Essendant Sales Down 6.9% in 2Q - Modern Distribution Management

Essendant Sales Down 6.9% in 2Q

Industrial sales increase 1.7 percent during the quarter.

Essendant Inc. (NASDAQ: ESND), Deerfield, IL, reported sales for the second quarter of $1.3 billion, down 6.9 percent year-over-year. Profit fell 60.6 percent to $5.1 million.

For the quarter, industrial sales increased 1.7 percent to $145.6 million; technology products sales decreased 12.4 percent to $300.2 million; jan-san sales decreased 8.6 percent to $339.4 million; traditional office products sales decreased 10.5 percent to $181.3 million; cut-sheet paper products sales increased 4.7 percent to $106.3 million; office furniture sales decreased 9 percent to $67.9 million; and automotive products sales increased 2 percent to $82.1 million.

"We made good progress advancing our merchandising and pricing initiatives, and our industrial products category delivered growth for the second quarter in a row. However, this was offset by top line pressure that is reflective of persistent industry challenges," said Ric Phillips, interim president and CEO. He replaced Bill Aiken, who resigned in June.

Year-to-date, sales decreased 6.5 percent to $2.5 billion. The company reported a loss of 183.5 million, down from a profit of $29.5 million the same period a year ago.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!