Verso's Suppliers recorded an increase in sales by 20.66 % year on year in Q4 2021, sequentially sales grew by 10.11 %, Verso's cost of sales deteriorated by -22.94 % year on year, relative to one quarter ago cost of sales fell by -8.03 % in Q4.
Verso's Suppliers recorded an increase in sales by 20.66 % year on year in Q4 2021, sequentially sales grew by 10.11 %, Verso's cost of sales deteriorated by -22.94 % year on year, compare to one quarter ago cost of sales fell by -8.03 % in Q4.
Wood Fiber. We source our wood fiber from a broad group of timberland and sawmill
owners located in our regions. Our costs to purchase wood are affected directly
by market costs of wood in our regional markets and indirectly by the effect of
higher fuel costs on logging and transportation of timber to our facilities. While
we have in place fiber supply agreements that ensure a substantial portion of
our wood requirements, purchases under these agreements are typically at market
rates.
Chemicals. Chemicals utilized in the manufacturing of coated papers include latex,
clay, starch, calcium carbonate, caustic soda, sodium chlorate, and titanium dioxide.
We purchase these chemicals from a variety of suppliers and are not dependent
on any single supplier to satisfy our chemical needs. We expect imbalances in
supply and demand to periodically create volatility in prices for certain chemicals.
Energy. We produced approximately 53% of our energy needs for our paper mills
from sources such as waste wood, waste water, hydroelectric facilities, liquid
biomass from our pulping process, and internal energy cogeneration facilities.
Our external energy purchases vary across each of our mills and include fuel oil,
natural gas, coal, and electricity. Our overall energy expenditures are mitigated
by our internal energy production capacity and ability to switch between certain
energy sources. We also utilize derivative contracts as part of our risk management
strategy to manage our exposure to market fluctuations in energy prices.
Verso's Comment on Supply Chain
Wood Fiber. We source our wood fiber from a broad group of timberland and sawmill
owners located in our regions. Our costs to purchase wood are affected directly
by market costs of wood in our regional markets and indirectly by the effect of
higher fuel costs on logging and transportation of timber to our facilities. While
we have in place fiber supply agreements that ensure a substantial portion of
our wood requirements, purchases under these agreements are typically at market
rates.
Chemicals. Chemicals utilized in the manufacturing of coated papers include latex,
clay, starch, calcium carbonate, caustic soda, sodium chlorate, and titanium dioxide.
We purchase these chemicals from a variety of suppliers and are not dependent
on any single supplier to satisfy our chemical needs. We expect imbalances in
supply and demand to periodically create volatility in prices for certain chemicals.
Energy. We produced approximately 53% of our energy needs for our paper mills
from sources such as waste wood, waste water, hydroelectric facilities, liquid
biomass from our pulping process, and internal energy cogeneration facilities.
Our external energy purchases vary across each of our mills and include fuel oil,
natural gas, coal, and electricity. Our overall energy expenditures are mitigated
by our internal energy production capacity and ability to switch between certain
energy sources. We also utilize derivative contracts as part of our risk management
strategy to manage our exposure to market fluctuations in energy prices.
VRS's Suppliers Net Income grew by
VRS's Suppliers Net margin grew in Q4 to
22.12 %
22.28 %
VRS's Suppliers Net Income grew by 22.12 %
VRS's Suppliers Net margin grew in Q4 to 22.28 %
Verso's Suppliers Sales Growth
in Q4 2021 by Industry
Sources:
Verso Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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