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Essendant reports 1Q loss

DEERFIELD, Ill. (AP) _ Essendant Inc. (ESND) on Wednesday reported a first-quarter loss of $188.6 million, after reporting a profit in the same period a year earlier.

The Deerfield, Illinois-based company said it had a loss of $5.15 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 25 cents per share.

The workplace supplies distributor posted revenue of $1.27 billion in the period.

Essendant shares have fallen 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.35, a decline of 52 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESND at https://www.zacks.com/ap/ESND


Keywords: Essendant, Earnings Report