Billerud Americas Corp (VRS) [Rocket]

In millions, except per share items	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20	Sep-30-20	Jun-30-20	Mar-31-20
	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Net sales	1,278.0	1,264.0	1,231.0	1,170.0	1,359.0	1,632.0	1,942.0	2,276.0
Net sales growth	-6.0%	-22.5%	-36.6%	-48.6%	-44.4%	-36.1%	-26.4%	-15.1%
Costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)	1,062.0	1,137.0	1,172.0	1,171.0	1,334.0	1,520.0	1,747.0	2,016.0
Depreciation and amortization	154.0	224.0	227.0	232.0	153.0	92.0	96.0	178.0
Selling, general and administrative expenses	76.0	69.0	69.0	65.0	77.0	90.0	94.0	107.0
Restructuring charges	23.0		23.0	17.0	12.0	12.0		58.0
Other operating (income) expense	-8.0	-10.0	0.0	-2.0	-89.0	-82.0	-85.0	-85.0
Operating income (loss)	-29.0	-181.0	-260.0	-313.0	-128.0	0.0	72.0	2.0
Operating margin	100.0%	100.0%	100.0%	100.0%	100.0%		100.0%	100.0%
Interest expense	-2.0			-2.0		-1.0
Other (income) expense	-25.0	-24.0	-23.0	-21.0	-19.0	-29.0	-25.0	-21.0
Income (loss) before income taxes	80.0	-72.0			-153.0	-61.0
Income tax expense (benefit)	-3.0	-52.0	-44.0	-49.0	-9.0	-77.0	-69.0	-66.0
Net income (loss)	-3.0	-106.0	-195.0	-245.0	-101.0	105.0	166.0	88.0

Income (loss) per common share:
Basic (usd per share)	$0.18	($2.88)	($5.78)	($7.24)	($3.00)	$2.98	$4.76	$2.52
Diluted (usd per share)	$0.16	($2.90)	($5.78)	($7.24)	($3.01)	$2.94	$4.71	$2.47

Weighted average common shares outstanding (in thousands):
Basic (in shares)	31.3	32.2	33.3	33.9	34.4	34.5	34.7	34.8
Diluted (in shares)	31.5	32.3	33.3	33.9	34.5	34.7	35.1	35.1