Lawson Products Announces Third Quarter 2020 Results
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Lawson Products (LAWS) Tops Q3 EPS by 7c, Revenues Beat
October 29, 2020 7:41 AM EDTLawson Products (NASDAQ: LAWS) reported Q3 EPS of $0.62, $0.07 better than the analyst estimate of $0.55. Revenue for the quarter came in at $90.3 million versus the consensus estimate of $87.07 million.
Our third quarter results confirm we are on the right path recovering from the impact of the pandemic-led economic downturn. Net sales for the third quarter grew 25.1% over the prior quarter and our adjusted EBITDA margin improved to 10.4% from 8.7% in the second quarter. Account collections and cash flows remain strong... More
