Edition:
United States

Essendant Inc (ESND.OQ)

ESND.OQ on NASDAQ Stock Exchange Global Select Market

13.70USD
19 Jun 2018
Change (% chg)

-- (--)
Prev Close
$13.70
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
180,353
52-wk High
$15.28
52-wk Low
$7.20

Latest Key Developments (Source: Significant Developments)

Essendant Reports Q1 GAAP Loss Per Share Of $1.40
Wednesday, 25 Apr 2018 04:15pm EDT 

April 25 (Reuters) - Essendant Inc ::ESSENDANT REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.12.Q1 GAAP LOSS PER SHARE $1.40.Q1 SALES $1.2 BILLION.SEES FY 2018 SALES DOWN 3 PERCENT.CONFIDENT WILL DELIVER MORE THAN HALF OF OUR EXPECTED COST SAVINGS IN 2018.2018 ADJUSTED DILUTED EARNINGS PER SHARE IS EXPECTED TO INCREASE IN SECOND HALF OF 2018 COMPARED TO FIRST HALF.ESSENDANT - SEES FREE CASH FLOW GENERATED BY BUSINESS FOR 2018, INCORPORATING COSTS, BENEFITS OF RESTRUCTURING, TO BE IN EXCESS OF $40 MILLION FOR 2018.  Full Article

Essendant Q4 GAAP Loss Per Share $0.04
Wednesday, 21 Feb 2018 04:15pm EST 

Feb 21 (Reuters) - Essendant Inc ::ESSENDANT REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.11.Q4 GAAP LOSS PER SHARE $0.04.Q4 REVENUE FELL 4.5 PERCENT TO $1.2 BILLION.ESSENDANT - EXPECTS RESTRUCTURING PROGRAM AND OTHER INITIATIVES TO REDUCE COSTS BEGINNING IN 2018.ESSENDANT - EXPECTS RESTRUCTURING PROGRAM AND OTHER INITIATIVES TO REACH RUN-RATE ANNUAL SAVINGS OF OVER $50 MILLION BY 2020.ESSENDANT - RESTRUCTURING INCLUDES FACILITY CONSOLIDATIONS AND WORKFORCE REDUCTIONS WITH ESTIMATED CASH COST OF $30 MILLION - $40 MILLION.ESSENDANT - PRODUCT ASSORTMENT REFINEMENTS ARE ALSO PLANNED IN RESTRUCTURING TO ELIMINATE ITEMS WITH LIMITED AVAILABILITY & LOWER SALES.ESSENDANT - NON-CASH CHARGE OF ABOUT $42 MILLION - $48 MILLION RELATED TO REFINEMENTS IS EXPECTED IN Q1 2018.ESSENDANT - 2018 NET SALES ARE EXPECTED TO BE DOWN 3% TO 6% FROM PRIOR YEAR.ESSENDANT - Q1 ADJUSTED EARNINGS PER SHARE IS EXPECTED TO BE LOWER THAN Q4 2017.  Full Article

Essendant reports Q3 GAAP loss per share $2.23
Wednesday, 25 Oct 2017 04:30pm EDT 

Oct 25 (Reuters) - Essendant Inc :Essendant reports third quarter 2017 results.Q3 adjusted earnings per share $0.03.Q3 GAAP loss per share $2.23.Q3 revenue fell 5.5 percent to $1.3 billion.Essendant Inc - ‍full year 2017 net sales are expected to be down 6.0 pct to 7.5 pct from prior year​.Essendant Inc - ‍range of 2017 sales decline is expected to continue to affect Q4 adjusted diluted earnings per share​.  Full Article

Essendant names Richard Phillips chief executive officer
Wednesday, 25 Oct 2017 04:15pm EDT 

Oct 25 (Reuters) - Essendant Inc :Essendant names Richard D. Phillips president and chief executive officer.Essendant Inc - Phillips had been serving as interim president, CEO since June; also elected to co's board and board's executive committee​.Essendant Inc - ‍board has been expanded from nine to ten members with addition of Mr. Phillips​.  Full Article

