United Stationers sales up 3.6 percent
United Stationers reported that its second-quarter sales increased 3.6 percent to $1.32 billion compared to 2Q of last year.
Sales of industrial supplies increased 10.8 percent to $146.6 million. That includes results from the acquisition of CPO Commerce, an e-retailer of brand name power tools and equipment.
Janitorial and breakroom supplies increased 7.5 percent to $357.9 million from $332.9 million.
Net income was $33.3 million, or 85 cents per diluted share, compared with $34.7 million, or 86 cents, in the prior-year period.
Net sales in the first half of 2014 increased 1.9 percent to $2.6 billion, from $2.5 billion in the prior-year period. This was led by a 6.1 percent increase in industrial supplies and a 4.9 percent increase in janitorial and breakroom supplies. Net income for the first half of 2014 was $55.2 million, or $1.40 per diluted share, compared to $48.5 million in the first half of 2013.
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.
