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Veritiv (Veritiv) EBIT : $382 Mil (TTM As of Sep. 2023)


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What is Veritiv EBIT?

Veritiv's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $382 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veritiv's annualized ROC % for the quarter that ended in Sep. 2023 was 18.58%. Veritiv's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 42.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veritiv's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.32%.


Veritiv EBIT Historical Data

The historical data trend for Veritiv's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veritiv EBIT Chart

Veritiv Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.10 9.30 66.00 213.20 447.90

Veritiv Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.90 101.20 93.90 100.80 86.10

Competitive Comparison of Veritiv's EBIT

For the Conglomerates subindustry, Veritiv's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veritiv's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Veritiv's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veritiv's EV-to-EBIT falls into.



Veritiv EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $382 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veritiv  (NYSE:VRTV) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Veritiv's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=336.8 * ( 1 - 26.48% )/( (1366.3 + 1299.7)/ 2 )
=247.61536/1333
=18.58 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Veritiv's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=344.4/( ( (124.2 + max(720.4, 0)) + (127.6 + max(657.9, 0)) )/ 2 )
=344.4/( ( 844.6 + 785.5 )/ 2 )
=344.4/815.05
=42.26 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(750.5 + 487 + 95) - (612.1 + 0 + -1.1368683772162E-13)
=720.4

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(756.9 + 455.8 + 100.7) - (655.5 + 0 + 0)
=657.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Veritiv's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=382/2341.007
=16.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veritiv EBIT Related Terms

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Veritiv (Veritiv) Business Description

Traded in Other Exchanges
N/A
Address
1000 Abernathy Road NE, Building 400, Suite 1700, Atlanta, GA, USA, 30328
Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.
Executives
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Seth A Klarman 10 percent owner 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Eric Guerin officer: SVP Finance 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Autumn R Bayles director QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
Stephen E. Macadam director C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Lance D Gebert officer: Corporate Controller and PFO 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Stephen Joseph Smith officer: SVP & CFO C/O AMERICAN GREETINGS CORP, ONE AMERICAN RD, CLEVELAND OH 44144
Gregory B Morrison director 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Susan B. Salyer officer: SVP Chief Compliance, and Sustainability Officer 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Bain Capital Investors Llc 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Karen Renner officer: SVP Chief Information Officer 3871 LAKEFIELD DR, SUWANEE GA 30024
Daniel B Calderwood officer: SVP Marketing & Bus. Mgmt 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Stephanie E Mayerle officer: SVP Sales 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Mary A Laschinger director, officer: CEO and Chairman 400 ATLANTIC STREET, STAMFORD CT 06921