United reports record 2005 February 2006 – Des Plaines (IL): United Stationers has posted record sales and earnings for 2005. The
wholesaler said net sales for 2005 were $4.4 billion, up 10.5 per cent
from $4 billion a year earlier. Net income for 2005 was $97.5 million,
an increase of 8.4 per cent from $90 million in 2004. A 2005 EPS of
$2.90 was up 9.4 per cent compared to an EPS $2.65 in 2004. Looking
ahead, CEO Dick Gochnauer said: “We are looking forward to achieving a
strong financial performance in 2006. Sales to date are up
approximately 10 per cent over the same period last year. Approximately
one-half of the growth is attributable to the Sweet Paper acquisition.
Our long-term goals continue to be to achieve sales growth in the range
of 6 per cent to 9 per cent and annual EPS increases of 12 per cent to
15 per cent over the prior year.