Net	-38.4M	-6.9M
EBIT	19.40M	6.90M
Interest Income	7.20M	7M
Pretax Income	-19M	N.A
Income Tax	-500K	400K
Minority Interest	0	0
Net Income	-18.5M	-400K
Net Income Basic	-18.5M	-400K

Veritiv Corporation income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	1.84B	1.92B	1.96B	1.94B
Cost of Revenue	1.62B	1.69B	1.73B	1.73B
Gross Profit	219.60M	235.50M	228.50M	206.90M
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	1.81B	1.89B	1.94B	1.95B
Operating Income	27.90M	31.20M	17.30M	-9.2M
Other Income Expense Net	-24M	-18.5M	-29.2M	-24.3M
EBIT	27.90M	31.20M	17.30M	-9.2M
Interest Income	7.60M	8.90M	10.20M	11.40M
Pretax Income	3.90M	12.70M	-11.9M	-33.5M
Income Tax	500K	7.60M	-600K	-6.8M
Minority Interest	0	0	0	0
Net Income	3.40M	5.10M	-11.3M	-26.7M
Net Income Basic	3.40M	5.10M	-11.3M	-26.7M

Veritiv Corporation income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	2.23B	2.19B	2.17B	2.10B
Cost of Revenue	1.84B	1.95B	1.93B	1.74B
Gross Profit	386.90M	238.60M	237.40M	357.10M
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	223.60M	N.A
Operating Expense	2.21B	2.16B	2.16B	2.10B
Operating Income	25.20M	29.20M	13.80M	1.30M
Other Income Expense Net	-9.3M	-24.3M	-27.1M	-19M
EBIT	25.20M	29.20M	13.80M	1.30M
Interest Income	12.10M	11.30M	10.20M	9.30M
Pretax Income	15.90M	4.90M	-13.3M	-17.7M
Income Tax	6.60M	3.50M	-2.7M	-1.9M
Minority Interest	0	0	0	0
Net Income	9.30M	1.40M	-10.6M	-15.8M
Net Income Basic	9.30M	1.40M	-10.6M	-15.8M

Veritiv Corporation income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	2.22B	2.12B	2.03B
Cost of Revenue	1.83B	1.75B	1.67B
Gross Profit	389.90M	367.10M	354.70M
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	353M	332.80M
Operating Expense	2.19B	2.10B	2.01B
Operating Income	31.70M	14.10M	21.90M
Other Income Expense Net	5.10M	-32.4M	-38.7M
EBIT	31.70M	14.10M	21.90M
Interest Income	9.10M	8.30M	7.40M
Pretax Income	36.80M	-18.3M	-16.8M
Income Tax	24.50M	-4M	-7.7M
Minority Interest	0	0	0
Net Income	12.30M	-14.3M	-9.1M
Net Income Basic	12.30M	-14.3M	-9.1M

Veritiv Corporation balance sheet (2023) (USD)

	February 2023
Current Cash	40.60M
Receivables	889.60M
Inventory	423.90M
Current Assets	1.46B
Other Current Assets	103.70M
Short Term Investments	103.70M
Long Term Investments	631.80M
Property/Plant Equipment	127.50M
Good Will	N.A
Intangible Assets	35.60M
Tangible Assets (Net)	624.20M
Other Assets	39.10M
Total Assets	2.09B
Accounts Payable	452.90M
Other Current Liabilities	260.30M
Total Current Liabilities	726.60M
Total Liabilities	1.33B
Long Term Debt	264.80M
Current Long Term Debt	13.40M
Minority Interest	0
Common Stock	13.45M
Treasury Stock	-317.1M
Retained Earnings	472.60M
Capital Surplus	N.A
Shareholder Equity	756.10M
Other Liabilities	N.A

Veritiv Corporation balance sheet (2020) (USD)

	June 2020	March 2020
Current Cash	112.40M	74.60M
Receivables	765.60M	0.92B
Inventory	509.40M	505.20M
Current Assets	1.49B	1.62B
Other Current Assets	105.90M	118.40M
Short Term Investments	N.A	N.A
Long Term Investments	N.A	N.A
Property/Plant Equipment	602.70M	629.40M
Good Will	N.A	N.A
Intangible Assets	49.80M	51M
Tangible Assets (Net)	413.40M	427.20M
Other Assets	26.80M	24.40M
Total Assets	2.33B	2.47B
Accounts Payable	432.10M	489.10M
Other Current Liabilities	156.30M	130.80M
Total Current Liabilities	689.20M	723.20M
Total Liabilities	1.81B	1.95B
Long Term Debt	0.99B	1.10B
Current Long Term Debt	14M	14.30M
Minority Interest	0	0
Common Stock	15.90M	15.80M
Treasury Stock	17.10M	17.10M
Retained Earnings	-54.5M	-36M
Capital Surplus	627.30M	626.80M
Shareholder Equity	513M	526.80M
Other Liabilities	N.A	N.A

