Sales up at GBC

 

28 July 2005 – Northbrook (IL): General Binding Corporation (GBC) has recorded an increase of 7.2 per cent in Q2 sales to $186.9 million, from $174.4 million last year.

 

Net income was $1.6 million, or EPS of $0.09 compared to an EPS of $0.15 a year earlier.

 

President/CEO Dennis Martin said: "We had a strong quarter across the board. Sales momentum continued and I am particularly pleased that all three of our segments reported sales increases over last year’s comparable quarter."

 

GBC’s pending merger with Acco means this quarter’s results will most likely be the last from GBC as an independent company.