United Stationers sales flat
United Stationers reported sales of $1.3 billion for the second quarter were flat to the prior year quarter.
Strong growth was seen in the industrial supplies category with sales up 31.5%, which benefited from the acquisition of OKI Supply in the fourth quarter of 2012. Janitorial/breakroom sales for the second quarter grew 2.6%. Sales for office products, technology, and furniture categories were down 4.0%, 6.3% and 5.0%, respectively reflecting a soft demand environment.
Net income for the quarter was $34.7 million, or 86 cents per share, compared to $27 million, or 66 cents, in the same period last year.
Sales in the first half of 2013 were $2.5 billion, flat compared with the prior-year period. This was led by a 33.5% increase in industrial supplies and a 2.8% increase in janitorial/breakroom after adjusting for workdays. Office products were down by 5.2%, furniture sales were down 4.1% and technology sales declined 6.1%.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
