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Mar 31, 2021
DSG Q1 2021 Earnings Report
Lawson Products reported first quarter results, demonstrating sales growth and strategic acquisition integration.
Key Takeaways
Lawson Products reported a strong first quarter with sales reaching $103.6 million, a 13.8% increase compared to the same quarter last year. The company made significant progress in integrating Partsmaster and is positioned for continued growth in 2021.
First quarter sales reached $103.6 million, up from $91.0 million in the prior year quarter.
Partsmaster contributed $15.7 million to sales in the first quarter.
Reported operating income was $4.8 million, while adjusted operating income was $7.2 million.
Cash on hand at the end of the quarter was $26.3 million, with $64.4 million available under the credit facility.
Forward Guidance
After paying the remaining balance due of $33 million for the Partsmaster acquisition in the second quarter, the company anticipates that it will have approximately $90 million available under its $100 million committed credit facility to fund growth initiatives and future acquisitions
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Avg. Return Before/After Earnings
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