Lawson Products Q2 Results Beat View - Quick Facts

(RTTNews) - Lawson Products Inc. (LAWS) reported that its net income for the second quarter was $3.2 million or $0.35 per share, down from $7.3 million or $0.80 per share for the same period a year ago.

The year-ago period's results benefited by $0.60 per share from a non-recurring gain on the sale of a facility.

Excluding this non-recurring gain, earnings per share share for the quarter increased to $0.35 from $0.20 in the year-ago quarter. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share. Analysts' estimates typically exclude special items.

Net revenue for the quarter increased 20.5 percent to $90.38 million from $75.01 million in the year-ago period. Analysts had a consensus revenue estimate of $87.01 million.

Average daily sales grew 20.5 percent to $1.41 million in the recent quarter from $1.17 million a year earlier.