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OfficeMax delivers a profit despite weak economy
NAPERVILLE, Ill. — OfficeMax's sales were down for the third quarter, but the company managed to deliver higher net income growth during a period of executive transitions and a tough economy.
OfficeMax announced that total sales were $1.8 billion in the third quarter of 2011, a decrease of 2.1% from the third quarter of 2010. For the third quarter of 2011, OfficeMax reported net income of $21.5 million, or 25 cents per diluted share, compared with $20 million, or 23 cents per diluted share, in the third quarter of 2010.