Essendant sales fall 3.3 percent in fourth quarter
Essendant reported net sales of $1.25 billion for the fourth quarter, down 3.3 percent from $1.3 billion in the same period last year.
Sales in the industrial supplies category, which includes ORS Nasco, decreased by 2.6 percent to $138.4 million.
The company had a loss of $2.4 million for the quarter, or a loss of 6 cents per share, compared to a loss of $95.8 million, or $2.61 per share, in the same period last year.
Sales for the year were $5.37 billion, down 0.1 percent from $5.36 billion in 2015. For the year, net income of $63.9 million, or $1.73 per share, compared to a loss of $44.3 million, or a loss of $1.18 in the previous year.
For 2017, Essandant expects sales to be flat to down 4 percent.