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Veritiv expands in US with purchase of Subotnick Packaging
Yahoo Finance· 2025-09-19 09:31
Veritiv Operating Company, a provider of specialty packaging solutions, has acquired Oregon, US-based Subotnick Packaging. Financial terms of the deal remain undisclosed. Subotnick is a distributor of packaging products and equipment. It caters to a range of sectors including building materials, food, e-commerce and transportation, providing both stock and custom packaging offerings. Established in 1925, the family owned business is said to have “deep roots” across the Pacific Northwest. Veritiv sta ...
Veritiv Set to Continue Huge Momentum After Q2 Beats and Solid Guidance
ZACKS· 2025-07-31 14:06
Core Insights - Vertiv Holdings Co. (VRT) reported second-quarter 2025 adjusted earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.83, and up from $0.67 per share a year ago [1][8] - The company achieved quarterly revenues of $2.64 billion, surpassing the Zacks Consensus Estimate by 11.86%, compared to $1.95 billion in the same quarter last year [1][8] Company Overview - Vertiv is a leading global provider of critical digital infrastructure and services for data centers, communication networks, and commercial and industrial environments, focusing on power, cooling, and IT infrastructure solutions, particularly AI-enabled infrastructure [2] Performance and Growth - The company experienced a 35% sales growth, driven by strong market demand and expanded capabilities to meet complex infrastructure needs [3] - VRT's stock price has increased by 29.4% year to date and 58.8% over the past three months, reflecting the resurgence of AI-infrastructure providers amid significant spending by data center hyperscalers [5] Strategic Partnerships - Vertiv's partnership with NVIDIA Corp. is a key catalyst for growth, aiming to stay one GPU generation ahead to provide efficient power solutions for next-gen AI data centers [3][4] - The company has a diverse partner base, including Ballard Power Systems, Compass Datacenters, Intel Corp., ZincFive, and Tecogen, enhancing its market position [4] Future Guidance - For the third quarter, VRT forecasts adjusted earnings of $0.97 per share and total revenues of $2.55 billion, slightly above current consensus estimates [6][9] - For 2025, VRT projects adjusted earnings per share between $3.75 and $3.85, with total revenues expected to range from $9.93 billion to $10.08 billion, both exceeding current consensus estimates [10] Long-Term Prospects - The AI infrastructure market is projected to see a significant increase in capital expenditure, with four major companies planning to invest $325 billion in 2025, marking a 46% year-over-year increase [12] - VRT's long-term EPS growth rate is estimated at 28.3%, significantly higher than the S&P 500's long-term growth rate of 12.6%, indicating strong future potential [13]
Veritiv Announces Agreement to Acquire Orora Packaging Solutions
Prnewswire· 2024-09-03 22:45
ATLANTA, Sept. 3, 2024 /PRNewswire/ -- Veritiv, a leader in specialty packaging distribution, announced today it has entered into a binding agreement with Orora (ASX: ORA) to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS)1. This strategic acquisition will further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America. "The combination of Veritiv and Orora Packaging Solutions will signif ...
Veritiv(VRTV) - 2023 Q3 - Quarterly Report
2023-11-03 12:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 VERITIV CORPORATION Not Applicable (Former name, former address and former fiscal year, if changed since last ...
Veritiv(VRTV) - 2023 Q2 - Quarterly Report
2023-08-08 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from ________ to _________ Commission file number 001-36479 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 VERITIV CORPORATION For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 46-3234977 (State or other juri ...
Veritiv(VRTV) - 2023 Q1 - Quarterly Report
2023-05-09 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 VERITIV CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-3234977 (State or other jur ...
Veritiv(VRTV) - 2022 Q4 - Annual Report
2023-02-28 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 VERITIV CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-3234977 (State or other jurisdic ...
Veritiv(VRTV) - 2022 Q2 - Quarterly Report
2022-08-09 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 VERITIV CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-3234977 (State or other juri ...
Veritiv(VRTV) - 2022 Q1 - Quarterly Report
2022-05-09 20:05
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of ea ...
Veritiv(VRTV) - 2021 Q4 - Annual Report
2022-03-01 21:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-36479 VERITIV CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-3234977 (State or other jurisdic ...