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Exhibit 99
Kathleen S. Dvorak
Sr. Vice President, Investor Relations
and Financial Administration
or
Eileen A. Kamerick
Executive Vice President
and Chief Financial Officer
United Stationers Inc.
(847) 699-5000
FOR IMMEDIATE RELEASE
UNITED STATIONERS COMMENTS ON
FOURTH-QUARTER SALES AND EARNINGS OUTLOOK
DES PLAINES, Ill., Dec. 12, 2000--United Stationers Inc. (Nasdaq: USTR)
announced today that its organic sales for the two months ended November 30,
2000 were slightly below its stated target of 6% to 9%.
"Although our rate of sales growth has slowed as we compare against strong
growth in the prior year, we remain confident that United Stationers will
achieve record sales and earnings for fiscal 2000," said Randy Larrimore,
president and chief executive officer. "However, as a result of slowing top-line
growth, earnings per share for fiscal 2000 will be in the range of $2.84 to
$2.86."
"We are pleased that our forecasted fiscal 2000 earnings per share growth
of approximately 20% will exceed our stated target of 15% growth. This is
particularly noteworthy given our significant investments in building our
third-party fulfillment and logistics business," concluded Larrimore.
Notwithstanding this press release, the company continues to adhere to the
policy of not providing periodic financial updates and not commenting on
financial analysts' estimates.
WITH THE EXCEPTION OF STATEMENTS ON HISTORICAL EVENTS, THE INFORMATION
PRESENTED IN THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THESE
STATEMENTS INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THE INFORMATION PRESENTED HERE. THE RISKS AND
UNCERTAINTIES AFFECTING THIS RELEASE INCLUDE, BUT ARE NOT LIMITED TO, ASSESSING
THE MARKET POTENTIAL FOR THIRD-PARTY SERVICE PROVIDERS, THE SUCCESS OF The Order
People AND E-NITED, THE INTEGRATION OF ACQUISITIONS, CHANGES IN END-USERS'
DEMANDS FOR BUSINESS PRODUCTS, CUSTOMER CREDIT RISK, THE EFFECTS OF FLUCTUATIONS
IN MANUFACTURERS' PRICING, GENERAL ECONOMIC CONDITIONS, AND THE HIGHLY
COMPETITIVE ENVIRONMENT IN WHICH THE COMPANY OPERATES. A DESCRIPTION OF THESE
AND OTHER FACTORS THAT COULD AFFECT THE COMPANY'S BUSINESS ARE SET FORTH IN
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION INCLUDING THE COMPANY'S
LATEST 10-K AND 10-Q. THE COMPANY'S SEC FILINGS ARE READILY AVAILABLE AT
WWW.SEC.GOV.
United Stationers Inc., with trailing 12-month sales of $3.8 billion, is
North America's largest distributor of business products to resellers. Its
integrated computer-based distribution system makes more than 35,000 items
available to 20,000 resellers. United is able to ship products within 24 hours
of order placement because of its 39 United Stationers Supply Co. regional
distribution centers, 21 Lagasse distribution centers that serve the janitorial
and sanitation industry, six Azerty distribution centers that serve computer
supply resellers, three distribution centers that serve the Canadian marketplace
and a dedicated distribution center that will service clients of THE ORDER
PEOPLE. Its focus on fulfillment excellence has given the company a 98+ percent
order fill rate, a 99.5 percent order accuracy rate, and a 99 percent on-time
delivery rate. For more information, visit WWW.UNITEDSTATIONERS.COM.
The company's common stock trades on the Nasdaq National Market System
under the symbol USTR and is included in the S&P SmallCap 600 Index.
