Content analysis
?Positive | ||
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Legalese | ||
Litigous | ||
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H.S. freshman Avg
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New words:
adequacy, advisory, affirmative, al, annuity, appraisal, award, cancelled, captioned, Case, consummated, consummating, Court, defense, Delaware, dismissed, District, emergency, exceed, group, holder, injunction, instruction, merged, merit, October, par, passed, past, pending, properly, purported, regular, relief, sector, seek, selected, Southern, surviving, Verde, voluntarily, voted, waiver, Welsh, withdrawn, written, York
Removed:
consecutively, declared, record, repurchased, run
Financial report summary
?Management Discussion
- The tables below provide reconciliations of Veritiv's reported net sales, calculated in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), to its organic sales, which is a non-GAAP financial measure. Organic sales is defined by the Company as: net sales on an average daily sales basis, excluding revenue from sold businesses and revenue from acquired businesses for a period of 12 months after the Company completes the acquisition. The Company believes presenting organic sales will help investors better compare period-over-period results. Other companies in the industry may calculate organic sales differently than Veritiv does, limiting its usefulness as a comparative measure. For the three and nine months ended September 30, 2023, there was one less selling day in 2023 as compared to the prior year period.