Lawson Products Q3 Income Retreats 25%

(RTTNews) - Lawson Products (LAWS) released earnings for third quarter that decreased compared to the same period last year.

The company said its bottom line came in at $1.83 million, or $0.20 per share. This was down from $2.43 million, or $0.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $70.20 million. This was down from $70.24 million last year.

Lawson Products earnings at a glance:

-Earnings (Q3): $1.83 Mln. vs. $2.43 Mln. last year. -Earnings Decline (Y-o-Y): -24.7% -EPS (Q3): $0.20 vs. $0.27 last year. -EPS Decline (Y-o-Y): -25.9% -Analysts Estimate: $0.06 -Revenue (Q3): $70.20 Mln vs. $70.24 Mln last year. -Revenue Change (Y-o-Y): -0.1%