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Essendant Revenue

Essendant revenue was $5.04 b in FY, 2017 which is a 6.2% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

1922
Essendant is a subsidiary of Staples

Essendant Revenue Breakdown

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Essendant revenue breakdown by business segment: 26.3% from Janitorial, foodservice and breakroom supplies (JanSan), 24.1% from Technology products, 14.8% from Traditional office products, 11.7% from Industrial supplies, 8.2% from Cut sheet paper, 6.4% from Automotive, 5.3% from Office furniture and 3.1% from Other

Essendant Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

4.8b5.0b5.1b5.1b5.3b5.4b5.4b5.0b

Revenue growth, %

5%1%0%(6%)

Cost of goods sold

4.1b4.3b4.3b4.3b4.5b4.5b4.6b4.3b

Gross profit

730.6m740.1m774.6m789.6m810.5m836.5m759.9m706.1m

Gross profit Margin, %

15%15%15%16%15%16%14%14%

General and administrative expense

675.9m629.8m664.3m

Operating expense total

520.8m541.8m573.7m8.1b642.3m949.4m

EBIT

209.8m198.3m200.9m209.2m210.2m29.8m117.5m(243.4m)

EBIT margin, %

4%4%4%4%4%1%2%(5%)

Interest expense

26.2m27.6m23.6m12.2m16.2m20.6m24.1m26.7m

Interest income

237.0k223.0k343.0k593.0k500.0k996.0k1.3m1.1m

Pre tax profit

183.0m172.9m177.6m197.5m194.5m10.2m94.7m(269.0m)

Income tax expense

70.2m63.9m65.8m74.3m75.3m54.5m30.8m(2.0m)

Net Income

112.8m109.0m111.8m123.2m119.2m(44.3m)63.9m(267.0m)

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.2b1.3b1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.3b1.3b1.4b1.4b1.4b1.4b1.3b1.3b1.3b1.2b2.5b1.3b

Cost of goods sold

1.0b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.2b1.1b1.1b1.2b1.2b1.2b1.2b1.1b1.1b1.1b1.1b2.2b1.1b

Gross profit

179.2m194.9m182.4m184.2m180.9m188.3m203.8m188.5m201.9m203.7m187.1m199.5m211.0m204.5m212.1m225.1m200.1m195.8m198.9m185.7m177.6m172.0m121.2m294.4m181.3m

Gross profit Margin, %

15%15%15%15%14%15%16%15%16%15%15%15%15%15%16%16%15%14%14%15%14%13%10%12%14%

General and administrative expense

174.0m

Operating expense total

128.9m129.3m142.4m136.4m149.3m137.9m140.1m163.3m143.0m177.9m

EBIT

50.3m65.5m40.0m47.8m31.6m50.3m63.6m25.2m58.9m67.4m38.2m57.3m64.5m6.1m53.9m53.0m32.4m26.5m60.3m(186.2m)15.9m(82.9m)(58.4m)(49.8m)3.4m

EBIT margin, %

4%5%3%4%2%4%5%2%5%5%3%4%5%0%4%4%2%2%4%(15%)1%(6%)(5%)(2%)0%

Interest expense

6.5m6.6m7.2m7.1m4.7m3.1m2.9m2.7m3.4m3.8m4.0m4.8m4.8m5.3m5.9m5.7m6.5m6.7m6.3m6.1m

Pre tax profit

43.9m58.9m33.3m41.1m24.4m43.3m58.9m22.1m56.1m64.7m34.9m53.4m60.5m1.2m49.1m47.7m26.5m20.8m53.8m(192.9m)9.6m(89.0m)(66.7m)(66.9m)(5.3m)

Income tax expense

16.9m22.4m12.8m16.3m9.3m16.2m22.2m8.3m21.4m24.2m13.0m20.1m22.3m5.2m18.9m20.0m10.0m7.8m17.1m(4.3m)4.5m(7.1m)(15.2m)(15.4m)(828.0k)

