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Lawson Products, Inc. (NASDAQ:LAWS) announced participation in the G.research Microcap Symposium on May 18th, with a virtual presentation at 2:00 p.m. ET. Additionally, management will attend the Barrington Research Spring Investment Conference on May 27th. Both events will include opportunities for one-on-one meetings with management. Founded in 1952, Lawson distributes specialty products to the maintenance, repair, and operations (MRO) market, aiming to enhance customer efficiency in the U.S. and Canada.
Lawson Products, Inc. (NASDAQ: LAWS) reported its Q1 2021 financial results, highlighting a significant 26% increase in net sales to $31.8 million compared to Q1 2020. The company experienced a net loss of $0.8 million, though this represented an improvement from the $1.4 million loss in Q1 2020. The gross profit margin rose to 34.5%, enhancing from 31.7% year-over-year. Lawson's operating expenses increased by 19% due to investments in sales and marketing. Management remains optimistic about growth opportunities moving forward.
Lawson Products, Inc. (NASDAQ: LAWS) announced it will report its Q1 2021 results on April 29, 2021, pre-market. A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time the same day. Interested participants can pre-register to bypass live operators. Lawson, founded in 1952, specializes in distributing MRO products to various sectors in the U.S. and Canada, aiming to enhance customer efficiency and reduce operation costs.
Lawson Products (NASDAQ: LAWS) reported fourth quarter 2020 net sales of $98.1 million, an increase of 10.8% from the previous year, aided by the Partsmaster acquisition. Average daily net sales rose to $1.609 million, reflecting a 43% recovery from Q2 lows. Despite a full year decline in revenue by 5.2%, operating income surged to $20.6 million, up 126.7% year-over-year. Adjusted diluted earnings per share improved to $0.60. The company ended 2020 with $28.4 million in cash and $66 million available under its credit facility, demonstrating strong liquidity and cash flows.
Lawson Products, Inc. (NASDAQ: LAWS) has appointed Ms. Bianca Martinez Rhodes to its Board of Directors, increasing the Board size to eight members. Rhodes, aged 62, has been the President and CEO of Knight Aerospace Medical Systems since 2014 and has extensive experience in financial and operational consulting. Her previous roles include CFO positions at Kinetics Concepts and TexCom Management Services, where she successfully enhanced company valuations. The Board Chairman expressed confidence that Rhodes's expertise will support Lawson's strategic growth objectives.
Lawson Products, Inc. (NASDAQ: LAWS) announced it will report its Q4 2020 results on February 25, 2021, pre-market. A conference call will follow at 9:00 a.m. EST to discuss the results. Participants can pre-register for faster access and receive a passcode. The replay will be available two hours post-call until March 31, 2021. Lawson, founded in 1952, focuses on distributing MRO products across the U.S. and Canada, aiming to enhance operational efficiency for its customers.
Lawson Products, Inc. (NASDAQ: LAWS) reported its third-quarter results for 2020, showcasing net sales of $90.3 million, a 4.7% year-over-year decline, yet a 25.1% increase from the previous quarter. Operating income fell to $2.0 million, down 69.0% from the prior year, while adjusted EBITDA was $9.3 million. The company completed the acquisition of Partsmaster for $35.3 million, contributing $5.4 million in September sales. Cash reserves increased to $17.2 million, affirming a strong financial position amid ongoing economic challenges.
Lawson Products, Inc. (NASDAQ:LAWS) will present at the Baird 2020 Global Industrial Conference from November 10-12, 2020. CEO Michael G. DeCata and CFO Ronald Knutson will provide updates on the company's strategy and recent acquisition of Partsmaster on November 12 from 3:10 to 3:40 p.m. EST. They will also be available for one-on-one meetings on the same day. Founded in 1952, Lawson Products specializes in providing MRO products and services across North America, enhancing operational efficiency for its customers.
Lawson Products, Inc. (NASDAQ: LAWS) will report its third quarter 2020 results on October 29, 2020, before market open. The company will hold a conference call at 9:00 a.m. Eastern Time to discuss the results. Pre-registration for the call is available to allow participants to bypass the operator. Lawson provides specialty products in the MRO marketplace, focusing on improving efficiency and reducing operational costs for customers in the U.S. and Canada.