United Stationers 2Q Sales Increase 5% - Modern Distribution Management

Log In

United Stationers 2Q Sales Increase 5%

CEO: Focus remains on sales initiatives, cost management, working capital efficiency gains and cash generation.
Author
Date

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.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

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.\”

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.