Lawson Products Announces Third Quarter 2018 Results
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Lawson Products (LAWS) Tops Q3 EPS by 17c, Revenues Miss
October 25, 2018 7:40 AM EDTLawson Products (NASDAQ: LAWS) reported Q3 EPS of $0.54, $0.17 better than the analyst estimate of $0.37. Revenue for the quarter came in at $88.5 million versus the consensus estimate of $89.54 million.
Sales of $88.5 million, up 17.0%. Average daily sales ("ADS") increased to $1.405 million during the third quarter of 2018 compared to $1.201 million in the third quarter of 2017Lawson segment ADS increased 4.0%, excluding The Bolt Supply House ("Bolt Supply"), primarily due to a 6.6% improvement in sales rep productivityOperating loss... More