News
Veritiv Reports 1st-Quarter Sales Boost
May 9, 2022Veritiv Corp. has reported fiscal-first-quarter net sales of US$1.9 billion, an increase of 19.2% year-over-year.
Veritiv reported a quarterly net income of $78.5 million, up from $21.3 million in the prior year. Veritiv’s basic and diluted earnings per share were $5.31 and $5.12, respectively, compared to $1.34 and $1.28, respectively in the same period one year ago.
“Double-digit sales growth and year-over-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improvements across each of our segments drove record earnings performance for any quarter in Veritiv history,” said Sal Abbate, Chief Executive Officer. “We reported record-adjusted EBITDA margin of 6.4% in the first quarter, which marks the ninth consecutive quarter of year-over-year improvement.”
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.