Essendant Q2 GAAP earnings per share $0.14
Wednesday, 26 Jul 2017 04:25pm EDT 

July 26 (Reuters) - Essendant Inc :Essendant reports second quarter 2017 results.Q2 adjusted earnings per share $0.28.Q2 GAAP earnings per share $0.14.Q2 revenue fell 6.9 percent to $1.3 billion.Sees FY 2017 sales down 6 to 9 percent.Essendant Inc - free cash flow generation is expected to be in excess of $90 million for full year 2017.Essendant Inc - ‍expect range of 2017 sales decline to affect second half adjusted diluted earnings per share​.Essendant Inc - in light of first half sales results, we anticipate full year 2017 sales to decline 6% to 9% from 2016.FY2017 earnings per share view $1.36, revenue view $5.22 billion -- Thomson Reuters I/B/E/S.Essendant Inc - expect range of 2017 sales decline to affect second half adjusted diluted earnings per share.  Full Article

Essendant says CEO and President Robert Aiken Jr resigned
Tuesday, 13 Jun 2017 06:16am EDT 

June 13 (Reuters) - Essendant Inc :Says CEO and President Robert B. Aiken Jr resigned.Essendant Inc - board appointed richard d. Phillips as interim president and chief executive officer of companies.Essendant - aiken's resignation as director, board has reduced size of full board from 10 to 9 by eliminating class ii director position held by aiken.Essendant - board has formed search committee, retained an independent search firm to assist in process of selecting a permanent ceo.  Full Article

Essendant Q1 adjusted earnings per share $0.25
Wednesday, 26 Apr 2017 04:15pm EDT 

April 26 (Reuters) - Essendant Inc ::Essendant reports first quarter 2017 results.Q1 adjusted earnings per share $0.25.Q1 gaap loss per share $5.15.Q1 revenue fell 6.1 percent to $1.3 billion.2017 net sales are expected to be flat to down 4 pct.Says adjusted diluted earnings per share expected to improve sequentially throughout 2017.Janet Zelenka has been appointed chief financial officer, effective may 26, 2017.Zelenka will succeed Earl Shanks as cfo who will be retiring from company.Q1 earnings per share view $0.20, revenue view $1.32 billion -- Thomson Reuters I/B/E/S.  Full Article

Essendant Q4 adjusted loss per share $0.02
Monday, 27 Feb 2017 04:30pm EST 

Essendant Inc : Essendant reports fourth quarter and full year 2016 results . Q4 adjusted loss per share $0.02 . Q4 gaap loss per share $0.06 . Q4 earnings per share view $0.28 -- Thomson Reuters I/B/E/S . Essendant inc - qtrly revenue, workday adjusted, decreased 3.3% compared to q4 last year, to $1.3 billion . Essendant inc - q1 adjusted diluted earnings per share are expected to be similar to q4 2016 . Essendant inc - sees q1 net sales expected to be flat to down 4% . Essendant inc - sees q1 free cash flow generation expected to be in range of $50 million to $70 million . Essendant inc - expect to generate sequential improvement in adjusted diluted earnings per share throughout 2017 .Q1 earnings per share view $0.25, revenue view $1.34 billion -- Thomson Reuters I/B/E/S.  Full Article

Pzena Investment Management reports 6.26 percent passive stake in Essendant Inc as of December 31, 2016
Friday, 3 Feb 2017 02:29pm EST 

Pzena Investment Management :Pzena Investment Management, reports 6.26 percent passive stake in Essendant Inc as of December 31, 2016 - SEC filing.  Full Article

Essendant reports Q3 adjusted earnings per share $0.57
Wednesday, 26 Oct 2016 04:05pm EDT 

Essendant Inc : Essendant inc sees full year adjusted diluted eps guidance is reduced to $1.75 to $1.90 per share . Essendant reports third quarter 2016 results . Q3 adjusted earnings per share $0.57 . Q3 gaap earnings per share $0.99 . Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Essendant inc sees full year net sales in range of $5.325 billion to $5.375 billion .Fy2016 earnings per share view $2.24, revenue view $5.43 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Essendant Adopts Stockholder Rights Plan

* ESSENDANT INC - RIGHTS PLAN IS STRUCTURED SUCH THAT IT WILL NOT BE TRIGGERED BY DEFINITIVE MERGER AGREEMENT TO COMBINE CO AND S.P. RICHARDS