Essendant (ESND) Misses Q2 EPS by 9c, Offers Outlook

Essendant (NASDAQ: ESND) reported Q2 EPS of $0.28, $0.09 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.31 billion.

Outlook for 2017

• In light of the first half sales results, we anticipate full year 2017 sales to decline 6% to 9% from 2016
• Similar to our experience in the first half of 2017, we expect the range of 2017 sales decline to affect our second half adjusted diluted earnings per share(1).
• Based on strong cash flow generation in the first half of 2017, free cash flow(1) generation is expected to be in excess of $90 million for the full year 2017

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

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