Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. The Packaging segment provides custom and standard packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies, such as towels, tissues, commercial cleaning chemicals, personal protective equipment and safety supplies, wipers, can liners, soaps and sanitizers, dispensers, sanitary maintenance supplies and equipment, hazard supplies, and shampoos and amenities. The Print segment sells and distributes commercial printing, writing, copying, digital, and specialty products; and graphics consumables and equipment. It also provides customized paper conversion services of commercial printing paper for distribution to document centers and form printers. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts, and direct mail. This segment also provides print management, procurement, and supply chain management solutions. The company also offers logistics solutions. Veritiv Corporation offers its products under the Endurance, nordic+, Comet, Starbrite Opaque Select, TUFflex, Reliable, and Spring Grove brands, as well as other brands to customers in manufacturing, food processing and service, fulfillment and internet retail, property management, higher education, healthcare, entertainment and hospitality, commercial printing and publishing sectors. As of December 31, 2020 the Company operated approximately 125 distribution centers. Veritiv Corporation was incorporated in 2013 and is headquartered in Atlanta, Georgia.
IPO Year: 2014
Exchange: NYSE
Website: veritivcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2021 | $72.00 → $86.00 | Buy | B of A Securities |
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Second Quarter Highlights Net Income of $70.7 million, a decrease of 22.4% from prior yearDiluted EPS of $5.15, a decrease of 15.8% from prior yearRecord second quarter Adjusted EBITDA margin1 of 7.7%14 consecutive quarters of year-over-year Adjusted EBITDA margin expansionATLANTA, Aug. 8, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading full-service provider of business-to-business products, services and solutions, today announced financial results for the second quarter ended June 30, 2023. "The second quarter highlighted the value of our diversified and complementary portfolio of products and industry verticals. Despite challenging macroeconomic conditions, Adjusted EBITDA
Shareholders to Receive $170 Per Share in CashTransaction Expected to Close in the Fourth Quarter of 2023Veritiv Board of Directors Approves Quarterly Dividend of $0.63 Per Share ATLANTA, Aug. 7, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading distributor of packaging, facility solutions and print products, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R). Under the terms of the agreement, each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction will be entitled to receive $170 per share in cash, representing a nearly 31% premium over Veri
ATLANTA, July 21, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its second quarter 2023 financial results on Tuesday, August 8, at 9 a.m. ET. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers. https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a limited period at ir.veritivcorp.com shortly after the live webcast is completed. Prior to the August 8 financial resu
First Quarter Highlights Net Income of $68.7 million, a decrease of 12.5% from prior yearDiluted EPS of $5.00, a decrease of 2.3% from prior yearAdjusted EBITDA and Adjusted EBITDA margin1 of $103.8 million and 6.9%, respectivelyReturned $8.5 million to shareholders through dividendsNamed a 2023 World's Most Admired Company by Fortune MagazineATLANTA, May 9, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provider of business-to-business products, services and solutions, today announced financial results for the first quarter ended March 31, 2023. "The ongoing execution of our commercial strategy drove record first quarter Adjusted EBITDA margin, despite industry-wide de
ATLANTA, April 18, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its first quarter 2023 financial results on Tuesday, May 9, at 9 a.m. ET. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers.https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a limited period at ir.veritivcorp.com shortly after the live webcast is completed. Prior to the May 9 financial results con
Fourth Quarter Financial Highlights Net Sales of $1.7 billion, a decrease of 10.8% from prior year; organic sales growth of 1.8% Net Income of $71.6 million, an increase of 25.8% from prior yearDiluted EPS of $5.20, an increase of 41.7% from prior yearAdjusted EBITDA and Adjusted EBITDA margin1 of $120.8 million and 7.3%, respectivelyNet Leverage Ratio of 0.4xFull Year 2022 Financial Highlights Net Income $337.9 million, an increase of 133.7% from prior yearDiluted EPS of $23.29, an increase of 158.5% from prior yearAdjusted EBITDA and Adjusted EBITDA margin1 of $517.9 million and 7.2%, respectivelyATLANTA, Feb. 28, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provide
ATLANTA, Feb. 7, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 28, at 9 a.m. EST. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers.https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a limited period at ir.veritivcorp.com shortly after the live webcast is completed. Prior to the Februar
Third 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 2022ATLANTA, Nov. 8, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provider of business-to-business products, servic
ATLANTA, Oct. 21, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its Third Quarter 2022 financial results on Tuesday, November 8, at 9 a.m. EST. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers. https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a
Second Quarter Financial Highlights Net sales of $1.8 Billion, an increase of 9.8% from prior year; organic sales growth of 18.2% compared to prior yearNet Income and Diluted EPS of $91.1 Million and $6.12, respectivelyAdjusted EBITDA and Adjusted EBITDA Margin1 of $136.3 Million and 7.5%, respectivelyNet Leverage Ratio of 0.7xATLANTA, Aug. 9, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provider of business-to-business products, services and solutions, today announced financial results for the second quarter ended June 30, 2022. "Double-digit organic sales growth and continued operational excellence contributed to the best performance for any quarter in company histo
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B of A Securities reiterated coverage of Veritiv with a rating of Buy and set a new price target of $86.00 from $72.00 previously
