OverviewSuggest Edit

Veritiv Corporation is a company operating as a business-to-business distributor of packaging, facility solutions as well as print and publishing products and services. It is organized under 4 reportable segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing). The Packaging segment provides standard as well as custom and comprehensive packaging solutions for industrial and general manufacturing, food processing, fulfillment, and internet retail industries. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies, such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities. The Print segment sells and distributes commercial printing, writing, copying, digital, specialty products, graphics consumables, and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts, and direct mail.
TypePublic
Founded2014
HQAtlanta, GA, US
Websiteveritivcorp.com
Employee Ratings3.6
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)6,400(-20%)
Job Openings232
Revenue (FY, 2020)$6.3 B(-17%)
Share Price (Sept 2021)$88.9(+2%)
Cybersecurity ratingAMore

Key People/Management at Veritiv

Salvatore A. Abbate

Salvatore A. Abbate

Chief Executive Officer & Director
Stephen J. Smith

Stephen J. Smith

Senior Vice President and Chief Financial Officer
Dean A. Adelman

Dean A. Adelman

Senior Vice President and Chief Human Resources Officer
John G. Biscanti

John G. Biscanti

Group Vice President, Publishing and Print Management
Daniel B. Calderwood

Daniel B. Calderwood

Senior Vice President, Marketing and Business Management
Tracy L. Pearson

Tracy L. Pearson

Senior Vice President, Supply Chain Operations
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Veritiv Office Locations

Veritiv has offices in Atlanta, Addison, Alexandria, Anchorage and in 107 other locations
Atlanta, GA, US (HQ)
1000 Abernathy Rd NE Ste 1700
Addison, IL, US
1141 N Swift Rd
Alexandria, LA, US
3644 Government St
Anchorage, AK, US
550 W 64th Ave
Appleton, WI, US
3551 E Vantage Dr
Aurora, IL, US
901 Bilter Rd #200
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Veritiv Financials and Metrics

Veritiv Revenue

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View revenue for all periods
Veritiv's revenue was reported to be $6.35 b in FY, 2020 which is a 17.2% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.6b

Gross profit (Q1, 2021)

321.2m

Gross profit margin (Q1, 2021), %

20.6%

Net income (Q1, 2021)

21.3m

EBIT (Q1, 2021)

34.5m

Market capitalization (15-Sept-2021)

1.4b

Closing stock price (15-Sept-2021)

88.9

Cash (31-Mar-2021)

109.0m

EV

1.9b
Veritiv's current market capitalization is $1.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

8.7b7.7b6.3b

Revenue growth, %

4%(12%)(17%)

Cost of goods sold

7.2b6.2b5.0b

Gross profit

1.5b1.5b1.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.9b2.0b1.9b1.7b1.4b1.6b1.6b

Cost of goods sold

1.6b1.6b1.6b1.4b1.1b1.3b1.2b

Gross profit

350.1m373.9m373.7m347.7m298.0m328.8m321.2m

Gross profit Margin, %

18%19%19%20%21%21%21%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

64.3m38.0m120.6m

Accounts Receivable

1.2b910.8m849.5m

Inventories

688.2m552.9m465.4m

Current Assets

2.1b1.6b1.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

58.0m56.1m59.3m74.6m112.4m112.5m109.0m

Accounts Receivable

1.1b1.0b968.2m915.4m762.4m840.1m853.3m

Inventories

681.4m638.3m602.6m505.2m509.4m484.5m493.5m

Current Assets

1.9b1.8b1.8b1.6b1.5b1.6b1.6b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(15.7m)(29.5m)34.2m

Depreciation and Amortization

53.5m53.5m57.7m

Inventories

26.4m139.7m89.7m

Accounts Payable

(15.9m)(199.7m)5.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(26.7m)(38.0m)(32.9m)(400.0k)(18.9m)2.2m21.3m

Depreciation and Amortization

12.8m26.2m39.5m13.8m28.1m43.1m14.5m

Inventories

8.6m53.6m87.8m38.5m37.9m65.3m(30.7m)

Accounts Payable

(57.8m)(59.8m)(84.8m)50.9m200.0k52.8m54.3m
USDFY, 2018

EV/EBIT

83.9 x

EV/CFO

88.4 x

Revenue/Employee

999.6k

Debt/Equity

1.8 x

Debt/Assets

0.4 x

Financial Leverage

4.7 x

P/E Ratio

(25.2)
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Veritiv Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Distribution Centers

160160160150150150140140125125

Distribution Centers (Leased)

150150150140140140130130117115

Distribution Centers (Owned)

1010101010101010810

Distribution Centers Space, sq. ft.

