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Veritiv Increases 3rd-Quarter Sales

Veritiv Corp. has reported fiscal third-quarter net sales of US$1.8 billion, an increase of 2.1% year over year.

Veritiv reported a quarterly net income of $96.7 million, up from $40 million in the prior year. Veritiv’s basic and diluted earnings per share were $18.49 and $18.04 respectively, compared to $5.68 and $5.40 respectively in the same period one year ago.

“Organic sales for the third quarter grew 15% fueled by a combination of above market volume performance in the U.S. corrugated and flexible packaging businesses, pricing actions, and growth-oriented initiatives within key industry verticals,” said Sal Abbate, Veritiv CEO.

About Veritiv
Sandy Springs, Georgia-based Veritiv Corp. markets and distributes facility maintenance supplies, packaging systems, and printing and business-imaging papers throughout North America. For more information, visit www.veritivcorp.com.