Veritiv Corp
veritivcorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 3, 2023. Its latest SEC filing is a SC 13G/A from Feb 9, 2024.
10-Q for Q3 FY2023, filed Nov 3, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Distributes packaging, facility supplies, and paper and print products to manufacturers, retailers, and commercial printers.
10-K for FY2022, filed Feb 28, 2023Veritiv Corporation ("Veritiv" or the "Company" and sometimes referred to in this Annual Report on Form 10-K as "we", "our" or "us") is a…View ↗
Veritiv operates primarily throughout the United States ("U.S.") and Mexico, serving customers across a broad range of industry sectors.…View ↗
Packaging – Veritiv is a global provider of packaging products, services and solutions. The Packaging segment provides custom and standard…View ↗
How Did They Make Money?
Customers generally buy products through purchase orders or rate agreements. Veritiv is paid when products are delivered to the customer's designated location; some equipment sales and other arrangements are prepaid.
10-K for FY2022, filed Feb 28, 2023
-
10-K for FY2022, filed Feb 28, 2023
FY2022 revenue by reportable segment ↗
$7.1B
-
10-K for FY2022, filed Mar 1, 2023
$7.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Packaging
Sold outright
10-K for FY2022, filed Feb 28, 2023 |
55%
FY2019: 45%
|
Packaging, FY2022
$3.9B Sources
|
Sold outright |
|
Facility Solutions
Sold outright
10-K for FY2022, filed Feb 28, 2023 |
11%
FY2019: 15%
|
Facility Solutions, FY2022
$780.6M Sources
|
Sold outright |
|
Print Solutions
Sold outright
10-K for FY2022, filed Feb 28, 2023 |
33% |
Print Solutions, FY2022
$2.4B Sources
|
Sold outright |
Who Were Their Customers?
Veritiv serves businesses across manufacturing, food and beverage, healthcare, transportation, property management, retail, and commercial printing. Customers order through purchase orders and sales agreements, including multi-year agreements; the company delivers from its distribution centers or directly from manufacturers.
10-K for FY2022, filed Feb 28, 2023Veritiv operates primarily throughout the United States ("U.S.") and Mexico, serving customers across a broad range of industry sectors.…View ↗
We serve customers across a broad range of industry sectors, through a variety of means ranging from multi-year sales agreements to…View ↗
Timely and accurate delivery of a customer's order, on a consistent basis, are important criteria in a customer's decision to purchase…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2022 and turned 3 cents into free cash flow.
10-K for FY2022, filed Mar 1, 2023
$441.2MView ↗
10-K for FY2022, filed Mar 1, 2023
$337.9MView ↗
10-K for FY2022, filed Mar 1, 2023
$230.5MView ↗
How Were They Changing?
10-Q for Q3 FY2023, filed Nov 3, 2023
Open tableView ↗
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Nov 30, 2023
CD&R completed its acquisition of Veritiv, which became privately held
Veritiv shares ceased trading and were delisted from the New York Stock Exchange.
Sources
8-K, filed Nov 30, 2023
ATLANTA, November 30, 2023 – Veritiv Corporation, a leading distributor of packaging, facility solutions, and print products, today…View ↗
Shrank. Revenue fell 18% in 4 years, from $8.7B in FY2018 to $7.1B in FY2022, about 5% a year.
Print and publishing combined
The latest report groups print and publishing operations in one Print Solutions segment. The older report described them as separate segments, with Publishing also providing print management, procurement, and supply chain management solutions.
10-K for FY2019, filed Feb 27, 2020 10-K for FY2022, filed Feb 28, 2023Veritiv's business is organized under three reportable segments: Packaging, Facility Solutions and Print Solutions. This segment structure…View ↗
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