 |
Lock in savings now before June 1 rate increase! |
 |
The
increase in net sales during the quarter and the discontinuance of goodwill amortization resulted in 18.1% growth in operating
income to $6,000,000 compared to $5,082,000 for the same period last year. Pre-tax income was $6,410,000, an increase of 10
percent. Interest charges and a reduction in ...
The
increase in net sales during the quarter and the discontinuance of goodwill amortization resulted in 18.1% growth in operating
income to $6,000,000 compared to $5,082,000 for the same period last year. Pre-tax income was $6,410,000, an increase of 10
percent. Interest charges and a reduction in investment income accounted for the smaller percentage increase in pre-tax income.
Net income for the first quarter of 2002 grew 18.3 percent to $3,832,000 compared to $3,238,000 reported for the same
quarter last year. Net income per share was $.40, an increase of 21.2 percent. The improvement in pre-tax income and a lower
effective tax rate, brought about by a reduction in state income tax, were responsible for the growth in net income.
During
the quarter, the company held annual sales conferences for the North American sales representatives of Lawson, Cronatron,
Drummond and Kent Automotive. At the conferences, sales representatives were introduced to new products, programs and incentives
designed to increase their sales and earnings. The many opportunities presented to agents at these events, along with numerous
awards for sales achievements attained during 2001 are intended to provide added stimulus to strengthen the company's position
in the marketplace.
Lawson Products is an international seller and distributor of systems, services and products to
the industrial, commercial and institutional maintenance, repair and replacement marketplace. The company also manufactures,
sells and distributes production and specialized component parts to the original equipment marketplace, including the automotive,
appliance, aerospace, construction and transportation industries.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Social Media Marketing for Distributors Bob DeStefano, SVM E-Marketing Solutions, separates the "hype from the helpful" on social media marketing. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Morrison Supply Company CEO Chip Hornsby talks about his goals for the company & the outlook for 2012. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment