Lawson Q3 Net Income Gains 13.5%
October 21
00:00
2002
Lawson Q3 Net Income Gains 13.5%
Jason Sandefur
Lawson Products Inc. reported third quarter net income rose 13.5% to $3.8 million. Q3 net sales dipped 1.5% to $98.5 million. In the past nine months, net income grew 16.6% to $12.3 million and net sales grew 4.1% to $294.1 million. CFO Joseph Pawlick said the sales gain was due to rep-generated sales from Premier Industrial, acquired earlier this year. Q3 net sales for the domestic MRO segment declined 3%, while net sales for the OEM segment gained 3% and net sales for the international segment grew 12%. Web: lawsonproducts.com �2002 FastenerNews.com
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