February 27, 2017 7:50 PM ET

Internet and Direct Marketing Retail

Company Overview of Cornerstone Consolidated Services Group Inc.

Company Overview

Cornerstone Consolidated Services Group offers distribution services for catalog retail companies. Its clients include Frontgate, Smith+Noble, The Territory Ahead, Garnett Hill, and Ballard Designs. The company was founded in 1999 and is headquartered in West Chester, Ohio. Cornerstone Consolidated Services Group Inc. operates as a subsidiary of HSN, Inc.

5568 West Chester Road

West Chester, OH 45069

United States

Founded in 1999

Phone:

513-603-1100

Fax:

513-603-1124

Key Executives for Cornerstone Consolidated Services Group Inc.

Chief Executive Officer and President
Compensation as of Fiscal Year 2016.

Cornerstone Consolidated Services Group Inc. Key Developments

Cornerstone Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Announces Asset Impairment for the Third Quarter Ended September 30, 2015

Cornerstone announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of $274.3 million against $259.2 million a year ago. Operating income was $1.6 million against $9.8 million a year ago. Adjusted EBITDA was $11.0 million against $14.3 million a year ago. Net sales increased 6%, principally driven by sales growth in the home brands and Garnet Hill. Adjusted EBITDA decreased $3.2 million, primarily due to lower gross profit margin rates and higher selling and marketing expenses.  For the nine months, the company reported net sales of $829.0 million against $790.8 million a year ago. Operating income was $20.9 million against $18.4 million a year ago. Adjusted EBITDA was $39.8 million against $34.3 million a year ago. The company announced asset impairment for the third quarter ended September 30, 2015. For the quarter, the company reported asset impairment of $5,000,000.

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