Financial Reports: United Stationers, Wayside, Zones

Bottom Line Takes a Tumble at United Stationers
Third-quarter sales for Des Plaines, IL-based office supplies merchant United Stationers rose 1.5%, to $1.19 billion, from $1.17 billion for the three-month period ended Sept. 30. Growth in the janitorial and break room, office products, and office furniture categories was partially offset by lower technology sales, company officials said. But net income dropped nearly 30%, to $27.5 million, compared with $39.2 million for the same period last year.

3Q Sales “Way” Down at Wayside
Third-quarter sales at computer reseller Wayside Technology Group, formerly known as Programmer’s Paradise, sunk 14%, to $41.8 million, compared to $48.7 million for the same period last year. For the period ended Sept. 30, net income fell 4.3%, to $822,000, compared to $859,000.

Total sales for the Programmer’s Paradise segment — a reseller for software developers — fell 36%, to $11.0 million from $17.2 million. Sales in the Lifeboat segment — the company’s international wholesale division, which focuses on building partnerships with software publishing companies — slipped 2%, to $30.8 million, compared to $31.5 million in the third quarter of 2006.

3Q sales, bottom line up at Zones
Third-quarter sales for computer reseller Zones rose 18%, to $163.0 million, up from $137.9 million for the same period last year. For the period ended Sept. 30, third-quarter profits increased 24%, to $2.6 million, up from $2.1 million for the same period in 2006.

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