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May 21, 2025-- ITT Inc. (NYSE: ITT) today announced the election of Mary Laschinger to its Board of Directors, effective today. Ms. Laschinger served as Chief Executive Officer and Chair of the Board of Directors of Veritiv Corporation (NYSE:VRTV), a leading business-to-business distribution solutions company, from July 2014 until her retirement in September 2020. Prior to leading Veritiv, Ms. Laschinger held multiple senior management roles over more than 20 years at International Paper Company. "We are honored that Mary has joined the ITT Board of Directors. She has significant global experience with industrial companies that operate in markets similar to ITT, as well as a track record
Veritiv Becomes Privately Held Company ATLANTA, Nov. 30, 2023 /PRNewswire/ -- Veritiv Corporation, a leading distributor of packaging, facility solutions, and print products, today announced that an affiliate of Clayton, Dubilier & Rice, LLC (CD&R) completed its acquisition of the company. On August 7, 2023, CD&R and Veritiv announced they had entered into a definitive agreement under which each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction would be acquired for $170.00 per share in cash, valuing Veritiv at approximately $2.6 billion. "The completion of this transaction represents an important milestone in our company's journey," sa
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
Certified as one of the Newsweek 2023 Top 100 Most Loved Workplaces and one of the Fortune Most Admired Companies™ for 2023 ATLANTA, Sept. 20, 2023 /PRNewswire/ -- Veritiv has been certified as a 2023 Top 100 Most Loved Workplace® by Newsweek Magazine backed by the research and analysis of Best Practice Institute (BPI). Newsweek's ranking of the 2023 Most Loved Workplaces® recognizes companies that have created a workplace where employees feel respected, inspired, and appreciated and are at the center of the business model. Veritiv was also recently named to Fortune Magazine's 2023 World's Most Admired Companies™ List. The magazine surveys more than 15,000 top executives, board directors, a
NEW YORK, Aug. 12, 2023 (GLOBE NEWSWIRE) -- Veritiv Corporation (NYSE:VRTV) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of VRTV to an affiliate of Clayton, Dubilier & Rice, LCC for $170.00 per share in cash for each share of VRTV common stock owned. If you are a VRTV investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary dutie
Second Quarter Highlights Net Income of $70.7 million, a decrease of 22.4% from prior yearDiluted EPS of $5.15, a decrease of 15.8% from prior yearRecord second quarter Adjusted EBITDA margin1 of 7.7%14 consecutive quarters of year-over-year Adjusted EBITDA margin expansionATLANTA, Aug. 8, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading full-service provider of business-to-business products, services and solutions, today announced financial results for the second quarter ended June 30, 2023. "The second quarter highlighted the value of our diversified and complementary portfolio of products and industry verticals. Despite challenging macroeconomic conditions, Adjusted EBITDA
Shareholders to Receive $170 Per Share in CashTransaction Expected to Close in the Fourth Quarter of 2023Veritiv Board of Directors Approves Quarterly Dividend of $0.63 Per Share ATLANTA, Aug. 7, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading distributor of packaging, facility solutions and print products, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R). Under the terms of the agreement, each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction will be entitled to receive $170 per share in cash, representing a nearly 31% premium over Veri
ATLANTA, July 21, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its second quarter 2023 financial results on Tuesday, August 8, at 9 a.m. ET. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers. https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a limited period at ir.veritivcorp.com shortly after the live webcast is completed. Prior to the August 8 financial resu
ATLANTA, May 24, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading North American business-to-business distribution solutions company, today announced that Sal Abbate, Chief Executive Officer, will present at the Stifel 2023 Cross Sector Insight Conference in Boston on June 7, 2023 at 2:25 p.m. (Eastern Time). Interested parties can listen to a live webcast of the fireside chat on Veritiv's Investor Relations website at ir.veritivcorp.com. A replay of the webcast will be available for a limited period on the same website. Management will also host institutional investor meetings at the Conference. About VeritivVeritiv Corporation (NYSE:VRTV), headquartered in Atlanta and a Fort
May 21, 2025-- ITT Inc. (NYSE: ITT) today announced the election of Mary Laschinger to its Board of Directors, effective today. Ms. Laschinger served as Chief Executive Officer and Chair of the Board of Directors of Veritiv Corporation (NYSE:VRTV), a leading business-to-business distribution solutions company, from July 2014 until her retirement in September 2020. Prior to leading Veritiv, Ms. Laschinger held multiple senior management roles over more than 20 years at International Paper Company. "We are honored that Mary has joined the ITT Board of Directors. She has significant global experience with industrial companies that operate in markets similar to ITT, as well as a track record
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
FORT SMITH, Ark., Feb. 2, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leading logistics company with creative problem solvers who deliver innovative solutions, today announced that a new member has been added to the ArcBest Board of Directors. The new director is Salvatore A. Abbate, whose term began January 30. The appointment of Abbate to the board fills the vacancy from Steve Gorman's departure in August 2022, returning the total ArcBest board membership to 9. Abbate, 54, is chief executive officer of Veritiv Corporation (NYSE:VRTV), a position he has held since October
ATLANTA, May 9, 2022 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provider of business-to-business distribution solutions, announced today the appointment of Autumn R. Bayles to the company's board of directors. She will be a member of the Compensation and Leadership Development and Nominating and Governance committees. Ms. Bayles is Senior Vice President of Global Supply Chain for Aramark Corporation, a global food and facilities company. There she is responsible for the managed services supply chain network. Prior to her current role, she served as Aramark
ATLANTA, July 1, 2021 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a full-service provider of business-to-business distribution solutions, announced today the appointment of Gregory B. Morrison to the company's board of directors. Mr. Morrison spent 18 years at Cox Enterprises, a leading communications, media and automotive services company, where he retired as Senior Vice President and Chief Information Officer in January 2020. There he was responsible for providing corporate strategic planning and policy development, leveraging deployment of new information technology a