KeyBanc Downgrades Essendant (ESND) to Sector Weight
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Essendant Reports Second Quarter 2016 Results
July 20, 2016 6:33 PM EDTDEERFIELD, Ill., July 20, 2016 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading supplier of workplace essentials, today announced financial results for the second quarter ended June 30, 2016. Key results for Q2 2016 were as follows:
Continued revenue growth with net sales increase of 0.9% year-over-year, to $1.35 billion GAAP net income of $12.9 million compared to $29.8 million last year GAAP operating income of $26.5 million compared to $53.2 million last year GAAP earnings per share of $0.35 compared to $0.78 per share last year Adjusted EBITDA of $50.9 million(1) compared to $65.8 million last year... More