Veritiv (VRTV) Tops Q4 EPS by 18c

Veritiv (NYSE: VRTV) reported Q4 EPS of $5.20, $0.18 better than the analyst estimate of $5.02. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.75 billion.

GUIDANCE:

Veritiv sees FY2023 EPS of $19.00-$22.00.

• The Company expects full year 2023 net income to be in the range of $265 to $305 million. Diluted earnings per share is estimated to be in the range of $19.00 to $22.00, based on approximately 13.9 million fully diluted shares outstanding. Adjusted EBITDA is expected to be in the range of $430 to $490 million. Net cash provided by operating activities and free cash flow are expected to be approximately $305 million and $275 million, respectively. Capital investments are estimated to be approximately $45 million, consisting of approximately $30 million of traditional capital expenditures and approximately $15 million of cloud computing arrangements2, consistent with our investments in technology.

For earnings history and earnings-related data on Veritiv (VRTV) click here.

You May Also Be Interested In

• ​Trump said he was unaware of his earnings from crypto
• Franklin Covey (FC) Misses Q3 EPS by 2c, lowers Guidance
• AeroVironment (AVAV) Tops Q4 EPS by 36c