Industry News, Printers News

Veritiv Announces 1Q 2017 Financial Results

Net sales were $2.0 billion, adjusted EBITDA was $29.8 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Veritiv Corporation announced financial results for the first quarter ended March 31, 2017. “Our first quarter results were mixed,” said Mary Laschinger, chairman and CEO of Veritiv Corporation. “Our revenue trajectory continues to improve, led by a strong quarter from our Packaging segment. Consolidated adjusted EBITDA was lower than the prior year quarter, due in part to investments being made to grow the business. Looking forward, we expect positive performance from Packaging and Facility ...

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