Lawson Products Q2 Income Drops 94%

(RTTNews) - Lawson Products (LAWS) announced a profit for second quarter that retreated compared to the same period last year.

The company said its bottom line totaled $0.17 million, or $0.02 per share. This was down from $2.93 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $69.35 million. This was down from $70.73 million last year.

Lawson Products earnings at a glance:

-Earnings (Q2): $0.17 Mln. vs. $2.93 Mln. last year. -Earnings Decline (Y-o-Y): -94.2% -EPS (Q2): $0.02 vs. $0.33 last year. -EPS Decline (Y-o-Y): -93.9% -Analysts Estimate: $0.14 -Revenue (Q2): $69.35 Mln vs. $70.73 Mln last year. -Revenue Change (Y-o-Y): -2.0%