Condensed consolidating financial information
The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet service providers.
This press release is being furnished to the SEC through a Form 8-K.
As a result, we consider and evaluate non-GAAP measures in connection with a review of the most directly comparable measure calculated in accordance with GAAP.
We caution investors not to place undue reliance on such non-GAAP measures and to consider them with the most directly comparable GAAP measures.
2, 2017 /PRNewswire/ -- Veritiv Corporation (VRTV), a North American leader in business-to-business distribution solutions, today announced financial results for the second quarter ended June 30, 2017. GAAP") and related reconciliations of non-GAAP financial measures to the most comparable U. GAAP measures can be found in the schedules to this press release, which should be thoroughly reviewed.
In addition, the credit agreement governing our asset-based lending facility permits us to exclude the foregoing and other charges in calculating "Consolidated EBITDA", as defined in the facility.
We approximate foreign currency effects by applying the foreign currency exchange rate for the prior period to the local currency results for the current period.
“We look forward to launching our first direct-to-consumer streaming service in the new year, and we will continue to invest for the future and take the smart risks required to deliver shareholder value.”EPS excluding certain items affecting comparability, segment operating income and free cash flow are non-GAAP financial measures.
Certain items affecting comparability during the fourth quarter of fiscal 2017 included a non-cash net gain in connection with the acquisition of a controlling interest in BAMTech LLC (5 million) and restructuring and impairment charges ( million).
MOTOR Magazine and Professional Tool & Equipment News.