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Latest In Lawson Products
The Chicago-based MRO distributor Lawson Products also saw its average daily net sales grow 15.6% as the company began 2021 with a bang.
But the fourth quarter could prove to be a turning point for Lawson, which saw sales soar 10.8% to $98.1 million in the period.
MRO distributor names Bianca Martinez Rhodes as director, expanding the company’s board to eight members.
For the first nine months of 2020, sales at the Chicago-based MRO distributor Lawson Products slipped 10.2%.
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MRO distributor Lawson Products pulls the trigger on its largest acquisition in five years with the addition of Texas-based Partsmaster.
CEO Michael DeCata reports the company is positioned for solid future growth, including acquisitions.
The company reported profit of $12.5 million, compared to $4.1 million in the same period a year ago.
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Average daily sales also down 1.9 percent in first quarter.
Acquisition strengthens company's sales force presence.
Fourth quarter sales were down 7.6 percent year-over-year.
