United Stationers Inc., Deerfield, IL, reported sales of $1.12 billion for the first quarter of 2009, down 10% from first quarter 2008. Profit fell 36.6% to $13.5 million.
Continued weakness in the economy contributed to reduced sales in all product categories with the exception of janitorial/breakroom, which remained at last year's level. The company previously announced it would be eliminating 250 positions.
While we are encouraged by some recent trends, we expect markets to remain weak in the near term and are planning accordingly," said Richard W. Gochnauer, president and CEO. "On a more positive note, the economy has generated renewed interest among customers and suppliers around utilizing United's capabilities to reduce their supply chain costs and inventory investments."
United Stationers Inc. is a broad line wholesale distributor of business products, with a network of 67 distribution centers.