8/4/2009
HEADLINES
STOCKS: MRO Fastener Sales Do Better for Lawson Products
Lawson Products reported second-quarter sales, including fasteners, decreased 25% to $95 million “as the economic recession continued to depress customer demand.” Gross profit dropped 23% to $55.9 million.
During Q2 Lawson sold its Charlotte, NC, distribution for about $2.2 million. Lawson plans to sell its distribution center in Dallas, TX.
Overall sales during the first half of 2009 fell 23% to $194.4 million, with gross profit declining 25% to $110 million. ©2009 GlobalFastenerNews.com
Related Links:
Share: