Verso Paper predicts Q4 operating loss between US$33M-US$38M influenced by about US$52M in impairment charges relating to paper machine shutdowns, goodwill impairment
January 17, 2012
– Verso Paper Corp. (NYSE: VRS) today announced preliminary results for the fourth quarter and the year ended December 31, 2011. Verso estimates the following results:
Verso intends to release its financial results for the fourth quarter and the year ended December 31, 2011, in a news release to be issued before the market opens on Wednesday, March 7, 2012. Management will host a conference call at 9 a.m. (Eastern Time) on Wednesday, March 7, 2012, to discuss the fourth quarter and year-end results. Analysts and investors may participate in the live conference call by dialing 719-325-4795 or, within the U.S. and Canada only, 877-591-4959, access code 5749765. To register, please dial in 10 minutes before the conference call begins. The conference call and presentation materials will be made available on Verso’s website at www.versopaper.com/investorrelations by navigating to the Events page, or athttp://investor.versopaper.com/eventdetail.cfm?EventID=108162. The earnings release and Verso’s annual report on Form 10-K for the year ended December 31, 2011, will be made available on Verso's website at www.versopaper.com/investorrelations by navigating to the Financial Information page. A telephonic replay of the conference will be accessible at 719-457-0820 or, within the U.S. and Canada only, 888-203-1112, access code 5749765. This replay will be available starting on March 7, 2012, at 12:00 p.m. (Eastern Time) and will remain available for 14 days.
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