United Stationers sales up 1.5%
United Stationers reported second quarter net sales increased 1.5% to $1.28 billion compared with $1.26 billion in the prior-year quarter.
Net income was $27.0 million, or 66 cents per share, compared with $24.8 million, or 54 cents per share, in the prior-year quarter.
The industrial supplies category, which includes ORS Nasco, showed especially strong growth with a 13.2% sales increase, while janitorial/breakroom sales grew 5.8%.
“Our growth categories and channels continued to deliver strong performance and we are making progress on our efficiency initiatives,” said Cody Phipps, president and chief executive officer. “Our industrial and janitorial/breakroom areas showed solid growth and we are pleased with our progress in the e-retail and public sector channels. The office products environment is still challenging, but we continue to pursue opportunities here to drive specific category growth initiatives.”
Sales in the first half of 2012 were $2.55 billion, up 2.1% compared with the prior-year period.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
