Lawson Products, Inc., (NASDAQ: LAWS), Chicago, IL, announced the Lawson Products stand-alone sales results for the first quarter of 2022, ending March 31, were $117.9 million, up 13.8% from the prior-year period.
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Net income for the quarter was $9 million. Net income was $3.6 million in the first quarter of 2021.
“The Lawson team has continued to deliver, despite inflationary and supply chain challenges. We are taking the necessary actions to mitigate the effects of the inflationary environment on our profitability, including instituting price increases. We also continue to invest in our sales representatives, which drove a 16.4% improvement in sales per rep per day productivity over a year ago,” Lawson Products CFO Ron Knutson said.
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