United Stationers Third-Quarter Sales Flat - Modern Distribution Management

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United Stationers Third-Quarter Sales Flat

Growth in industrial supplies and janitorial/breakroom categories offset by declines in technology and furniture.

United Stationers Inc. (NASDAQ: USTR), Deerfield, IL, reported third-quarter sales of $1.3 billion, flat compared with the prior-year quarter on a same-day basis. Profit grew 2.8 percent to $36.8 million.

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Sales growth in the industrial supplies and janitorial/breakroom categories were 7 percent and 2.3 percent, respectively, from last year. Office products had 1.3 percent growth while technology and furniture category sales were down 4.5 percent and 2.9 percent, respectively, versus the prior year.

For the first nine months of 2012, sales were $3.8 billion, up 1.4 percent on a same-day sales basis. Profit declined 2.7 percent to $78.9 million.

Nine-month sales growth was due to growth in industrial supplies and janitorial/breakroom of 13.4 percent and 6.5 percent, respectively. Office products were near 1 percent growth while technology declined 4.5 percent and furniture declined 0.7 percent.

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