Verso Corp (Verso) is a manufacturer and supplier of printing and specialty papers and pulp. Verso's portfolio of products include coated freesheet, uncoated freesheet, coated groundwood, supercalendered, label and converting, flexible packaging, technical papers, northern bleached hardwood kraft, northern and southern bleached softwood kraft, and deinked pulp. The company also manufactures and sells kraft pulp, which has applications to produce printing and writing paper grades and tissue products. The company’s products are used in commercial printing, media, and marketing such as magazines, retail inserts, catalogs, corporate collateral, books, high end advertising brochures, annual reports and direct mail. Verso is headquartered in Miamisburg, Ohio, the US.
Headquarters
United States of America
Address
8540 Gander Creek Dr, Miamisburg, Ohio, 45342-5439
Website
www.versoco.com
Telephone
1 877 8557243
No of Employees
1,600
Industry
Paper and Packaging
Ticker Symbol & Exchange
VRS (NYSE)
Revenue (2022)
$1.3B
-6%
(2022 vs 2021)
EPS
XXX
Net Income (2022)
XXX
97%
(2022 vs 2021)
Market Cap*
$786.9M
Net Profit Margin (2022)
XXX
96.9%
(2022 vs 2021)
* As of and is in US$
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Products and Services
| Products | Brands |
|---|---|
| Specialty Papers: | Influence |
| Label and Converting | Liberty |
| Flexible Packaging | Futura |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Regulatory Approval | In March, the company secured approval from shareholders to merge with BillerudKorsnas. |
| 2022 | Others | In February, the company held a meeting of stockholders, at which stockholders considered and voted upon various items related to the proposed and previously announced transaction with BillerudKorsnas AB. |
| 2021 | Acquisitions/Mergers/Takeovers | In December, the company announced that will be acquired by BillerudKorsnas AB for US$825 million. |
Competitor Comparison
| Key Parameters | Verso Corp | UPM-Kymmene Corp | Sappi Ltd | Resolute Forest Products Inc | Clearwater Paper Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | Finland | South Africa | Canada | United States of America |
| City | Miamisburg | Helsinki | Johannesburg | Montreal | Spokane |
| State/Province | Ohio | - | - | Quebec | Washington |
| No. of Employees | 1,600 | 17,289 | 12,495 | 6,900 | 3,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Randy J. Nebel | President; Chief Executive Officer; Director | Executive Board | 2020 | - |
| Brian D. Cullen | Senior Vice President; Chief Financial Officer | Senior Management | 2021 | - |
| Terrence M. Dyer | Senior Vice President - Human Resources and Communications | Senior Management | 2020 | - |
| Aaron D. Haas | Senior Vice President - Marketing | Senior Management | 2020 | - |
| Tonie Meyers | Senior Vice President - Sheeting Operations, General Manager | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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