Lawson Products, Inc., Des Plaines, IL, a distributor of products to the maintenance, repair and operations and original equipment manufacturers, reported sales from continuing operations in the third quarter ended Sept. 30, 2007, were $127.9 million, up $0.6 million from the comparable prior-year period. Profit was $2.4 million.
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Third quarter 2007 results include severance costs of $3.7 million related to several executive departures and re-alignment of the company’s sales management.
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In April, 13 sales agents for Lawson were   ; indicted on federal fraud charges. The sales agents were accused of paying kickbacks totaling $140,000 to employees of some of their customers, including suburban municipalities, school districts, a federal agency, a non-profit …
Lawson Products Sales Up Slightly in 3Q
Lawson Products, Inc., Des Plaines, IL, a distributor of products to the maintenance, repair and operations and original equipment manufacturers, reported sales from continuing operations in the third quarter ended Sept. 30, 2007, were $127.9 million, up $0.6 million from the comparable prior-year period. Profit was $2.4 million.
  ;
Third quarter 2007 results include severance costs of $3.7 million related to several executive departures and re-alignment of the company’s sales management.
  ;
In April, 13 sales agents for Lawson were   ; indicted on federal fraud charges. The sales agents were accused of paying kickbacks totaling $140,000 to employees of some of their customers, including suburban municipalities, school districts, a federal agency, a non-profit …
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