Essendant sales up 1.5 percent
Essendant Inc. reported that first quarter sales increased by 1.5 percent to $1.35 billion, compared to $1.33 billion in the same period last year.
Net income of $16.5 million, or 45 cents per share, compared to a loss of $6 million last year, or a loss of 16 cents per share.
First quarter performance was driven primarily by the company's core Office Product and JanSan categories and the Automotive acquisition in 2015. Industrial remains challenged by the energy business and macro-economic environment. Within industrial, e-commerce, safety and national accounts showed sequential improvement in March.
Industrial sales, which includes ORS Nasco, decreased 6.2 percent to $139.8 million.