United Stationers sees net income decrease
February 13, 2009
DEERFIELD, IL — JanSan distributor United Stationers announced a decrease in net income, according to Reuters.
Fourth-quarter net income was $22.6 million, down from $28.3 million in the year-ago quarter, the story stated.
Quarterly revenues rose 2.3 percent to $1.1 billion, the story noted.
Cost reductions targeting labor-related and other expenses are expected to save an additional $10 million in 2009, the story added.
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