4/29/2011 11:42:00 AM
NEWS BRIEFS
Lawson Products Improves Sales & Profit
Lawson Products reported net sales, including fasteners, grew 10.2% to $82.6 million during the first quarter of 2011, boosted by continued growth in the company’s national, government, and automotive segment.
Q1 operating income increased 72% to $1.6 million, while gross profit gained 7% to $49.9 million. Cash-on-hand improved to $27.2 million with no outstanding debt.
“Our evolving sales model and ongoing operational improvements, combined with a more positive economic environment, enabled us to deliver significantly improved financial results,” stated CEO Thomas Neri. ©2011 GlobalFastenerNews.com
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