10/26/2015 1:35:00 AM
NEWS BRIEFS
Lawson Products reported net sales, including fasteners, decreased 5.2% to $70.2 million for the third quarter of 2015, driven by declining sales to direct oil and gas customers and the impact from a lower Canadian dollar.
“We continued to realize growth in the Kent Automotive Division,” the company stated.
On a sequential basis, sales were relatively flat from the second quarter of 2015, while gross profit improved to 61.7% from 60.1%.
Sales during the first nine months of 2015 fell 2.1% to $210.9 million, while gross profit edged higher.
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