*NEWS*UNITED STATIONERS 3RD Q PROFIT DOWN

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*NEWS*UNITED STATIONERS 3RD Q PROFIT DOWN

 user 2005-11-04 at 10:23:00 am Views: 84
  • #14505

    United Stationers Q3 profit down
    NOV
    2005 – Des Plaines (IL): United Stationers has reported a slip in Q3
    profit due to the effects of Hurricane Katrina, higher fuel prices and
    IT costs.
    Net income fell to $26.1 million, or EPS of $0.77, from
    $26.3 million, or EPS of $0.78, the year before. Sales were up 13 per
    cent to $1.2 billion, compared to $1 billion a year earlier.
    The
    company said it incurred $3.1 million in costs due to Hurricane
    Katrina, and was hit by charges and expenses totalling $3.9 million
    from IT investment and the opening of a New Jersey distribution centre.
    Higher fuel prices hurt net income by approximately $1 million.