Veritiv (Veritiv) Retained Earnings : $647 Mil (As of Sep. 2023)

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What is Veritiv Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Veritiv's retained earnings for the quarter that ended in Sep. 2023 was $647 Mil.

Veritiv's quarterly retained earnings increased from Mar. 2023 ($533 Mil) to Jun. 2023 ($595 Mil) and increased from Jun. 2023 ($595 Mil) to Sep. 2023 ($647 Mil).

Veritiv's annual retained earnings increased from Dec. 2020 ($-1 Mil) to Dec. 2021 ($143 Mil) and increased from Dec. 2021 ($143 Mil) to Dec. 2022 ($473 Mil).

Veritiv Retained Earnings Historical Data

The historical data trend for Veritiv's Retained Earnings 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.

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Veritiv Retained Earnings Chart

Veritiv Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-8.50

-35.30

-1.40

143.20

472.60

Veritiv Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															409.50	472.60	532.80	595.00	647.20

Veritiv Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Veritiv (NYSE:VRTV) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Veritiv (Veritiv) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Veritiv Corp (NYSE:VRTV) » Definitions » Retained Earnings

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Address

1000 Abernathy Road NE, Building 400, Suite 1700, Atlanta, GA, USA, 30328

Website

https://www.veritivcorp.com

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