Essendant (ESND) Misses Q1 EPS by 1c, Affirms FY Guidance

Essendant (NASDAQ: ESND) reported Q1 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.31 billion.

Guidance

The company reaffirms its previously announced 2016 outlook, and currently expects the following:

• +1% to +5% revenue growth compared to 2015, or total company revenue in the range of $5.4 billion to $5.6 billion;
• +4% to +10% adjusted earnings per share growth compared to prior year, or adjusted EPS in the range of $3.20 to $3.40;
• Annual free cash flow equal to or greater than net income.

For earnings history and earnings-related data on Essendant (ESND) click here.

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