united stationers inc (USTR) Key Developments
United Stationers Elects Robert B. Aiken Jr. to Board of Directors
Feb 18 15
United Stationers Inc. announced that Robert B. Aiken Jr. has rejoined its board of directors and will serve on the executive and finance committees. His election to the board brings the total number of members to ten, with nine of those being independent directors. Mr. Aiken, 52, previously served on the company's board of directors from December 2010 to May 2014. He stepped down from the board last year due to the demands of his position as the chief executive officer of Feeding America. Prior to this role, Mr. Aiken was CEO of the food company portfolio at Bolder Capital. Mr. Aiken currently serves on the board of directors of Red Robin Gourmet Burgers Inc.
United Stationers Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 17 15
United Stationers Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Fourth quarter 2014 sales increased 8.9%, driven by solid organic growth and by the acquisitions of MEDCO and CPO in 2014. Operating income was $50.241 million against $57.586 million a year ago. Income before income taxes was $45.706 million against $54.649 million a year ago. Net income was $25.841 million or $0.67 diluted per share against $34.125 million or $0.85 diluted per share a year ago. Adjusted operating income was $58.475 million against $57.510 million a year ago. Adjusted net income was $34.075 million or $0.88 diluted per share against $34.527 million or $0.86 diluted per share a year ago.
For the year, sales increased 4.8% and gross margin declined to 15.2% compared with 15.5% in 2013, driven primarily by a shift in customer and product mix and higher freight costs. Operating income was $210.217 million against $209.150 million a year ago. Income before income taxes was $194.483 million against $197.510 million a year ago. Net income was $119.198 million or $3.05 diluted per share against $123.170 million or $3.06 diluted per share a year ago. Adjusted operating income was $218.451 million against $223.308 million a year ago. Adjusted net income was $127.432 million or $3.26 diluted per share against $132.397 million or $3.29 diluted per share a year ago. Net cash provided by operating activities was $77.133 million against $74.737 million a year ago. Capital expenditures were $24.994 million against $33.789 million a year ago.
United Stationers Seeks Acquisitions
Feb 17 15
United Stationers Inc. (NasdaqGS:USTR) is looking for acquisition opportunities. "We will continue to be focused on acquisitions in the year that makes sense for us. It's a bit of an investment year for us, but we feel like we can still return consistent value for the shareholders," said Todd Shelton, Senior Vice President and Chief Financial Officer of United Stationers.
United Stationers Inc. Declares Dividend, Payable on April 15, 2015
Feb 12 15
United Stationers Inc. announced that on February 11, 2015 its board of directors declared a $0.14 per share dividend payable on April 15, 2015 to stockholders of record at the close of business on March 13, 2015.
United Stationers Inc. to Report Q4, 2014 Results on Feb 16, 2015
Jan 7 15
United Stationers Inc. announced that they will report Q4, 2014 results at 4:15 PM, Eastern Standard Time on Feb 16, 2015