Lawson Products Inc. (LAWS) said that its first-quarter net income declined to $3.6 million or $0.39 per share from $12.5 million, or $1.34 per share for the year ago quarter.
Adjusted net income was $5.4 million or $0.58 per share compared to $4.8 million or $0.52 per share a year ago.
Net sales in the first quarter of 2021 were $103.6 million, an increase of 13.8% compared to $91.0 million in sales in the first quarter 2020.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.