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Last $1.33 USD
Change Today -0.07 / -5.00%
Volume 421.8K
VRS On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

verso corp (VRS) Key Developments

Verso Corporation Introduces New Coated Web Product Lineup

Verso Corporation introduced its new coated web product lineup, unmatched by any other North American supplier. Verso offers a breadth of quality coated web brands, including No. 2, No. 3 and No. 4 grades in coated freesheet and coated groundwood, as well as supercalendered SCA+ and SCA grades. Verso's lineup includes some of the most distinguished paper brands in the industry, such as Sterling(r) Ultra, ArborWeb Plus(r), Influence(r), ArborWeb(r) and Liberty(r), as well as two new brands, Focus(TM) and Balance(TM). Verso's two new brands, Focus(TM) and Balance(TM), will be produced to the same high standards as its other distinguished brands. Focus(TM), a No. 3 coated groundwood paper, is one of the best values in its category, offering cost savings without compromising performance, brightness or image reproduction. It delivers great appearance and value for quality-conscious commercial printing, catalog and magazine applications. Balance(TM), a No. 4 coated groundwood product, is a highly versatile and refined paper, striking the optimal combination of brightness, printability and cost. It is the perfect choice for special edition publications and is a brighter, whiter alternative to a typical No. 5 product.

Verso Corporation Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014

Verso Corporation Reports earnings results for the Fourth Quarter and Year Ended December 31, 2014. For the quarter, the company reported net sales were $326.357 million against $350.418 million a year ago. Operating loss was $144.752 million against operating profit of $18.864 million a year ago. Loss before income taxes was $186.350 million against $20.588 million a year ago. Net loss was $183.948 million against $20.006 million a year ago. LBITDA was $134.2 million against EBITDA of 39.8 million a year ago. For the year, the company reported net sales were $1,296.613 million against $1,388.899 million a year ago. Operating loss was $174.717 million against operating profit of $33.900 million a year ago. Loss before income taxes was $355.944, million against $111.768 million a year ago. Net loss was $352.955 million against $111.206 million a year ago. LBITDA was $122.7 million against EBITDA of 130.7 million a year ago. Adjusted EBITDA was $107.6 million against 176.2 million a year ago. The company reported fixed asset and other impairment charges of $102.6 million in the fourth quarter of 2014.

Verso Corporation to Report Q4, 2014 Results on Mar 06, 2015

Verso Corporation announced that they will report Q4, 2014 results at 11:00 AM, GMT Standard Time on Mar 06, 2015

Verso Corporation, Q4 2014 Earnings Call, Mar 06, 2015

Verso Corporation, Q4 2014 Earnings Call, Mar 06, 2015

Federal Judge To Consider Offers For Verso's Bucksport Mill

A federal judge has called a hearing on January 20, 2015, to consider at least two offers made by paper manufacturing companies to buy Verso Corporation (NYSE:VRS)'s Bucksport paper mill. .S. District Judge John A. Woodcock called the hearing to consider a letter dated January 16, 2015, sent by Kejriwal Singapore International which says it wants to buy and resume operations at the Bucksport mill and hire several hundred people. Paul LePage and Rosaire Pelletier, senior forest products adviser for the Maine Department of Economic and Community Development, also filed letters with the judge to say they had been working with at least two companies that had interest in keeping the Bucksport mill operating as a paper manufacturer. They did not name the companies.

 

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VRS Competitors

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Company Last Change
Clearwater Paper Corp $64.38 USD +0.21
Neenah Paper Inc $61.54 USD +0.54
PH Glatfelter Co $25.46 USD -0.02
Schweitzer-Mauduit International Inc $45.62 USD +0.16
Wausau Paper Corp $9.31 USD +0.23
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