U.S. Markets closed

Essendant reports 4Q loss

DEERFIELD, Ill. (AP) _ Essendant Inc. (ESND) on Monday reported a loss of $2.4 million in its fourth quarter.

On a per-share basis, the Deerfield, Illinois-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.

The workplace supplies distributor posted revenue of $1.25 billion in the period.

For the year, the company reported net income of $63.9 million, or $1.73 per share, swinging to a profit in the period. Revenue was reported as $5.37 billion.

Essendant shares have increased nearly 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.09, a decrease of 23 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