18.40 0.00 (0.00%)
After hours: 4:40PM EDT
|Bid||18.31 x 800|
|Ask||21.48 x 800|
|Day's Range||18.20 - 18.55|
|52 Week Range||16.55 - 34.60|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||3.04|
|Earnings Date||Aug 14, 2017 - Aug 18, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.00|
The health of Verso is important to the region, as it is one few publicly-traded companies. It also has 200 local workers and 4,400 total. Plus, it is the fifth-largest company in the Miami Valley with annual sales of $2.7 billion last year.
MIAMISBURG, Ohio, June 17, 2019 /PRNewswire/ -- Verso Corporation (VRS) ("Verso" or the "Company") today announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"), following the Board's evaluation and consultation with the Company's advisors, and has declared a dividend distribution of one right ("Right") for each outstanding share of common stock. The record date for such dividend distribution is June 27, 2019. Unless and until a triggering event occurs and these Rights become exercisable, the Rights will trade with the shares of the Company's common stock.
MIAMISBURG, Ohio, June 13, 2019 /PRNewswire/ -- Verso Corporation (VRS) ("Verso" or the "Company") today announced that its Board of Directors (the "Board"), had in late March of 2019, reengaged Houlihan Lokey Capital, Inc. as the company's financial advisor to assist Verso in identifying and evaluating a range of potential strategic alternatives, including a possible merger, joint venture, partnership, business combination, stock repurchase, recapitalization, sale, distribution, transfer or other disposition or acquisition of assets or equity interests, while the Company conducts its search to identify and retain a permanent chief executive officer. Gene Davis, Co-Chairman of the Board added, "We are very pleased with the efforts of our interim Chief Executive Officer, Leslie Lederer, former chairman and interim president and CEO of Catalyst Paper, who, within a very short period of time, has provided invaluable direction, experience and expertise to the role.
If you own shares in Verso Corporation (NYSE:VRS) then it's worth thinking about how it contributes to the volatility...
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...