United Stationers reported solid results for its fourth quarter and record revenues and for the year ended December 31, 2011. In addition, the wholesaler announced a distribution network optimization and targeted cost reduction program. In the fourth quarter net sales increased 1.3% from the prior-year period to $1.2 billion and operating income was $45.9 million.

“We had record results in 2011, with outstanding performance in our growth initiatives helping to offset a more challenging office products environment,” said Cody Phipps, president and chief executive officer. “This performance reinforces the effectiveness of our strategy for long-term growth delivered by our associates. We are taking action to accelerate our growth efforts in the industrial and janitorial & breakroom businesses, optimize our distribution network for the future, and drive targeted cost reductions to support margins.”

 “United Stationers is entering 2012 with strong momentum in its growth businesses,” continued Phipps. “We are not counting on any improvement in the economy or jobs picture, and we believe the challenges in the office products category will continue. As a result we are taking action to better position the company for future growth.

“We are optimizing our network of distribution centers and we are realigning our resources to support growth businesses, while keeping the core strong. Cost savings will fund growth investment in a way that keeps our cost structure very competitive.”