veritiv corporation (nyse: vrtv) is a leading north american business-to-business distributor of print, publishing, packaging, facility, and logistics solutions. with approximately 8,900 employees and $9 billion in revenue, we serve customers across virtually every industry. our history goes back more than 150 years, and our legacy companies achieved past success by upholding high standards of efficiency, integrity, accountability, and customer focus. we leverage this rich history as one team shaping success through exceptional service, innovative people, and consistent values. veritiv has an expansive north american network with more than 180 locations, and we do business with more than half of the fortune 500. we’re a big company, but we’re also a new company, shaping our systems and processes to support a successful and sustainable future.
Company profile
Ticker
VRTV
Exchange
Website
CEO
Mary Laschinger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Sugarmade ...
Former names
xpedx Holding Co
SEC CIK
Corporate docs
Subsidiaries
Alco Realty, Inc. • All American Containers of Puerto Rico, LLC • MC xpedx, S. de R.L. de C.V. • Paper Corporation • Unisource Global Solutions - Malaysia Sdn. Bhd. • Unisource International • Unisource International Holdings, Inc. • Unisource Trading (Shanghai) Co., Ltd • Veritiv Japan Trading Inc. • Veritiv Netherlands B.V. ...
VRTV stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Dec 23
EFFECT
Notice of effectiveness
5 Dec 23
POS AM
Prospectus update (post-effective amendment)
30 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 23
8-K
CD&R Completes Acquisition
30 Nov 23
25-NSE
Exchange delisting
30 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
Results of Operations and Financial Condition
18 Oct 23
8-K
Veritiv Announces Stockholder Approval of Acquisition By Clayton, Dubilier & Rice
17 Oct 23
Transcripts
VRTV
Earnings call transcript
2023 Q1
9 May 23
VRTV
Earnings call transcript
2022 Q4
28 Feb 23
VRTV
Earnings call transcript
2022 Q3
8 Nov 22
VRTV
Earnings call transcript
2022 Q2
9 Aug 22
VRTV
Earnings call transcript
2022 Q1
9 May 22
VRTV
Earnings call transcript
2022 Q1
9 May 22
VRTV
Earnings call transcript
2021 Q4
1 Mar 22
VRTV
Earnings call transcript
2021 Q3
3 Nov 21
VRTV
Earnings call transcript
2021 Q2
9 Aug 21
VRTV
Earnings call transcript
2021 Q1
8 May 21
Latest ownership filings
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
4
SETH A KLARMAN
6 Dec 23
SC 13D/A
BAUPOST GROUP LLC/MA
4 Dec 23
4
Charles Ward
30 Nov 23
4
MICHAEL P MULDOWNEY
30 Nov 23
4
Gregory B Morrison
30 Nov 23
4
Stephen E. Macadam
30 Nov 23
4
Tracy A Leinbach
30 Nov 23
4
David E Flitman
30 Nov 23
4
Shantella E. Cooper
30 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 40.20 mm | 40.20 mm | 40.20 mm | 40.20 mm | 40.20 mm | 40.20 mm |
Cash burn (monthly) | 1.23 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 8.44 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 31.76 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 25.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
94.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 224 |
Opened positions | 48 |
Closed positions | 60 |
Increased positions | 54 |
Reduced positions | 84 |
13F shares | Current |
---|---|
Total value | 2.16 tn |
Total shares | 12.84 mm |
Total puts | 10.00 k |
Total calls | 62.12 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Baupost | 3.32 mm | $561.49 bn |
BLK Blackrock | 2.07 mm | $349.46 bn |
Dimensional Fund Advisors | 1.03 mm | $173.18 bn |
Vanguard | 884.22 k | $149.34 bn |
FIL | 542.04 k | $91.55 bn |
STT State Street | 518.91 k | $87.64 bn |
Geode Capital Management | 271.28 k | $45.83 bn |
Pacer Advisors | 263.19 k | $44.45 bn |
Charles Schwab Investment Management | 230.80 k | $38.98 bn |
American Century Companies | 191.68 k | $32.37 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Nov 23 | Baupost | Common Stock | Other | Dispose J | Yes | No | 170 | 3,324,324 | 565.14 mm | 0 |
30 Nov 23 | Abbate Salvatore A | Common Stock | Sale back to company | Dispose D | No | No | 170 | 62,808 | 10.68 mm | 0 |
30 Nov 23 | Abbate Salvatore A | Common Stock | Sale back to company | Dispose D | No | No | 170 | 62,470 | 10.62 mm | 0 |
30 Nov 23 | Abbate Salvatore A | Performance Share Units Common Stock | Sale back to company | Dispose D | No | No | 170 | 39,846 | 6.77 mm | 0 |
30 Nov 23 | Daniel B Calderwood | Common Stock | Sale back to company | Dispose D | No | No | 170 | 8,311 | 1.41 mm | 0 |
30 Nov 23 | Daniel B Calderwood | Common Stock | Sale back to company | Dispose D | Yes | No | 170 | 9,425 | 1.60 mm | 0 |
30 Nov 23 | Daniel B Calderwood | Performance Share Units Common Stock | Sale back to company | Dispose D | No | No | 170 | 3,292 | 559.64 k | 0 |
30 Nov 23 | Dean A Adelman | Common Stock | Sale back to company | Dispose D | No | No | 170 | 12,681 | 2.16 mm | 0 |
30 Nov 23 | Dean A Adelman | Common Stock | Sale back to company | Dispose D | No | No | 170 | 13,812 | 2.35 mm | 0 |
30 Nov 23 | Dean A Adelman | Performance Share Units Common Stock | Sale back to company | Dispose D | No | No | 170 | 5,508 | 936.36 k | 0 |