19.4 m18.4 m17.1 m
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Veritiv Acquisitions / Subsidiaries

Company NameDateDeal Size
All American ContainersSeptember 05, 2017
Alco Realty, Inc.
All American Containers of Puerto Rico, LLC
Graph Comm Holdings International, Inc.
MC xpedx, S. de R.L. de C.V.
Oficina Central de Servicios, S. A. de C. V.
Paper Corporation of North America
Unisource Global Solutions
Unisource International China, Inc.
Unisource International Holdings, Inc.
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Veritiv Revenue Breakdown

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Veritiv revenue breakdown by business segment: 8.6% from Publishing, 23.0% from Print, 14.5% from Facility Solutions, 52.3% from Packaging and 1.7% from Other

Veritiv revenue breakdown by geographic segment: 10.3% from Canada, 87.0% from U.S. and 2.7% from Other

Human Capital Metrics

Source: craft.co
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Veritiv Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Veritiv Online and Social Media Presence

Embed Graph

Veritiv Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    F

    52/100

  • Compensation

    D

    55/100

  • Diversity

    F

    51/100

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Veritiv News and Updates

Veritiv Announces Record Second Quarter 2021 Net Income and Adjusted EBITDA; Raises Guidance

ATLANTA, Aug. 9, 2021 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business distribution solutions, today announced financial results for the second quarter ended June 30, 2021. "The combination of strong Packaging sales growth and operational...

Veritiv to Release Second Quarter 2021 Financial Results on August 9

ATLANTA, July 26, 2021 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV) will host a live conference call and webcast to discuss its second quarter 2021 financial results on Monday, August 9, at 9 a.m. EDT. To participate, callers within the U.S. and Canada can dial (833) 968-2246, and...

Gregory Morrison Named to Veritiv Board of Directors

Veritiv Corporation announced today the appointment of Gregory B. Morrison to the company's board of directors

Veritiv Increases Stock Repurchase Program by $50 Million, Expanding the Total to $100 Million

Veritiv Corporation (NYSE: VRTV), a full-service provider of business-to-business distribution solutions and services, announced today its Board of Directors has approved an increase in the size of the Company's existing stock repurchase program from $50 million to $100 million.

Veritiv Announces Record First Quarter 2021 Net Income and Adjusted Ebitda

Reports First Quarter Net Sales of $1.6 Billion, Record First Quarter Net Income of $21.3 Million, Basic and Diluted Earnings per Share of $1.34 and $1.28, respectively, Record First Quarter Adjusted EBITDA of $59.5 Million, and Record Low Net Leverage Ratio of 2.0x

Veritiv to Release First Quarter Financial Results on May 5

Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its first quarter 2021 financial results on Wednesday, May 5, at 9 a.m. ET.
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Veritiv Blogs

How to save money when buying packaging

If you’re responsible for purchasing packaging supplies (boxes, bags, mailers, tape, etc.), you care about getting the best value for your money. Scoring a fair price is essential. So is keeping an eye on your buying practices and the vendor partners you rely on. Here are three best practices to inc…

The print industry has gone berserk

Why you need to care about operating rates and how we can help you get what you want, when you want it. The ongoing pandemic coupled with a sharp economic recovery, soaring freight costs and labor shortage has created a lot of challenges in the paper supply chain. As a result, you’ve likely noticed …

Are you handling the supply chain or is it handling you?

World events have put stress on everything in the paper business––from manufacturing to logistics to delivery. One major result is an inability to access paper that has many businesses caught in a boat without a paddle. Word to the wise: having a strategic distribution partner can help you keep busi…

Avoid the spam folder

A mix and match play of both print and digital is likely your go-to approach for marketing your business. But as of late—due to the pandemic and economic lockdown—digital has taken the lead. Flooding inboxes, increasing “Unread” counts and causing a lot of e-waste. The good news All of this digital …

Strategies for buying & storing

Having an abundance of packaging supplies in inventory may sound like a smart business strategy—but the carrying costs for doing so are higher than you would guess, unnecessary and avoidable. Today, more and more companies identify inventory management as a top priority, but they aren’t computing in…

Five reasons to go touchless in your facility

Touchless or touch-free restrooms have been around for years. But with the COVID-19 pandemic fueling increased demand for touchless solutions, more high-traffic organizations, including government offices and educational institutions, are moving swiftly to fully touchless restrooms. No surprise—cons…
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Veritiv Frequently Asked Questions

  • When was Veritiv founded?

    Veritiv was founded in 2014.

  • Who are Veritiv key executives?

    Veritiv's key executives are Salvatore A. Abbate, Stephen J. Smith and Dean A. Adelman.

  • How many employees does Veritiv have?

    Veritiv has 6,400 employees.

  • What is Veritiv revenue?

    Latest Veritiv annual revenue is $6.3 b.

  • What is Veritiv revenue per employee?

    Latest Veritiv revenue per employee is $991.5 k.

  • Who are Veritiv competitors?

    Competitors of Veritiv include Berlin Packaging, Multi Packaging Solutions and DS Smith.

  • Where is Veritiv headquarters?

    Veritiv headquarters is located at 1000 Abernathy Rd NE Ste 1700, Atlanta.

  • Where are Veritiv offices?

    Veritiv has offices in Atlanta, Addison, Alexandria, Anchorage and in 107 other locations.

  • How many offices does Veritiv have?

    Veritiv has 114 offices.