Lawson 4Q Sales Rise 4%

The MRO distributor says net sales increased to $102.1 million compared to $98.1 million for the fourth quarter of 2020.
Lawson Products 1Q 2022 sales

MRO distributor Lawson Products, Inc. (NASDAQ: LAWS) reported 2021 fourth-quarter net sales of $102.1 million, a 4% increase over the same period in 2020.

Average daily net sales in 4Q improved 5.7% to $1.701 million, compared to $1.609 million in the prior year quarter on one less selling day. For the full year, ADS increased by 19.7%, with organic sales growing 9.4%, Lawson said.

Adjusted EBITDA was $8.4 million or 8.3% of sales in 2021 4Q as compared to $9 million or 9.1% of sales for 4Q the prior year and $9.4 million or 8.9% of sales sequentially from the third quarter of 2021 on four fewer selling days. For all of 2021, adjusted EBITDA was $35.8 million as compared to $34.1 million in 2020.

“We are pleased to report net sales growth of 4.0% in the fourth quarter and 18.8% for the fiscal year, compared to last year,” Lawson President and CEO Michael DeCata said. “Our strong full year growth was driven by a 9.4% organic increase plus our acquisitive growth. I’m proud of the team’s hard work in the quarter, despite ongoing challenges faced by many companies from supply chain disruptions, product costs increases and labor shortages. Average daily sales for the quarter grew 5.7% to $1.701 million compared to the fourth quarter of 2020 from growth in both the Lawson MRO and The Bolt Supply House businesses. Sequential daily sales gains over the third quarter are evidence of strong customer demand that has continued into early 2022. The Company’s solid performance and positive operating cash flows in 2021 further strengthened our financial position to fund our growth initiatives.”

Related Posts

  • Barnes Group 4Q 2021 earnings

    The Connecticut-based industrial and aerospace manufacturer and service provider reported 2021 fourth-quarter sales of $311…

  • Lawson Products 1Q 2022 sales

    Lawson Products reported $105.6 million in sales for 2021 3Q and $315.7 million in sales…

  • SiteOne 2021 4Q and year end sales

    The Roswell, Georgia-based landscape company also reported 2021 year-end net sales of $3.48 billion, a…

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.