Lawson Sales Up 16.9% - Modern Distribution Management

Lawson Sales Up 16.9%

Lawson Products reported $105.6 million in sales for 2021 3Q and $315.7 million in sales for the first nine months of the year.
Lawson Products 1Q 2022 sales

Lawson Products, Inc. (NASDAQ: LAWS) reported $105.6 million in sales for the third quarter of 2021 and $315.7 million in sales for the first nine months of the year.

The third-quarter sales numbers were 16.9% above the same period for 2020, while the year-to-dale sales earnings were 24.5% over last year.

“Lawson generated solid operating results both sequentially and over the prior year despite the lingering effects of the pandemic, including disruption by the Delta variant, and pressure from wide-spread global supply chain disruptions,” said Mike DeCata, Lawson president and chief executive officer. “During the quarter, sales grew nearly 17% over the prior year quarter to $106 million benefiting from our 2020 acquisition of Partsmaster as well as strong sales in our Lawson MRO and The Bolt Supply House businesses. We continue to strengthen our financial position to support future growth.”

Lawson ranks No. 35 on MDM’s list of the Top 40 Industrial & Construction Distributors, with $351.6 million in revenue for 2020.

The company also ranks No. 13 on MDM’s list of the Top MRO Industrial Distributors.

Operating income was $4.6 million in the third quarter of 2021, compared to $3.4 million in the second quarter of 2021 and $2.0 million in the third quarter of 2020.

Adjusted operating income was $7.3 million in the third quarter of 2021, compared to $6.8 million in the second quarter of 2021 and $7.7 million reported in the year ago quarter.

“During the quarter, we faced similar global supply chain issues, labor shortages and inflation that impacted many businesses, DeCata said. “We are aggressively managing through this environment and have taken actions to improve product sourcing, pricing and labor allocation to protect our margins. As a result, our adjusted EBITDA this quarter is higher than the immediately preceding two quarters. With our strong balance sheet and margin performance, we expect to continue to achieve organic growth and make acquisitions that will leverage these strengths.”

Related Posts

Share this article

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.

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

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

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.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!