Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

OfficeMax Announces Q2 Results
Jul 20, 2004
 Printable format
 Email this Article
 Search

Business appliance retailer OfficeMax, a division of Boise Office Solutions, (Itasca, IL, U.S.) reported second quarter 2004 net income of U.S. $50.4 million, or $0.52 per diluted share, compared with a net loss of $3.9 million, or $0.12 per diluted share, in second quarter 2003. In first quarter 2004, Boise reported net income of $63.5 million, or $0.66 per diluted share.

Sales in second quarter 2004 increased 76 percent to $3.4 billion, compared with $1.9 billion in the second quarter of 2003. According to the company, year-over-year sales increased primarily because of the acquisition of OfficeMax in December 2003 but were also aided by strong product prices in Boise Building Solutions.

For second quarter 2004, Boise Office Solutions sales increased 122 percent to $2 billion, compared with $905 million in the same quarter of 2003. Sales for locations operating in both periods, including OfficeMax retail store locations on a pro forma basis, increased 2 percent. Total pro forma sales of office supplies and paper and technology products increased 1 percent, and sales of furniture were up 4 percent.

"We expect two of Boise's three businesses to show improved results in the third quarter," said George J. Harad, chairman and CEO. "Sales and income in our office products business typically strengthen significantly from second-quarter levels and should again this year."

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows