Director, Communications. Verso also makes market pulp used in printing, writing, specialty and packaging papers, facial and toilet tissue, and paper towels. Net sales Net sales for the three months ended September 30, 2021 increased $33 million, or 11%, compared to the three months ended September 30, 2020, driven by favorable price/mix of $47 million, partially offset by $14 million, or 5%, largely attributable to our sold Duluth and idled Wisconsin Rapids mills. Follow Billerud in your preferred social media channel. For the twelve months ended 30 September 2021, Versos net sales amounted to USD 1 264 million. Verso Corporation Files Preliminary Proxy Statement in Connection with We also plan to sequentially transform part of the business into paperboard production while continuing to serve the U.S. customers. Analysts and investors may access the live conference call only by dialing 888-317-6003 (U.S. toll-free), 866-284-3684 (Canada toll-free) or 412-317-6061 (international) and referencing elite entry number 1707105 and Verso Corporation. The Company offers products and services through three segments: Uncoated Solutions, Packaging and Industrial and Forest Products. MIAMISBURG, Ohio, March 11, 2022 /PRNewswire/ -- Verso Corporation (NYSE: VRS) ("Verso") announced that, at a special meeting of stockholders held today . 14 paper machine and certain other long-lived assets at the Wisconsin Rapid Mill; Verso's dependence on a small number of customers for a significant portion of its business; Verso's ability to compete with respect to certain specialty paper products for a period of two years after the closing of the Pixelle sale; any failure to comply with environmental or other laws or regulations; legal proceedings or disputes; any labor disputes; and the potential risks and uncertainties described under the caption "Risk Factors" in Verso's Form 10-K for the fiscal year ended December 31, 2020 and Verso's Form 10-Q for the quarter ended June 30, 2021 and from time to time in Verso's other filings with the Securities and Exchange Commission. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.webcaster4.com/Webcast/Page/1524/42871, Adjusted EBITDA margin of 19.8% compared to a 3.9% margin in third quarter 2020 and a 15.8% margin in second quarter 2021, Favorable restructuring charge adjustments of, Lower selling, general and administrative expenses of, Lower sales volume resulting in a decrease of. The special meeting of shareholders to vote on the Merger will be held virtually via live webcast at 10:00 a.m. Eastern Time on March, 11, 2022, and can be accessed by stockholders of record as of the close of business on the record date established for the special meeting by visitingwww.virtualshareholdermeeting.com/VRS2022SM. Creates one of the largest providers of virgin fiber paper and packaging with a cost and quality advantage. For more information, see www.versoco.com In addition, other companies may calculate non-GAAP and non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore, the non-GAAP and non-IFRS measures set forth in this press release may not be directly comparable to similarly titled measures of other companies. MIAMISBURG, Ohio, Feb. 21, 2022 /PRNewswire/ --Verso Corporation (NYSE: VRS) today announced that it will release its fourth quarter and full year 2021 financial results before the market opens on February 28, 2022. The rights issue is planned to be carried out in 2022 following completion of the transaction. Additional Information and Where to Find It. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes. Investors and security holders may obtain copies of these documents and any other documents filed with or furnished to the SEC by Verso or BillerudKorsns free of charge through the website maintained by the SEC at www.sec.gov, or on Versos investor website, https://investor.versoco.com/. These non-GAAP and non-IFRS measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP or IFRS, as applicable, and should not be considered as an alternative to performance measures derived in accordance with GAAP or IFRS, as applicable. Unsolicited Acquisition Proposal from Atlas Holdings LLC On September 21, 2021, Verso announced that the Company entered into a confidentiality agreement with Atlas Holdings LLC, or "Atlas," and communicated to Atlas that the previously disclosed $20.00 per share all-cash offer to acquire Verso was insufficient and that Verso would only consider a potential transaction if the offer meaningfully increased. The acquisition will be effected pursuant to a merger agreement under which Verso will merge with a wholly-owned subsidiary of BillerudKorsns. The company has seven production units in Sweden and Finland, and about 4,400 employees in over 13 countries. Cision Distribution 888-776-0942 For 2021, charges are associated with the closure of our Luke Mill, the closure of our Duluth Mill and ofthe No. For more information, visit us online at versoco.com. Realized (gain) loss on the sale or disposal of assets. For 2021, professional fees and other charges associated with strategic initiatives, including activities in connection with the unsolicited acquisition proposal from Atlas Holdings LLC, and other miscellaneous adjustments. Verso's graphic paper products are designed primarily for commercial printing, advertising and marketing applications, including direct mail, catalogs, corporate collateral, books and magazines. Forward-Looking Statements In this press release, all statements that are not purely historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. SEC Filings | Domtar Verso's graphic paper products are designed primarily for commercial printing, advertising and marketing applications, including direct mail, catalogs, corporate collateral, books and magazines. "As we look toward the future, we believe our pending combination with BillerudKorsns will enable our customers and employees to benefit from enhanced opportunities as part of a larger, stronger organization. Verso has around 1,700 employees. ", Christoph Michalski, President and CEO of BillerudKorsns, commented, "The combination of BillerudKorsns' expertise in high-quality virgin fiber packaging materials and Verso's attractive assets creates an excellent platform for long-term profitable growth. Operating income (loss)Operating loss was $29 million for the twelve months ended December 31, 2021, an improvement of $99 million when compared to operating loss of $128 million for the twelve months ended December 31, 2020. The combination of BillerudKorsns expertise in high-quality virgin fibre packaging materials and Versos attractive assets creates an excellent platform for long-term profitable growth. Our investments will create new US-based jobs in a growing market and accelerate the transition from plastic-based packaging materials to renewable sources, said Christoph Michalski, President and CEO of BillerudKorsns. Amortization of noncash incentive compensation. VERSO CORP : Other Events, Financial Statements and Exhibits (form 8-K The average salary for Top Investor Relations Executive at companies like VERSO CORP in the United States is $306,245 as of February 27, 2023, but the salary range typically falls between $269,236 and $355,287. Verso Corporation Reports Fourth Quarter and Full Year 2021 Financial The extent to which the COVID-19 pandemic impacts Verso's and BillerudKorsns' businesses, operations and financial results, including (without limitation) the duration and magnitude of such effects, will depend on numerous factors, which are unpredictable, including, but not limited to, the duration and spread of the outbreak, its severity, the actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. About Verso CorporationVerso Corporation is a leading American owned and operated producer of graphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality . VSE Corporation Announces June 2023 Investor Conference Schedule Participants in the SolicitationVerso and its directors and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the Merger under the rules of the SEC. To participate via telephone and thereby be able to ask questions, please use any of the following telephone numbers and pin code 46795865#. The image gallery includes pictures of Billeruds operations, key people and products. MIAMISBURG, Ohio, Nov. 5, 2021 /PRNewswire/ --Verso Corporation (NYSE: VRS) today reported financial results for the third quarter of 2021 and announced that its Board of Directors has declared a quarterly cash dividend for the quarter ending December 31, 2021, in the amount of $0.10 per each outstanding share of Verso's Class A common stock. As announced on December 19, 2021, Verso has entered into a definitive Read more. This release is not a substitute for the Proxy Statement, or for any other document that Verso has filed or may file with the SEC or send to its stockholders in connection with the proposed merger. For 2020, other miscellaneous adjustments. EARNINGS; TRENDING; STOCKTWITS; . Verso and its respective directors and certain of its respective executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed merger under the rules of the SEC. For 2020, charges are associated with the closure of our Luke Mill in June 2019 and the closure of our Duluth Mill inDecember 2020. PDF We challenge conventional packaging for a sustainable future - Billerud In connection with the proposed transaction, Verso expects to file with the SEC and furnish to its stockholders a proxy statement on Schedule 14A, as well as other relevant documents regarding the proposed transaction.
Fortivoice Teams Integration,
Sainsbury's Mulled Wine,
Articles V