The 2020 Mid-Year Economic Update_long

Lawson Products Sales Up 6% in 2014

Fourth quarter sales were up 6.9 percent year-over-year.

Lawson Products Inc. (NASDAQ:LAWS), Chicago, IL, reported sales for 2014 of $285.7 million, up 6 percent from the previous year. The distributor of MRO products reported a loss of $4.4 million for the year, compared to a loss of $5.1 million in 2013.

Fourth-quarter sales were $70.3 million, up 6.9 percent from the prior-year period, driven by 12 percent year-over-year sales growth in strategic accounts and the Kent Automotive division. The company reported a loss for the quarter of $2.7 million, as compared to a loss of $2.9 million for the same period a year ago.

“In the fourth quarter, we added 22 sales reps and 110 for all of 2014,” said Michael DeCata, president and CEO. “Customers continue to value our services as evidenced through our higher customer retention, new customers gained and stable gross margins.”

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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

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.