Lawson OEM Sales Grow
October 28
00:00
2004
Lawson OEM Sales Grow
Jason Sandefur
Lawson Products Inc. reported net sales for the third quarter of 2004 rose 8.1% to $107.8 million, a quarterly record. Q3 net income jumped 28% to $5.6 million. Quarterly OEM sales soared 25% to $21.5 million, while MRO sales grew 4.6% to $85.9 million. OEM sales growth resulted from new domestic customers.
For the first nine months of 2004, sales gained 6.8% to $312.5 million, while net income improved 42.1% to $17.4 million. Nine-month MRO sales climbed 3.8% to $250.9 million, while OEM revenue increased 21.5% to $61.6 million. Web: lawsonproducts.com �2004 FastenerNews.com
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