Lawson Products Announces First Quarter 2018 Results
Lawson Products, Inc. (LAWS)
Last lawson products, inc. earnings: 4/30 07:30 am
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Source: Business Wire
Average Daily Sales Increase 15.0% CHICAGO--(BUSINESS WIRE)-- Lawson Products, Inc. (NASDAQ: LAWS) (“Lawson” or the "Company"), a distributor of products and services to the MRO marketplace, today announced results for the first quarter ended March 31, 2018. Highlights Average daily sales ("ADS") increased 15.0% to $1.341 million during the first quarter of 2018 compared to $1.166 million in the first quarter of 2017 Organic Lawson segment ADS increased by 4.0% compared to prior year quarter GAAP operating income rose to $1.8 million compared to $0.7 million in the first quarter of 2017. Non-GAAP EBITDA, adjusted for stock-based compensation and severance improved $2.2 million to $5.1 million from $2.9 million a year ago. The Lawson segment adjusted EBITDA was $4.5 million compared to $2.9 million a year ago quarter (see reconc
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