United Stationers Inc. (NASDAQ:USTR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
United Stationers Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24.44% to $0.56 in the quarter versus EPS of $0.45 in the year-earlier quarter.
Revenue: Decreased 1.7% to $1.25 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Stationers Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.55. It missed the average revenue estimate of $1.31 billion.
Quoting Management: “We made progress on strategic initiatives, and delivered solid results in a difficult demand environment,” said Cody Phipps, president and chief executive officer. “First quarter demand conditions were impacted by corporate and government spending reductions, low inflation and continued weakness in the economy as real jobs growth and small business confidence remain soft. O.K.I. Supply was fully integrated into our industrial business during the quarter and we drove additional cost reduction programs in several of our other core businesses. Our financial results showed solid EPS growth and gross margin expansion despite flat top-line sales. We continued to build the capabilities needed to help our customers win in an increasingly digital and rapidly evolving marketplace.”
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