The 2020 Mid-Year Economic Update_long

Lawson Products Sales Down 3.5% in 2015

Fourth quarter sales were down 7.6 percent year-over-year.

Lawson Products Inc. (NASDAQ:LAWS), Chicago, IL, reported sales for 2015 of $275.8 million, down 3.5 percent from the previous year. Profit was $297,000 for the year, compared to a loss of $4.4 million in 2014.

Fourth-quarter sales were $65 million, down 7.6 percent from the prior-year period. Sales were impacted by a general slow-down in the MRO marketplace, weak demand from customers in the oil and gas industry and a decline in the Canadian dollar.

The company reported a loss for the quarter of $3.7 million, as compared to a loss of $2.7 million for the same period a year ago.

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