Essendant (ESND) Misses Q1 EPS
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Essendant Reports First Quarter 2018 Results
April 25, 2018 4:15 PM EDTDEERFIELD, Ill., April 25, 2018 /PRNewswire/ --Â Essendant Inc. (NASDAQ: ESND), a leading national distributor of workplace items, today announced financial results for the first quarter ended March 31, 2018 as follows:
First Quarter 2018 Summary
Net sales declined 2.3% to $1.2 billion, compared to $1.3 billion in the prior year quarter. GAAP loss per share in the quarter was $(1.40) compared to $(5.15) in the prior year quarter. GAAP net loss was $(51.4) million in the quarter, including restructuring actions of $(44.0) million, after-tax. Adjusted diluted loss per share(1) in the quarter was $(0.12),... More