Veritiv Corporation balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	38M	59.30M	56.10M	58M
Receivables	0.91B	0.97B	1.01B	1.06B
Inventory	552.90M	602.60M	638.30M	681.40M
Current Assets	1.63B	1.77B	1.83B	1.95B
Other Current Assets	61.30M	137.80M	124.60M	143.60M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	7.10M	N.A	N.A	N.A
Property/Plant Equipment	646.10M	631.40M	621.50M	631M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	52.20M	53.40M	54.50M	55.90M
Tangible Assets (Net)	-117M	425M	419.10M	424M
Other Assets	18.50M	24.30M	22.70M	24.10M
Total Assets	2.69B	2.64B	2.70B	2.82B
Accounts Payable	469.50M	586.40M	597.30M	612.10M
Other Current Liabilities	149.90M	198.90M	186.80M	160.90M
Total Current Liabilities	731.50M	883.20M	880.40M	867.10M
Total Liabilities	2.16B	2.11B	2.18B	2.30B
Long Term Debt	1.12B	1.11B	1.17B	1.31B
Current Long Term Debt	12.60M	9.90M	8.90M	8.50M
Minority Interest	0	0	0	0
Common Stock	16.10M	16.10M	16.10M	16.10M
Treasury Stock	13.60M	13.60M	13.60M	13.60M
Retained Earnings	-35.3M	-38.7M	-43.8M	-32.5M
Capital Surplus	618M	615.80M	612.50M	607.70M
Shareholder Equity	536.20M	524.60M	518.70M	523.60M
Other Liabilities	N.A	N.A	N.A	N.A

Veritiv Corporation balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	64.30M	70.90M	69.50M	70.80M
Receivables	1.18B	1.22B	1.18B	1.17B
Inventory	688.20M	737.80M	719.80M	711.10M
Current Assets	2.08B	2.18B	2.11B	2.09B
Other Current Assets	69.20M	152.50M	137.30M	141.90M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	6.70M	N.A	N.A	N.A
Property/Plant Equipment	206.70M	210.10M	207.10M	354.20M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	57.20M	58.50M	60.20M	62.20M
Tangible Assets (Net)	-110.1M	437.10M	428.60M	438.10M
Other Assets	18.70M	27M	29.60M	30M
Total Assets	2.59B	2.63B	2.57B	2.70B
Accounts Payable	633.50M	717.10M	717M	667M
Other Current Liabilities	199M	213.60M	183.60M	185.50M
Total Current Liabilities	849.70M	0.94B	0.91B	862M
Total Liabilities	2.05B	2.10B	2.04B	2.16B
Long Term Debt	0.99B	1.02B	0.98B	1.15B
Current Long Term Debt	7.30M	7.30M	6.70M	9.50M
Minority Interest	0	0	0	0
Common Stock	15.90M	15.90M	15.90M	15.80M
Treasury Stock	13.60M	13.60M	13.60M	13.60M
Retained Earnings	-8.5M	-17.8M	-19.2M	-8.6M
Capital Surplus	605.70M	603.30M	598.90M	594M
Shareholder Equity	543.10M	536.70M	528.20M	537.70M
Other Liabilities	N.A	N.A	N.A	N.A

Veritiv Corporation balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	80.30M	76.50M	55.30M
Receivables	1.18B	1.17B	1.06B
Inventory	722.70M	772.60M	715.10M
Current Assets	2.11B	2.15B	1.96B
Other Current Assets	72.40M	134.70M	131.20M
Short Term Investments	N.A	N.A	N.A
Long Term Investments	6.40M	N.A	N.A
Property/Plant Equipment	340.20M	341.50M	350.20M
Good Will	N.A	N.A	N.A
Intangible Assets	64.10M	68.30M	19.90M
Tangible Assets (Net)	-103.5M	430.40M	493.50M
Other Assets	24.40M	31M	29.50M
Total Assets	2.71B	2.78B	2.48B
Accounts Payable	688.60M	707.50M	632.60M
Other Current Liabilities	208.10M	191.60M	155.80M
Total Current Liabilities	0.91B	0.91B	805.90M
Total Liabilities	2.16B	2.24B	1.94B
Long Term Debt	1.09B	1.15B	0.98B
Current Long Term Debt	10.70M	12.90M	17.50M
Minority Interest	0	0	0
Common Stock	15.70M	15.70M	15.70M
Treasury Stock	13.60M	13.60M	13.60M
Retained Earnings	6.40M	-5.9M	8.40M
Capital Surplus	590.20M	586.10M	582.30M
Shareholder Equity	549.70M	535.70M	543.70M
Other Liabilities	N.A	N.A	N.A

