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MRO distributor Lawson Products, Inc. (Nasdaq: LAWS), Des Plaines, IL, reported sales for the first quarter of $82.6 million, a 10.2 percent increase in a year-over-year comparison. Profit fell 13.4 percent to $2.0 million.
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Sales growth was primarily attributable to continued growth in Lawson's national, government and automotive segments.
Thomas Neri concluded by commenting, “The continuing economic recovery is providing an improving backdrop for our ongoing efforts to achieve sustainable growth," said Thomas Neri, president and CEO. "Throughout the remainder of the year, we will continue to strengthen our foundation in the MRO marketplace, with a specific focus on targeting opportunities in strategic, high-growth segments."