Posted April 18, 2019

Lawson Products sales increase 8.2 percent

Lawson Products reported first-quarter sales of $91.3 million, an increase of 8.2 percent over $84.4 million in the same period last year.

Average daily sales also increased 8.2 percent to $1.450 million in the first quarter 2019 compared to $1.341 million in the first quarter of 2018.

Net income was $4.1 million, or 44 cents per diluted share, compared to $1.2 million, or 13 cents, a year ago.

"This performance was driven by increased Lawson sales rep productivity, sales growth at Bolt Supply, and the inclusion of Screw Products. We efficiently managed our operating expenses which enhanced the growth of our adjusted operating income by 74 percent in the quarter," said Michael DeCata, president and chief executive officer.