VERSO CORPORATION is a leading North American producer of graphic and specialty papers, packaging and pulp. Its graphic papers portfolio comprises sheetfed, web, digital and inkjet papers used primarily in commercial printing, media and marketing applications, including magazines, catalogs, books, direct mail, corporate collateral and retail inserts. Its specialty product line includes release liner papers and high-performance label face stock for pressure sensitive, glue-applied and litho laminate applications. Its packaging papers include recycled linerboard and medium used in corrugated box manufacturing, bleached virgin and recycled kraft paper used for a variety of bag, sack and converting applications, and SBS paperboard used in single-face corrugated laminated box applications. Its market pulp is used to make printing, writing, specialty and packaging papers, facial and toilet tissue, and paper towels.
Company profile
Ticker
VRS
Exchange
Website
CEO
Adam John
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
International Paper • Resolute Forest Products • Domtar • Sylvamo • Glatfelter • Mativ • Neenah • Suzano ...
Former names
Verso Corp, Verso Paper Corp.
SEC CIK
Corporate docs
Subsidiaries
Verso Holding LLC • Verso Paper Holding LLC • Verso Escanaba LLC • Verso Luke LLC • Verso Quinnesec LLC • Verso Quinnesec REP LLC • Verso Minnesota Wisconsin LLC • Consolidated Water Power Company • Verso Energy Holding LLC ...
IRS number
753217389
VRS stock data
Latest filings (excl ownership)
15-12B
Securities registration termination
12 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
31 Mar 22
8-K
Completion of Acquisition or Disposition of Assets
31 Mar 22
25-NSE
Exchange delisting
31 Mar 22
8-K
Verso Receives All Regulatory Approvals Necessary to Proceed with Closing of Merger with BillerudKorsnäs AB
29 Mar 22
8-K
Entry into a Material Definitive Agreement
21 Mar 22
8-K
Verso Announces Stockholder Approval of Merger Agreement with BillerudKorsnäs
11 Mar 22
DEFA14A
Additional proxy soliciting materials
7 Mar 22
8-K
Other Events
7 Mar 22
10-K
2021 FY
Annual report
28 Feb 22
Transcripts
VRS
Earnings call transcript
2021 Q3
5 Nov 21
VRS
Earnings call transcript
2021 Q2
6 Aug 21
VRS
Earnings call transcript
2021 Q1
7 May 21
VRS
Earnings call transcript
2020 Q4
28 Feb 21
VRS
Earnings call transcript
2020 Q3
9 Nov 20
VRS
Earnings call transcript
2020 Q2
9 Aug 20
VRS
Earnings call transcript
2020 Q1
11 May 20
VRS
Earnings call transcript
2019 Q4
27 Feb 20
VRS
Earnings call transcript
2019 Q3
12 Nov 19
VRS
Earnings call transcript
2019 Q2
9 Aug 19
Latest ownership filings
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
4
Kevin M Kuznicki
31 Mar 22
4
MARVIN D COOPER
31 Mar 22
4
NANCY M TAYLOR
31 Mar 22
4
Randy J. Nebel
31 Mar 22
4
Robert K Beckler
31 Mar 22
4
Jeffrey E Kirt
31 Mar 22
4
TERRANCE M DYER
31 Mar 22
4
Brian D Cullen
31 Mar 22
SC 13D/A
SCW Capital Management, LP
8 Mar 22
Financial summary
Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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) | 174.00 mm | 174.00 mm | 174.00 mm | 174.00 mm | 174.00 mm | 174.00 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 1.92 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 53.19 mm | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 120.81 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 63.0 | n/a | n/a |
Institutional ownership, Q1 2023
12.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 63.29 mm |
Total shares | 3.68 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Lapetus Capital II | 2.55 mm | $49.41 mm |
BW Coated | 874.08 k | $10.71 mm |
Hoak Public Equities | 250.00 k | $3.17 mm |