Essendant (ESND) Misses Q1 EPS by 1c, Affirms FY Guidance
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Essendant Reports First Quarter 2016 Profit
April 20, 2016 4:16 PM EDTDEERFIELD, Ill., April 20, 2016 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading supplier of workplace essentials, today announced financial results for the first quarter ended March 31, 2016. Key results for 1Q 2016 were as follows:
Positive revenue momentum with net sales increase of $19.9 million year-over-year to $1.35 billion Completed common platform facility conversion for core Office Product and JanSan categories Adjusted EBITDA of $46.1 million(1) compared to $46.6 million last year Adjusted earnings per share of $0.45(1) compared to $0.46 last year GAAP net income of $16.5 million compared... More