OfficeMax® Incorporated, a leader in office supplies, technology and services, today announced the results for its fiscal first quarter ended March 31, 2012.

Total sales were $1,872.9 million in the first quarter of 2012, an increase of 0.5% from the first quarter of 2011. For the first quarter of 2012, OfficeMax reported operating income of $17.8 million, compared to $28.6 million in the first quarter of 2011, and net income available to OfficeMax common shareholders of $4.9 million, or $0.06 per diluted share, compared to $11.4 million, or $0.13 per diluted share, in the first quarter of 2011.

Results for the first quarter 2012 include charges recorded in our Retail segment related to store closures in the U.S. The effect of these charges reduced operating income by $25.3 million, and net income by $15.4 million, or $0.18 per diluted share. Excluding this item, adjusted operating income in the first quarter of 2012 was $43.1 million, or 2.3% of sales, an increase of 51% from $28.6 million, or 1.5% of sales, in the first quarter of 2011. Adjusted net income available to OfficeMax common shareholders in the first quarter of 2012 was $20.3 million, or $0.23 per diluted share, compared to $11.4 million, or $0.13 per diluted share, in the first quarter of 2011.