Business
Lawson Products Reports Fourth Quarter and Full Year 2019 Results
Continued Strong Financial Performance in Fourth Quarter CHICAGO--(BUSINESS WIRE)-- Lawson Products, Inc. (NASDAQ:LAWS) (“Lawson” or the "Company"), a
About this update from Distribution Solutions Group, Inc.
[{"type":"text","content":"\nContinued Strong Financial Performance in Fourth Quarter\n\n CHICAGO--(BUSINESS WIRE)--\nLawson Products, Inc. (NASDAQ:LAWS) (“Lawson” or the \"Company\"), a distributor of products and services to the MRO marketplace, today announced results for the fourth quarter and the full year ended December 31, 2019.\n\n\n\n\nSummary Financial Highlights\n\n\n\n \n\n\n\nThree Months\n\n\nEnded December 31,\n\n\n\n \n\n\n\nYear Ended\n\n\nDecember 31,\n\n\n\n\n\n($ in millions, except earnings per share data)\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\nChange\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\nChange\n\n\n\n\n\nNet Sales\n\n\n\n \n\n\n\n$88.6\n\n\n\n \n\n\n\n$86.3\n\n\n\n \n\n\n\n2.7%\n\n\n\n \n\n\n\n$370.8\n\n\n\n \n\n\n\n$349.6\n\n\n\n \n\n\n\n6.0%\n\n\n\n\n\nAverage Daily Net Sales\n\n\n\n \n\n\n\n$1.452\n\n\n\n \n\n\n\n$1.414\n\n\n\n \n\n\n\n2.7%\n\n\n\n \n\n\n\n$1.471\n\n\n\n \n\n\n\n$1.393\n\n\n\n \n\n\n\n5.6%\n\n\n\n\n\nNumber of Business Days\n\n\n\n \n\n\n\n61\n\n\n\n \n\n\n\n61\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n252\n\n\n\n \n\n\n\n251\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nReported Operating (Loss) Income\n\n\n\n \n\n\n\n$(4.5)\n\n\n\n \n\n\n\n$4.1\n\n\n\n \n\n\n\nNA\n\n\n\n \n\n\n\n$9.1\n\n\n\n \n\n\n\n$9.2\n\n\n\n \n\n\n\n(1.6)%\n\n\n\n\n\nAdjusted Operating Income (1)\n\n\n\n \n\n\n\n$5.8\n\n\n\n \n\n\n\n$3.3\n\n\n\n \n\n\n\n75.8%\n\n\n\n \n\n\n\n$28.6\n\n\n\n \n\n\n\n$18.4\n\n\n\n \n\n\n\n55.5%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA (1)\n\n\n\n \n\n\n\n$7.3\n\n\n\n \n\n\n\n$5.1\n\n\n\n \n\n\n\n45.0%\n\n\n\n \n\n\n\n$34.5\n\n\n\n \n\n\n\n$25.2\n\n\n\n \n\n\n\n36.7%\n\n\n\n\n\nAdjusted EBITDA Margin (1)\n\n\n\n \n\n\n\n8.3%\n\n\n\n \n\n\n\n5.9%\n\n\n\n \n\n\n\n+240 bps\n\n\n\n \n\n\n\n9.3%\n\n\n\n \n\n\n\n7.2%\n\n\n\n \n\n\n\n+210 bps\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nReported Diluted (Loss) Earnings Per Share\n\n\n\n \n\n\n\n$(0.34)\n\n\n\n \n\n\n\n$0.28\n\n\n\n \n\n\n\n$(0.62)\n\n\n\n \n\n\n\n$0.77\n\n\n\n \n\n\n\n$0.67\n\n\n\n \n\n\n\n$0.10\n\n\n\n\n\nAdjusted Diluted Earnin...