Need Help? (888) 742-5060

In The News:

Lawson Products Sales Up 5% in 2010

MRO distributor Lawson Products, Inc. (NASDAQ: LAWS), Des Plaines, IL, reported sales for the year 2010 were $316.8 million, a 5 percent increase over 2009. Profit was $6.9 million, versus a net loss of $2.7 million last year.

For the fourth quarter, sales were $80 million, up 13.1 percent from the prior-year period. The increase was due to continued growth from strategic accounts and governmental and automotive customers. The distributor reported a net loss for the quarter of $0.5 million, inclusive of a loss of $0.6 million from discontinued operations.

"During the quarter, we continued to execute our long-term growth plan and advanced several key operational initiatives. We sold Rutland Tool & Supply, which generated $11 million of cash and furthers our strategic focus on growing Lawson's core MRO business," said Thomas Neri, president and CEO.

"We also made significant progress towards implementing our new Enterprise Resource Planning (ERP) platform and accelerating sales productivity. Our average daily sales in the fourth quarter were $1.312 million, representing a 2.9 percent sequential increase over the third quarter and a 13.1 percent improvement year-over-year. I am pleased with our execution during the quarter and remain confident that we are building a strong foundation for sustainable and profitable long-term growth."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center