United Stationers Inc. Appoints That Paul S. Williams to the Board of Directors
Oct 31 14
United Stationers Inc. announced that Paul S. Williams joined its board of directors on October 27, 2014. His election to the board brings the total number of members to nine, eight of whom are independent directors. Mr. Williams (55) has been a partner at Major, Lindsey & Africa, LLC, a legal executive search firm, since 2005.
United Stationers Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capex Guidance for the Year 2014
Oct 23 14
United Stationers Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net sales were $1,419,947,000 against $1,336,676,000 a year ago. Operating income was $64,468,000 against $67,396,000 a year ago. Income before income taxes was $60,476,000 against $64,662,000 a year ago. Net income was $38,169,000 or $0.98 diluted per share against $40,501,000 or $1.01 diluted per share a year ago.
For the nine months, the company's net sales were $3,994,123,000 against $3,861,655,000 a year ago. Operating income was $159,976,000 against $151,564,000 a year ago. Income before income taxes was $148,777,000 against $142,861,000 a year ago. Net income was $93,357,000 or $2.38 diluted per share against $89,045,000 or $2.21 diluted per share a year ago. Net cash provided by operating activities was $93,666,000 against $79,441,000 a year ago. Capital expenditures were $15,431,000 against $22,822,000 a year ago. Adjusted operating income was $159,976,000 against $165,996,000 a year ago. Adjusted net income was $93,357,000 or $2.38 diluted per share against $97,993,000 or $2.43 diluted per share a year ago.
For the year 2014, the company anticipates CapEx will be approximately $20 million to $25 million.
United Stationers Mulls Acquisitions
Oct 23 14
United Stationers Inc. (NasdaqGS:USTR) intends to pursue acquisitions. "We will continue our disciplined approach to diversification and to expanding our capabilities through acquisitions in the coming quarters," Cody Phipps, President and Chief Executive Officer of United Stationers.
United Stationers Board Declares Regular Dividend Payable on January 15, 2015
Sep 17 14
United Stationers Inc. announced that its board of directors declared a $0.14 per share dividend payable on January 15, 2015 to stockholders of record at the close of business on December 15, 2014.