Industry News, Printers News

Veritiv Announces Consolidated Q2 Pro Forma Financial Results as Newly Integrated Company

Net sales were $2.3 billion, a decrease of 4.2 percent from the prior year

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Veritiv Corp. has announced limited consolidated pro forma financial results for its second fiscal quarter ended June 30, 2014.   For the three months ended June 30, 2014 (on a pro forma basis): •  Net sales were $2.3 billion, a decrease of 4.2% from the prior year. • Net loss was ($3.3) million. • Diluted net loss per share was ($0.21). • Adjusted EBITDA was $37.8 million, a decrease of 10.8% from the prior year.   For the six months ended June 30, 2014 (on a pro forma basis): • Net sa...

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