Lawson Products Q1 Profit Declines 16%

(RTTNews) - Lawson Products (LAWS) released earnings for first quarter that decreased from last year.

The company said its earnings came in at $0.86 million, or $0.09 per share. This was lower than $1.02 million, or $0.11 per share, in last year's first quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $74.62 million. This was up from $69.71 million last year.

Lawson Products earnings at a glance:

-Earnings (Q1): $0.86 Mln. vs. $1.02 Mln. last year. -Earnings Decline (Y-o-Y): -15.7% -EPS (Q1): $0.09 vs. $0.11 last year. -EPS Decline (Y-o-Y): -18.2% -Analysts Estimate: $0.10 -Revenue (Q1): $74.62 Mln vs. $69.71 Mln last year. -Revenue Change (Y-o-Y): 7.0%