Net Income

27.0m36.5m20.4m24.8m15.1m27.0m36.8m13.9m34.7m40.5m21.9m33.3m38.2m(4.0m)30.3m27.7m16.5m12.9m36.7m(188.6m)5.1m(81.9m)(51.4m)(51.5m)(4.5m)

Essendant Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

21.3m11.8m30.9m22.3m20.8m30.0m21.3m28.8m

Accounts Receivable

628.1m659.2m658.8m678.2m619.2m

Prepaid Expenses

31.9m48.1m30.1m

Inventories

684.1m741.5m767.2m830.3m926.8m922.2m876.8m821.7m

Current Assets

1.4b1.5b1.5b1.5b1.7b1.7b1.6b1.5b

PP&E

132.8m

Goodwill

328.6m328.1m357.2m356.8m398.0m299.4m297.9m13.2m

Total Assets

1.9b2.0b2.1b2.1b2.4b2.3b2.2b1.8b

Accounts Payable

421.6m499.3m495.3m476.1m485.2m531.9m484.6m500.9m

Short-term debt

6.8m135.0m136.2m28.0k6.1m

Current Liabilities

614.8m692.8m700.5m668.0m678.9m709.5m682.4m696.9m

Long-term debt

435.0m496.8m524.4m533.3m713.1m716.3m608.9m492.0m

Total Debt

441.8m631.8m660.6m533.3m713.1m716.3m609.0m498.1m

Total Liabilities

1.1b1.3b1.3b1.4b1.3b

Common Stock

3.7m7.4m7.4m7.4m7.4m

Additional Paid-in Capital

400.9m409.2m404.2m412.0m412.3m410.9m409.8m413.0m

Retained Earnings

1.2b1.3b1.3b1.4b1.5b1.5b1.5b1.2b

Total Equity

759.6m704.7m738.1m825.5m723.7m781.1m494.9m

Debt to Equity Ratio

0.6 x1 x0.8 x1 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.5 x2.8 x2.8 x2.6 x3.1 x2.8 x3.6 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

13.4m38.6m39.5m18.8m10.5m11.2m14.6m21.1m20.5m21.1m30.1m27.0m31.5m24.8m23.6m29.9m28.0m35.4m25.7m22.6m22.6m23.9m29.1m31.0m31.8m31.3m

Accounts Receivable

648.1m669.5m699.2m642.0m655.0m669.0m632.2m662.2m668.0m

Prepaid Expenses

28.3m31.5m30.9m33.2m26.8m31.1m30.9m29.7m33.4m26.0m52.9m

Inventories

639.2m617.4m636.3m632.1m615.5m672.3m692.9m643.6m726.2m732.2m722.8m748.5m804.4m796.3m871.3m875.5m860.4m894.4m968.3m850.5m826.4m800.3m753.6m704.3m742.9m752.6m

Current Assets

1.3b1.3b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.5b1.5b1.5b1.6b1.6b1.6b1.7b1.7b1.8b1.7b1.6b1.5b1.5b1.4b1.5b1.5b

PP&E

136.0m138.9m135.5m133.1m133.6m130.2m129.7m132.5m133.4m126.3m124.7m127.1m130.3m129.3m129.9m129.0m

Goodwill

328.4m328.4m328.1m328.1m328.1m328.1m328.1m328.1m357.9m358.4m356.2m356.7m383.0m381.7m394.2m402.5m413.2m299.1m298.5m298.2m99.2m99.5m13.2m13.1m13.1m13.1m

Total Assets

1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b2.0b2.0b2.1b2.0b2.1b2.2b2.3b2.3b2.3b2.3b2.4b2.2b1.9b1.9b1.8b1.7b1.8b1.8b

Accounts Payable

443.9m424.9m422.4m443.5m410.8m433.7m446.6m443.0m431.9m475.2m469.9m397.2m486.6m515.4m467.7m466.0m540.9m521.1m575.2m540.7m487.8m508.6m545.1m470.0m526.3m546.9m

