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Sep 30, 2021
DSG Q3 2021 Earnings Report
Lawson Products generated solid operating results driven by sales growth and the Partsmaster acquisition.
Key Takeaways
Lawson Products reported a 16.9% increase in sales to $105.6 million compared to the prior year quarter. Operating income increased to $4.6 million, and net income was $3.7 million, or $0.39 per diluted share. The company faced global supply chain issues, labor shortages, and inflation, but took actions to improve product sourcing, pricing, and labor allocation to protect margins.
Third quarter sales of $105.6 million compared to $90.3 million in the prior year quarter.
Operating income was $4.6 million in the third quarter of 2021 compared to $2.0 million in the third quarter of 2020.
Net income of $3.7 million for the quarter, or $0.39 per diluted share compared to $0.19 in the prior year quarter.
Ended the quarter with cash and cash equivalents of $7.5 million and $87.4 million of availability under our credit facility.
Revenue by Segment
Forward Guidance
The company expects to continue to achieve organic growth and make acquisitions that will leverage its strong balance sheet and margin performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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