Financials

 

United Stationers has reported record Q2 net sales of $1.14 billion, up 2.7 percent from $1.11 billion a year earlier. The categories with positive quarterly growth were jan/san, traditional office products, and office furniture. Offsetting these category increases was a sales decline in the technology category. Net income fell by 42 percent to $24.1 million, or diluted EPS of $0.84, from $41.4 million (or diluted EPS of $1.29) last year. Net sales for the first half were $2.3 billion, up 3.3 percent from $2.2 billion in the same period last year. Deerfield (IL)

 

OfficeMax has reported Q2 net income of $27.4 million, or diluted EPS of $0.35, matching the figures reported for the same quarter a year earlier. Q2 sales were $2.13 billion, compared to $2.04 billion a year earlier. Contract segment sales increased by 4.4 percent to $1.2 billion, compared to Q2 2006, and segment operating income fell to $41 million from $44.4 million last year. Retail segment sales rose by 4.6 percent to $935.3 million, compared to 2006, and same-store sales increased by 1.6 percent. Operating income was up from $18.2 million in Q2 2006 to $24.7 million. Naperville (IL)

 

MeadWestvaco’s consumer and office products segment Q2 profit was up 41 percent to $24 million, compared to $17 million last year. Sales were up $267 million compared to $260 million in 2006. Q2 total net income was $32 million, or EPS of $0.17, compared to a loss of $7 million, or $0.04 per share, a year earlier. Sales were $1.71 billion, up nine percent from $1.57 billion last year and profit from the company’s primary business segments increased by 20 percent to $149 million, from $124 million in 2006. Richmond (VA)

 

Corporate Express has posted disappointing Q2 figures while reporting positive growth in Europe and Australia. Net sales for the world’s largest contract stationer rose 1.2 percent to €1.6 billion ($2.2 billion), from €1.58 billion in 2006. The North American OP segment reported a 1.1 percent decline in sales, while in Europe, net sales increased by 37.9 percent, at constant rates, to €301.8 million, compared to €219.7 million last year. Australian sales rose by 9.1 percent, at constant rates, to €207 million. Amsterdam (NL)

 

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