Jefferies Cuts Price Target on Essendant (ESND) to $18 Following EPS Miss
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Essendant Reports Third Quarter 2016 Results
October 26, 2016 4:05 PM EDTDEERFIELD, Ill., Oct. 26, 2016 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading supplier of workplace essentials, today announced financial results for the third quarter ended September 30, 2016. Key results for third quarter 2016 were as follows:
Continued revenue growth with net sales increase of 1.1% year-over-year, to $1.4 billion GAAP net income of $36.7 million compared to $27.7 million last year GAAP operating income of $60.3 million compared to $53.0 million last year GAAP diluted earnings per share of $0.99 compared to $0.74 per share last year Free cash flow totaled $144.2(1) million compared to $56.8... More
