Lawson Products (LAWS) Tops Q2 EPS by 12c, Beats on Revenues

Lawson Products (NASDAQ: LAWS) reported Q2 EPS of $0.35, $0.12 better than the analyst estimate of $0.23. Revenue for the quarter came in at $90.38 million versus the consensus estimate of $87.01 million.

"Demand for our value-added MRO services remained robust in the second quarter as evidenced by the increase in our average daily sales. The 20.5% sales increase was largely driven by improved Lawson sales rep productivity as well as the inclusion of Bolt Supply. The 43% growth in our adjusted EBITDA percentage, which is over twice the sales gain, demonstrates the strengthening of our business and our ability to leverage our existing infrastructure," said Michael DeCata, president and chief executive officer. "Additionally, we increased our Lawson segment gross profit to 60.4% prior to the selling expense reclassification while driving adjusted EBITDA as a percent of sales to 8.6% from 6.0% a year ago."

For earnings history and earnings-related data on Lawson Products (LAWS) click here.

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