United Stationers income rises
United Stationers announced that net income for the first quarter was $21.9 million, or 55 cents per share, compared with $13.9 million, or 34 cents, in 2013.
Sales increased 0.3 percent to $1.254 billion compared with $1.250 billion in 2013.
Sales in janitorial and breakroom supplies rose 2.3 percent to $332.7 million from $325.3 million.
Industrial supply sales increased 1.4 percent to $131.5 million from $129.7 million.
Traditional office products sales rose 1.6 percent to $325.2 million from $320.1 million in 2013.
Technology sales declined 3.0 percent to $353.5 million from $364.4 million.
Furniture sales decreased 3.8 percent to $74.8 million from $77.7 million in the prior year.
"Our team delivered solid overall performance despite difficult demand conditions, partly due to adverse weather early in the quarter. Sales accelerated as the quarter progressed. We continue to make strategic investments in our business and e-commerce capabilities, and we are positioned well with both manufacturers and resellers to execute our growth and diversification strategies," said Cody Phipps, United Stationers' president and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GME Supply. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Howard Coleman, as well as interviews with numerous product and distribution industry experts.
