Posted July 30, 2010
United Stationers Q2 sales up 5.3 percent
United Stationers reported second quarter sales increased 5.3% to $1.22 billion, compared with $1.16 billion in the prior-year quarter.
Adjusted net income in the quarter was up 19% to $25.3 million versus $21.2 million in the prior-year quarter. Sales of industrial supplies showed significant growth in the quarter of 27.9% versus the prior-year quarter.
"Successful execution of our growth strategies, together with modestly improving economic conditions, drove our positive second quarter sales performance," said Richard W. Gochnauer, president and chief executive officer. "Disciplined cost management, coupled with higher supplier allowances, delivered stronger operating margins. We continued to make investments in key initiatives to position us for future growth, and enhanced shareholder value through share repurchases in the quarter."
