Revenue Update on Lawson Products(NASDAQ:LAWS)

Lawson Products(NASDAQ:LAWS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $69.35M. Analysts estimated a revenue of $71.18M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.14.

Lawson Products (LAWS) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.39% at a volume of 7,960. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.65. The peak price level was also seen at $20.65 while the days lowest was $20.4. Finally the shares closed at $20.49. The 52-week high of the shares is $29.64 while the 52-week low is $15.23. According to the latest information available, the market cap of the company is $180 M.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Thomas Postek (director) purchased 10,000 shares at $17.43 per share price.Also, On Feb 26, 2016, Lee S Hillman (director) purchased 1,000 shares at $16.94 per share price.On Feb 23, 2016, Michael G Decata (CEO) purchased 1,000 shares at $16.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Lawson Products Inc. (Lawson) is a distributor of products and services the industrial commercial institutional and government maintenance repair and operations (MRO) market. The Company’s product categories include fastening systems fluid power specialty chemicals cutting tools and abrasives electrical aftermarket automotive supplies safety welding and metal repair and other. The Company offers approximately 300000 different core products for sale of which approximately 50000 products are maintained in its distribution centers. The Company’s distribution centers are located in McCook Illinois; Suwanee Georgia; Fairfield New Jersey; Reno Nevada and in Mississauga Ontario Canada. The Company’s customers operate in a range of industries including automotive repair commercial vehicle maintenance government manufacturing food processing distribution construction oil and gas mining wholesale and service and others.

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