18.60 +0.12 (0.65%)
After hours: 7:50PM EDT
|Bid||17.60 x 1000|
|Ask||18.48 x 800|
|Day's Range||18.44 - 19.30|
|52 Week Range||18.43 - 34.60|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||3.05|
|Earnings Date||Aug 14, 2017 - Aug 18, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.00|
A Dayton-area paper company — which recently lost its top official and closed a mill — is coming off a strong quarter. Miami Township-based Verso Corp. posted first-quarter sales of $639 million, the same as the first quarter of the previous year, according to a filing with the U.S. Securities and Exchange Commission. However, it saw $36 million in quarterly profit, compared to a $2 million loss the previous year. “Verso had strong first quarter performance despite a very challenging market environment,” said Verso Interim Chief Executive Officer Leslie Lederer. An unfortunate result of these demand pressures was the difficult decision to close our paper mill in Luke, Maryland, which will reduce Verso’s total coated freesheet production capacity by 450,000 tons,” he said.
A Business Journal reporter visited the area Friday to meet the people in the mill's nearby towns who will be impacted by the plant's closure.
Verso Corporation (VRS) delivered earnings and revenue surprises of 194.29% and 1.07%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / May 8, 2019 / Verso Corp. (NYSE: VRS ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 8, 2019 at 9:00 AM Eastern Time. To listen ...
MIAMISBURG, Ohio , May 8, 2019 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today reported financial results for the first quarter of 2019. First Quarter 2019 Highlights : Net sales of $639 million , ...
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Verso Corporation (VRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MIAMISBURG, Ohio, April 30, 2019 /PRNewswire/ -- Verso Corporation (VRS) today announced it will permanently close its paper mill in Luke, Maryland, in response to the continuing decline in customer demand for the grades of coated freesheet paper produced at the mill, along with rising input costs, a significant influx of imports, and rising compliance costs and infrastructure challenges associated with recent environmental regulation changes. The closure, which is expected to be complete by June 30, will reduce Verso's coated freesheet production capacity by approximately 450,000 tons, reducing total annual paper production capacity to approximately 2.7 million tons. "It is unfortunate that we had to make the decision to close the Luke Mill, but the continuing decline in demand for the grades of paper manufactured there left us no choice but to close this facility that has struggled with profitability for a number of years," said Verso Interim Chief Executive Officer Leslie T. Lederer.
MIAMISBURG, Ohio, April 29, 2019 /PRNewswire/ -- Verso Corporation (VRS) today announced that it will host a conference call and webcast for analysts and investors on Wednesday, May 8, 2019 at 9 a.m. (EDT) to discuss first quarter 2019 financial results. Analysts and investors may access the live conference call only by dialing 888-317-6003 (U.S. toll-free), 866-284-3684 (Canada toll-free) or 412-317-6061 (international) and referencing elite entry number 9791708 and Verso Corporation. To register, please dial in 10 minutes before the conference call begins.
The leader of one of the largest companies in the Dayton region has resigned. Chris DiSantis, president and CEO of Verso Corp., stepped down on April 5, according to a filing with the U.S. Securities and Exchange Commission. The company says his decision to resign was not due to any disagreement with the paper manufacturer’s operations, policies or practices. “I feel honored and privileged to have been part of Verso’s leadership team and board,” DiSantis said. “The economic turnaround driven by Verso’s management and associates is a great victory for stockholders. Plus, it is the fifth-largest company in the Miami Valley with annual sales of $2.7 billion last year. Meanwhile, Verso has appointed Leslie Lederer as its interim CEO.
MIAMISBURG, Ohio, April 11, 2019 /PRNewswire/ -- Verso Corporation (VRS) today announced that B. Christopher DiSantis has stepped down as President and Chief Executive Officer and member of the Verso Corporation board of directors effective as of April 5, 2019. Leslie Lederer, former chairman, interim president and CEO of Catalyst Paper Company, has been named as interim Chief Executive Officer as of April 5 in order to ensure a smooth transition until such time as a permanent CEO has been identified and retained. Verso's board of directors intends to undertake a robust succession process to find a successor for DiSantis, including a search process that will include internal and external candidates.
Verso Corporation (NYSE:VRS) shareholders might be concerned after seeing the share price drop 12% in the last quarter. But that doesn't change the fact that the returns over the last year have been pleasing. In that...
A Dayton-based paper company is upping its investments this year. Verso Corp.’s annual capital expenditures for 2019 are expected to be between $100 million and $110 million, which is an increase from $73 million last year, according to a filing with the U.S. Securities and Exchange Commission. The health of Verso is important to the region, as it is one few publicly-traded companies. Verso, which relocated to Dayton from Memphis in 2017, is coming off a strong year. The manufacturer’s annual sales grew to $2.7 billion, up 9 percent from the prior year, and its profit jumped from a loss of $30 million to a gain of $171 million.
LOS ANGELES, Feb. 28, 2019 -- Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Verso Corporation (NYSE: VRS) investors concerning the Company.
A relative newcomer to the Dayton region is coming off a strong quarter and year. Paper maker Verso Corp. posted fourth-quarter sales of $695 million, a 9 percent jump from $639 million in the same period the previous year, according to a filing with the U.S. Securities and Exchange Commission. Its profit jumped even higher, growing from $36 million to $86 million most recently. Verso, which relocated to Dayton from Memphis in 2017, also had a transformational year. The manufacturer’s annual sales grew to $2.7 billion, up 9 percent from the prior year, and its profit jumped from a loss of $30 million to a gain of $171 million. “Considerable sales growth, materially enhanced profitability and $211 million in debt reduction marked 2018 as a fantastic, banner year in Verso’s history,” said Verso CEO B. Christopher DiSantis.