Lawson Products Inc. (NASDAQ:LAWS), Chicago, IL, reported second-quarter sales of $90.4 million, up 21 percent compared to the 2017 second quarter.
Net income was $3.2 million compared with $7.3 million in the year-ago period; 2017 second-quarter earnings reflected a non-recurring gain from the sale of a facility, the company said.
Average daily sales grew to $1.4 million compared to $1.2 million in the previous year quarter. Sales were positively affected by $9.8 million from the inclusion of the Bolt Supply acquisition, completed in the beginning of the fourth quarter of 2017, and a 9.1 percent improvement in Lawson’s sales per rep per day productivity compared to the second quarter 2017, the company said.
