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Edited Transcript of ESND earnings conference call or presentation 28-Feb-17 1:30pm GMT

Thomson Reuters StreetEvents

Q4 2016 Essendant Inc Earnings Call

Deerfield Feb 28, 2017 (Thomson StreetEvents) -- Edited Transcript of Essendant Inc earnings conference call or presentation Tuesday, February 28, 2017 at 1:30:00pm GMT

TEXT version of Transcript

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Presentation

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Editor [1]

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.recapture sales and profitability in this channel.

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Unknown Speaker* [2]

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Operator: Yes, thank you. We will now begin the question and answer session. (Operator Instructions) and first question from Brad Thomas with KeyBanc Capital.

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Unknown Speaker* [3]

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Hi, good morning. This is Bob.

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Unknown Speaker* [4]

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Okay. Perfect. And then as we think about free cash flow for the year, the 50 to 70 million, could you maybe talk a little bit more about what kind of a benefit or source working capital -- sorry -- what sort of benefit source working capital may play in that.

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Unknown Speaker* [5]

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Okay. And if I could just ask one last more big picture question. You know, as I look at some of the disclosures and the 10-K about the customers -- top five customers, it looks like both buckets were down pretty substantially in 2016. Could you maybe talk about, you know, the opportunity to stabilize that going forward or if you feel like there's risk that, you know, that performance may continue to deteriorate?

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Unknown Speaker* [6]

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Great. Thank you, Bob, thank you, Earl. Good luck.

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Unknown Speaker* [7]

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Thank you. And the next question from Dan Binder with Jeffries.

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Unknown Speaker* [8]

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I'll start and then Earl can fill in.

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Unknown Speaker* [9]

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Great.And if I could just ask one more question. What's the expectation -- or your expectations for the inventory decline due to the change in relationship with office depot? Thank you.inventory.

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Unknown Speaker* [10]

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Great, thank you, guys. Appreciate it.

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Unknown Speaker* [11]

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Great. Thanks for the time this morning.

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Unknown Speaker* [12]

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Thanks, Chris.

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Unknown Speaker* [13]

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Operator: Once again. (Operator Instructions) all right.Well, there's nothing more at the present time. I would like to return the call to management for any closing comments.

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Unknown Speaker* [14]

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Yeah, I would like to see this, Brad, I may have missed one piece in talking about the different channels.