United Stationers Inc.

Office World News, Sep 1998

DES PLAINES, IL-United Stationers reported diluted earnings per share of $0.89 for the quarter ended June 30, 1998, up 39.1 percent, excluding after-tax charges of $14.2 million, compared with $0.64 for the prior-year quarter. Net sales for the quarter were $752.0 million, up 23.3 percent compared with net sales of $610 million last year.

Net income attributable to common stockholders, excluding charges, was $15.5 million for second quarter 1998, compared with $9.4 million for 1997. "Organic sales in the second quarter increased by 8.3 percent. This reflects particularly strong sales growth in the western and eastern regions. Our janitorial and sanitation products, and office furniture segments continued their double-digit growth in the quarter," said Dan Bushell, executive vice president and CFO.