Essendant (ESND) Misses Q4 EPS by 5c
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February 16, 2016 4:15 PM EST
DEERFIELD, Ill., Feb. 16, 2016 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading supplier of workplace essentials, today announced an agreement to purchase from Staples, Inc. (NASDAQ: SPLS) contracts with minority and woman-owned office supply resellers and their large corporate and other enterprise customers representing sales of more than $550 million annually. The transaction is subject to the successful completion of the proposed merger of Staples and Office Depot, Inc., as well as other regulatory and customary closing conditions. Under the terms of the agreement, Essendant will pay Staples approximately... More
February 16, 2016 4:15 PM EST
DEERFIELD, Ill., Feb. 16, 2016 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading supplier of workplace essentials, today announced financial results for the fourth quarter and year ended December 31, 2015. Key results were as follows:
FY 2015 adjusted earnings per share of $3.08 (1)
Q4 2015 adjusted earnings per share increased three cents to $0.81(1) year-over-year
FY 2015 sales increased 0.7% year-over-year
Q4 2015 sales declined 2.7% year-over-year
FY 2015 GAAP net income (loss) declined to $(1.18) per share from $2.87 per share in 2014 due principally to goodwill impairments and restructuring actions
Restructuring charges and industrial asset...
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