The 2020 Mid-Year Economic Update_long

United Stationers Sales Up 3.6% in 2Q

Sales for the first half up slightly over 2013.

United Stationers Inc. (NASDAQ: USTR), Deerfield, IL, reported sales for the second quarter of $1.3 billion, up 3.6 percent over the same period a year ago. Profit decreased 3.8 percent to $33.3 million, compared to the company’s 2013 28 percent profit increase.

Sales of industrial supplies increased 10.8 percent to $146.6 million from $132.3 million. 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 the prior-year quarter. Furniture sales increased 2.2 percent to $78.4 million from the prior-year quarter.

Technology sales declined 1.9 percent to $367.3 million, as the category continued to experience soft demand combined with some lower margin transactional business.

For the first six months, sales were $2.6 billion, up slightly from the same period in 2013. Profit grew 17 percent to $55.2 million.

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