2ND Q. SLIP AT UNITED STATIONERS

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2ND Q. SLIP AT UNITED STATIONERS

 user 2005-08-11 at 10:29:00 am Views: 52
  • #12357

    Q2 earnings slip at
    United Stationers

    August
    2005
    – Des Plaines (IL): United Stationers has reported a small drop in its
    Q2 earnings due to an operating loss in the company’s Canada division and the
    settlement of lawsuits.

    Q2 net income fell to $20.9 million or EPS of
    $0.62 from $21 million or EPS of $0.62 a year earlier. Revenue increased to $1.1
    billion from $967 million in Q2 2004.

    The company settled two lawsuits
    filed by United Office Products totalling $2.3 million in Q2, adding to its
    operating expenses. United Stationer’s Canada division posted a $1.2 million
    operating loss before taxes.