United Stationers (USTR) Tops Q4 EPS by 4c; Plans Refocus, Corp. Streamlining

United Stationers (NASDAQ: USTR) reported Q4 EPS of $0.88, $0.04 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.29 billion.

Repositioning for Sustained Success

The company is taking decisive actions to reposition the business, provide enhanced customer service, and create sustained long-term success. In 2015 the company will:

• Invest an incremental $15.0 million to move to a common operating/IT platform that will simplify the customer experience and deliver operating cost savings.
• Record a charge of approximately $9.0 million related to workforce and facility consolidations. The company expects savings of $6.0 million in 2015 and $10.0 million annually, beginning in 2016.
• Record non-cash charges of approximately $12.0 million for the impairment of intangibles related to rebranding and $12.0 to $16.0 million related to listing a non-strategic business for sale.

For earnings history and earnings-related data on United Stationers (USTR) click here.

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