MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

United Stationers 2Q Sales Increase 5%

United Stationers Inc. (NASDAQ: USTR), Deerfield, IL, reported sales for the second quarter were $1.22 billion, up 5.3 percent from second quarter 2009. Profit for the master distributor increased 27.4 percent to $27 million.

Second-quarter sales growth was driven primarily by growth in the technology (+8.6 percent) and office product (+5.6 percent) categories. Lower sales of flu-related products contributed to a 2.1 percent reduction in janitorial/breakroom supplies.

For the first six months, sales were $2.38 billion, up 4.1 percent from the same period a year ago. Profit increased 30.3 percent to $45.2 million.

"Our first-half performance gives us confidence that our sales initiatives will help drive growth and overcome lower flu-related product sales and the effects of continued uncertain economic conditions," said Richard W. Gochnauer, president and CEO. "Our focus remains on sales initiatives, cost management, working capital efficiency gains and cash generation to maintain our strong financial position and flexibility, while enabling continued investment in growth strategies, opportunistic investment buys, and share repurchases."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center