United Stationers sales boosted by jan/san and online
| 24 July, 2014
US wholesaler United Stationers increased its sales by 3.6 percent to $1.32 billion, compared to $1.27 billion in the prior-year quarter.
"Solid second quarter sales gains in our industrial, online, and janitorial/breakroom businesses drove our performance and demonstrate our continued progress as we implement our strategy to expand in these areas," said Cody Phipps, president and chief executive officer. "We accelerated our investments, primarily in our industrial and online businesses, to more rapidly expand key capabilities and gain market share resulting in earnings per share being slightly below last year's record second quarter level. We believe these prudent investments will expedite our diversification strategy, and position the company to achieve sustained sales growth, margin performance and value creation over the long term."
Janitorial and breakroom supplies increased 7.5 percent to $357.9 million from $332.9 million. Traditional office products sales increased 2.1 percent to $330.7 million from $323.9 million in the prior-year quarter. Furniture sales increased 2.2 percent to $78.4 million from $76.7 million in the prior-year quarter. Technology sales declined 1.9 percent to $367.3 million from $374.3 million, as the category continued to experience soft demand combined with some lower margin transactional business.