United Stationers, Inc. (USTR) Reports In-Line Q2 EPS

United Stationers, Inc. (NASDAQ: USTR) reported Q2 EPS of $0.85, in-line with the analyst estimate of $0.85. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.28 billion.

"Solid second quarter sales gains in our industrial, online, and janitorial/breakroom businesses drove our performance and demonstrate our continued progress as we implement our strategy to expand in these areas," said Cody Phipps, president and chief executive officer. "We accelerated our investments, primarily in our industrial and online businesses, to more rapidly expand key capabilities and gain market share resulting in earnings per share being slightly below last year's record second quarter level. We believe these prudent investments will expedite our diversification strategy, and position the company to achieve sustained sales growth, margin performance and value creation over the long term."

Outlook

"We are making significant progress as we continue to transform our business," commented Phipps. "We remain focused on implementing our previously announced plans to drive operating and customer efficiencies by creating an integrated operating platform across our businesses. In addition, we will continue to build on our first half progress by investing in our online and industrial businesses during the second half of the year to position the company for sustained growth and profitability."

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

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