Lawson Products Announces Third Quarter 2018 Results
Lawson Products, Inc. (LAWS)
Last lawson products, inc. earnings: 4/30 07:30 am
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Source: Business Wire
17.0% Sales Increase Drives Strong Performance 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 third quarter ended September 30, 2018. Highlights Sales of $88.5 million, up 17.0%. Average daily sales ("ADS") increased to $1.405 million during the third quarter of 2018 compared to $1.201 million in the third quarter of 2017 Lawson segment ADS increased 4.0%, excluding The Bolt Supply House ("Bolt Supply"), primarily due to a 6.6% improvement in sales rep productivity Operating loss of $2.3 million, including $7.6 million in stock-based compensation expense due to a 39% increase in the market price of the Company's stock price, compared to operating income of $1.1 million in the third quarter of 201
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