Essendant (ESND) Tops Q1 EPS by 5c, Names New CFO
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Essendant Reports First Quarter 2017 Results
April 26, 2017 4:15 PM EDTDEERFIELD, Ill., April 26, 2017 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading national wholesale distributor of workplace items, today announced financial results for the first quarter ended March 31, 2017. Key results for first quarter 2017 were as follows:
First Quarter 2017 Summary
Revenue declined 6.1% or $(82.9) million, year-over-year to $1.3 billion The Company recognized a goodwill impairment charge of $(192.3) million, after-tax, in the quarter as a result of market capitalization declines compared to book value GAAP diluted loss per share in the quarter of $(5.15) decreased compared to... More