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Essendant reports 4Q loss

DEERFIELD, Ill. (AP) _ Essendant Inc. (ESND) on Wednesday reported a loss of $1.5 million in its fourth quarter.

On a per-share basis, the Deerfield, Illinois-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to 11 cents per share.

The workplace supplies distributor posted revenue of $1.2 billion in the period.

For the year, the company reported a loss of $267 million, or $7.27 per share, swinging to a loss in the period. Revenue was reported as $5.04 billion.

Essendant shares have declined 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.07, a drop of 63 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