Veritiv (NYSE:VRTV) reported Q4 EPS of $5.20, $0.18 better than the analyst estimate of $5.02. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.75 billion.
GUIDANCE:
Veritiv sees FY2023 EPS of $19.00-$22.00.
- The Company expects full year 2023 net income to be in the range of $265 to $305 million. Diluted earnings per share is estimated to be in the range of $19.00 to $22.00, based on approximately 13.9 million fully diluted shares outstanding. Adjusted EBITDA is expected to be in the range of $430 to $490 million. Net cash provided by operating activities and free cash flow are expected to be approximately $305 million and $275 million, respectively. Capital investments are estimated to be approximately $45 million, consisting of approximately $30 million of traditional capital expenditures and approximately $15 million of cloud computing arrangements2, consistent with our investments in technology.