Veritiv Corporation’s 2Q 2018 net sales were $2.2 billion, an increase of 7% from the prior year. Net sales increased 6.6% from the prior year, excluding the positive effect of foreign currency (0.4%) in the 2Q 2018. Adjusted EBITDA was $45.4 million, an increase of 6.8% from the prior year, as the company said in the press release received by Lesprom Network.
Net loss was $(10.6) million, compared to net loss of $(9.1) million in the prior year. Net integration, acquisition and restructuring charges were $19.8 million in the 2Q 2018 and $30.7 million in the prior year.
"We are pleased with our 2Q results," said Mary Laschinger, Chairman and CEO of Veritiv Corporation. "Our Packaging and Facility Solutions revenues continue to grow, and Print and Publishing also showed top-line trend improvement despite the challenging sector. We experienced a sequential increase in consolidated margins from the first quarter to the 2Q, and believe there is room for improvement. Overall, we are reiterating our 2018 guidance for Adjusted EBITDA and free cash flow."
Veritiv Corporation is a leading North American business-to-business distributor of packaging, facility solutions, print and publishing products and services.