Veritiv Corporation cash flow (2023) (USD)

	February 2023
Net Income	71.60M
Depreciation	11M
Changes in Receivables	889.60M
Changes in Inventories	423.90M
Cash Change	40.60M
Cash Flow	93.50M
Capital Expenditures	-3.8M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	24.60M
Dividends Paid	N.A
Net Borrowings	133.90M
Other Financing Cash Flows	N.A
Cash Flow Financing	-112.1M
Exchange Rate Effect	N.A

Veritiv Corporation cash flow (2020) (USD)

	June 2020	March 2020
Net Income	-18.5M	-400K
Depreciation	14.30M	13.80M
Changes in Receivables	153.10M	-5.1M
Changes in Inventories	-600K	38.50M
Cash Change	37.80M	36.60M
Cash Flow	141.70M	84.80M
Capital Expenditures	-5.8M	-8.9M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-5.8M	-8.2M
Dividends Paid	N.A	N.A
Net Borrowings	-94.4M	-6.7M
Other Financing Cash Flows	-3.9M	-29M
Cash Flow Financing	-98.3M	-39.2M
Exchange Rate Effect	200K	-800K

Veritiv Corporation cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	3.40M	5.10M	-11.3M	-26.7M
Depreciation	14M	13.30M	13.40M	12.80M
Changes in Receivables	57.40M	43.40M	50.10M	120.10M
Changes in Inventories	51.90M	34.20M	45M	8.60M
Cash Change	-21.3M	3.20M	-1.9M	-6.3M
Cash Flow	10.50M	88.30M	138.40M	43.80M
Capital Expenditures	-11.9M	-7.3M	-7.4M	-7.5M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-11.7M	-7.3M	-7.2M	-7.4M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-1.8M	-87.2M	-133.3M	-47.3M
Other Financing Cash Flows	-18.7M	9.80M	100K	4.50M
Cash Flow Financing	-20.5M	-77.4M	-133.2M	-42.8M
Exchange Rate Effect	400K	-400K	100K	100K

Veritiv Corporation cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	9.30M	1.40M	-10.6M	-15.8M
Depreciation	12M	13.10M	14M	14.40M
Changes in Receivables	31.10M	-36.9M	-9.5M	8.30M
Changes in Inventories	43.60M	-16M	-11.5M	10.30M
Cash Change	-6.6M	1.40M	-1.3M	-9.5M
Cash Flow	7.50M	-500K	29.70M	-21.7M
Capital Expenditures	-11.7M	-12.2M	-11.9M	-9.6M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	7.90M	-12.1M	-7.9M	-9.6M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-33.3M	36.10M	-24M	43.20M
Other Financing Cash Flows	11.60M	-22.2M	1.80M	-21.9M
Cash Flow Financing	-21.7M	13.90M	-22.2M	21.30M
Exchange Rate Effect	-300K	100K	-0.9M	500K

Veritiv Corporation cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	12.30M	-14.3M	-9.1M
Depreciation	14.30M	13.10M	13.70M
Changes in Receivables	-8.7M	-109.7M	-16.9M
Changes in Inventories	48M	-15.2M	12.90M
Cash Change	3.80M	21.20M	2.90M
Cash Flow	54.30M	-13.8M	36.90M
Capital Expenditures	-6.5M	-4.7M	-9.9M
Investments	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	21.50M	-137.5M	-800K
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-75.4M	171.80M	-13.5M
Other Financing Cash Flows	3.40M	400K	-20.1M
Cash Flow Financing	-72M	172.20M	-33.6M
Exchange Rate Effect	N.A	300K	400K

Veritiv Corporation dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
17-05-2023	05-06-2023	18-05-2023	N.A	0.63	Ordinary Shares	Quarterly
08-03-2023	31-03-2023	09-03-2023	N.A	0.63	Ordinary Shares	Quarterly
17-11-2022	19-12-2022	18-11-2022	N.A	0.63	Ordinary Shares	Quarterly