DSG Q4 2019 Earnings Report
Key Takeaways
Lawson Products reported a 2.7% increase in net sales for Q4 2019, reaching $88.6 million, and a 75.8% increase in adjusted operating income. The company's financial results were negatively impacted by $10.2 million of stock-based compensation expense. For the full year, sales increased 6.0% and adjusted EBITDA finished at $34.5 million representing an increase of 37%.
Ended the year with over 1,000 Lawson segment sales reps and realized continued sales rep productivity.
Non-GAAP adjusted operating income increased 75.8% to $5.8 million.
Adjusted EBITDA improved to 8.3% for the fourth quarter 2019 from 5.9% in the year ago quarter.
Adjusted diluted earnings per share improved 118% to $0.48.
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Forward Guidance
Lawson Products enters fiscal 2020 well-positioned to take advantage of opportunities built through initiatives focused on sales rep productivity, adding to the sales team, and making compatible, accretive acquisitions.