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Lawson Products, Inc. (NASDAQ:LAWS) reported a 4.0% increase in fourth quarter net sales to $102.1 million, with full-year sales up 18.8% to $417.7 million. Average daily sales grew 5.7% in Q4 and 19.7% for the year, driven by strong performance in its MRO and Bolt Supply House divisions. However, the company faced an operating loss of $0.8 million in Q4 due to non-operating expenses related to merger agreements. Adjusted EBITDA declined 6.0% in Q4 but increased 4.9% for the year. Lawson ended 2021 with total liquidity of $91.3 million.
Lawson Products, Inc. (NASDAQ: LAWS) will report its fourth quarter 2021 results on February 24, 2022, pre-market. A conference call to discuss the results is scheduled for 9:00 a.m. Eastern Time. Participants can pre-register for quick access and join the live call or listen to a replay until March 31, 2022. Lawson Products, founded in 1952, provides products and services to the MRO market across North America, enhancing customer productivity and efficiency.
Lawson Products (NASDAQ: LAWS) and LKCM Headwater Investments announced a merger to form a specialty distribution holding company with over $1 billion in pro forma annual revenue and more than $100 million in adjusted EBITDA. The merger involves combining Lawson with TestEquity and Gexpro Services, both of which will operate independently under the new holding company. Following the merger, LKCM Headwater affiliates will own approximately 75% of Lawson's shares. The merger aims to enhance growth, operational efficiencies, and competitive advantage in the industrial distribution market.
Lawson Products, Inc. (NASDAQ: LAWS) reported third-quarter results for 2021, achieving net sales of $105.6 million, up 16.9% from the previous year. The company's average daily sales increased to $1.650 million. Operating income grew significantly to $4.6 million. Adjusted EBITDA remained stable at $9.4 million. However, reported net income was $3.7 million, a decrease from previous quarters. The firm highlighted challenges due to global supply chain issues and labor shortages but remains optimistic about future growth through acquisitions and improved sales integration.
Lawson Products, Inc. (NASDAQ: LAWS) announced that its CEO, Michael G. DeCata, and CFO, Ronald Knutson, will present at the Baird 51st Annual Global Industrial Conference from November 9-11, 2021. Their presentation is scheduled for November 11 from 3:10 to 3:40 p.m. ET, focusing on the company’s strategy and financial results. Additionally, one-on-one meetings will be available around the presentation. Lawson Products specializes in distributing MRO products, aiming to enhance productivity and efficiency for customers across the U.S. and Canada.
Lawson Products, Inc. (NASDAQ: LAWS) announced it will report its third quarter 2021 results on October 28, 2021, before market open. A conference call will follow at 9:00 a.m. Eastern Time for an in-depth review of the results. Investors can pre-register for the call to gain immediate access and receive a unique PIN. The replay will be available until November 30, 2021. Lawson Products specializes in providing MRO products and services across the U.S. and Canada, helping to enhance operational efficiency.
Lawson Products, Inc. (NASDAQ: LAWS) reported strong financial results for Q2 2021, with net sales reaching $106.5 million, a 47.7% increase from $72.1 million in Q2 2020. The company experienced a notable growth trajectory, driven by a recovery in customer end markets and the successful integration of the Partsmaster acquisition. Adjusted diluted earnings per share rose to $0.60, up from $0.37 in the previous year. Lawson also ended the quarter with $91.9 million available under its credit facility, indicating a solid financial position amid ongoing supply chain disruptions.
Lawson Products, Inc. (NASDAQ:LAWS) announced that CEO Michael G. DeCata and CFO Ronald Knutson will present at the Jefferies 2021 Virtual Industrials Conference on August 3 at 4:00 p.m. EDT. The presentation will cover the Company’s strategy and financial results, with a replay available for 30 days thereafter. Additionally, one-on-one meetings will be held on the same day. Lawson Products, founded in 1952, specializes in distributing MRO products across North America, focusing on enhancing customer efficiency and reducing operational costs.
Lawson Products, Inc. (NASDAQ: LAWS) will report its second quarter 2021 results on July 29, 2021, pre-market. A conference call to discuss the results will start at 9:00 a.m. Eastern Time. Participants can pre-register to receive a passcode for quick access. The call can also be joined via a direct dial-in for those without internet. A replay will be available for listening until August 31, 2021. Lawson Products distributes specialty products to the MRO market and aims to improve customer efficiency.
Lawson Products, Inc. (NASDAQ: LAWS) is set to present at the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, at 9:00 a.m. ET. CEO Michael DeCata and CFO Ronald Knutson will discuss the company’s strategy, operational performance, and financial results. Interested viewers can register for the presentation at this link or via the Lawson Products website, where a replay will be available for 30 days.