Short-term debt

6.8m6.8m6.8m50.0m50.0m110.0m1.2m1.2m6.1m6.1m7.6m

Current Liabilities

608.8m611.2m590.4m612.0m591.9m656.8m668.6m745.3m605.8m652.8m652.4m575.5m675.1m705.5m650.4m663.4m727.8m700.0m742.5m733.0m681.0m703.7m740.7m661.6m727.7m768.3m

Long-term debt

453.4m441.8m435.0m435.0m482.9m462.2m477.1m345.0m535.9m517.3m506.3m561.5m542.4m545.0m684.2m661.1m666.1m753.9m760.5m620.2m565.4m504.9m453.2m530.4m518.7m512.3m

Total Debt

453.4m441.8m441.8m441.8m489.7m512.2m527.1m455.0m537.0m518.5m506.3m561.5m542.4m545.0m684.2m661.1m666.1m753.9m760.5m620.2m565.4m504.9m453.2m536.4m524.7m519.9m

Total Liabilities

1.2b1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.2b1.3b1.3b1.2b1.3b1.3b1.5b1.4b1.5b1.6b1.6b1.5b1.3b1.3b1.3b1.3b1.3b1.4b

Common Stock

3.7m3.7m7.4m7.4m7.4m7.4m7.4m7.4m7.4m7.4m7.4m

Additional Paid-in Capital

398.2m395.7m403.6m411.1m413.2m405.6m405.5m400.7m405.0m408.4m407.9m412.1m412.8m410.3m413.5m411.5m408.5m411.5m414.9m407.0m411.6m413.9m412.0m414.1m415.4m417.4m

Retained Earnings

1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.4b1.4b1.4b1.5b1.5b1.5b1.5b1.6b1.6b1.5b1.5b1.5b1.3b1.3b1.2b1.2b1.2b1.1b

Total Equity

710.6m733.1m769.7m752.7m721.2m682.6m689.2m710.8m755.1m760.5m796.2m830.0m841.7m840.3m832.6m734.5m754.0m782.6m590.6m593.7m509.9m441.4m439.2m433.2m

Debt to Equity Ratio

0.6 x0.7 x0.6 x0.8 x0.8 x1 x1 x0.8 x1 x0.9 x0.9 x1.2 x1.2 x1.2 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.6 x2.6 x2.5 x2.5 x2.6 x2.8 x2.8 x2.7 x2.6 x2.7 x2.6 x2.5 x2.6 x2.7 x2.8 x3.1 x3.1 x2.9 x3.3 x3.2 x3.5 x3.9 x4 x4.1 x

Essendant Cash Flow

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

112.8m109.0m111.8m123.2m119.2m(44.3m)63.9m(267.0m)

Depreciation and Amortization

31.7m28.9m30.0m48.7m45.5m43.3m

Accounts Receivable

(31.7m)21.8m14.7m(16.5m)(10.0m)38.5m59.3m

Inventories

(92.1m)(58.4m)10.4m(30.3m)(12.5m)47.1m55.8m

Accounts Payable

35.4m89.2m16.3m(40.6m)(42.1m)57.4m(47.3m)16.5m

Cash From Operating Activities

114.8m130.4m189.8m74.7m77.1m162.7m130.9m185.5m

Purchases of PP&E

(27.3m)(28.0m)(32.8m)

Capital Expenditures

(33.8m)(25.0m)(28.3m)(37.7m)(38.6m)

Cash From Investing Activities

(42.7m)(27.9m)(107.3m)(30.3m)(183.6m)(67.9m)(3.8m)(38.5m)

Short-term Borrowings

4.6m(108.1m)20.9m

Long-term Borrowings

(376.8m)(135.0m)(204.6m)

Dividends Paid

(17.5m)(21.3m)(21.2m)(20.5m)(20.7m)

Cash From Financing Activities

(69.4m)(111.9m)(63.5m)(53.1m)106.0m(85.0m)(136.0m)(140.0m)

Net Change in Cash

2.7m(9.5m)19.1m9.2m(8.7m)7.5m

Interest Paid

26.5m22.6m19.3m22.9m23.7m

Income Taxes Paid

50.9m53.1m76.3m32.2m24.3m

Free Cash Flow

40.9m52.1m134.4m93.2m147.0m

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

45.2m81.7m20.4m45.3m81.1m15.1m42.1m78.9m13.9m48.5m40.5m21.9m33.3m38.2m(4.0m)30.3m27.7m16.5m12.9m36.7m(188.6m)(183.5m)(265.4m)(51.4m)(51.5m)(56.0m)

Depreciation and Amortization

18.4m27.6m8.8m17.5m25.8m8.6m17.3m26.2m9.5m19.4m21.5m32.6m10.8m21.4m31.4m

Accounts Receivable

(19.8m)(41.1m)(71.7m)17.6m4.4m(9.3m)26.3m(4.0m)14.4m(10.6m)(21.4m)(49.2m)

Inventories

(47.5m)(25.6m)48.2m52.5m67.7m70.0m48.9m98.6m40.8m31.6m804.4m796.3m871.3m875.5m860.4m894.4m968.3m850.5m826.4m76.8m123.9m117.3m78.4m68.7m

Accounts Payable

104.3m86.5m49.7m71.5m12.1m(63.5m)(32.2m)(46.9m)(77.4m)(36.2m)486.6m515.4m467.7m466.0m540.9m521.1m575.2m540.7m487.8m24.1m60.7m(31.0m)25.2m45.9m

Cash From Operating Activities

54.7m114.4m41.0m73.3m99.5m27.9m48.3m155.7m(13.4m)45.3m125.8m205.0m(21.4m)23.7m46.9m

Purchases of PP&E

(10.7m)(18.0m)(9.8m)(16.2m)(20.8m)(4.5m)(10.3m)(20.3m)(9.1m)(17.0m)(13.7m)(24.5m)(24.4m)

Capital Expenditures

(7.8m)(16.0m)

Cash From Investing Activities

(26.2m)(33.4m)(9.8m)(16.2m)(20.7m)(4.4m)(10.2m)(20.1m)(9.0m)(13.5m)(13.7m)(24.5m)(7.8m)(34.7m)(46.0m)

Short-term Borrowings

(77.9m)

Long-term Borrowings

(370.0m)

Dividends Paid

(6.0m)(12.0m)(5.4m)(10.8m)(16.1m)(5.6m)(11.2m)(10.3m)(15.5m)(5.2m)(10.4m)(15.7m)

Cash From Financing Activities

(33.7m)(60.9m)(13.0m)(59.7m)(89.5m)(24.1m)(35.3m)(126.2m)11.9m(41.4m)(109.8m)(173.2m)31.6m14.2m1.6m

Net Change in Cash

(5.2m)20.0m18.2m(2.5m)(10.8m)(585.0k)2.8m9.4m(10.4m)(9.8m)2.6m7.8m2.5m

Interest Paid

12.8m19.1m6.4m12.9m19.6m6.9m14.1m18.2m4.4m7.1m11.8m19.2m8.5m14.5m23.5m

Income Taxes Paid

31.4m46.2m1.0m30.2m34.3m(9.3m)13.6m29.6m9.8m36.9m19.1m23.2m1.3m

Free Cash Flow

(29.3m)7.7m

Essendant Ratios

USDQ2, 2010

Financial Leverage

2.6 x

Essendant Operating Metrics

FY, 2014FY, 2015FY, 2016

Distribution Centers

777470

Enterprise Customers

30 k30 k29 k

Products

160 k180 k190 k

Essendant Employee Rating

3.6308 votes
Culture & Values
2.9
Work/Life Balance
3.5
Senior Management
2.7
Salary & Benefits
3.1
Career Opportunities
2.6
Source