Acquisition Leads Lawson Products Sales

Lawson Products, Inc. had net sales of $98.1 million for the fourth quarter of 2020, an increase of 10.8 per cent compared to net sales of $88.6 million in the fourth quarter of 2019. The increase was primarily due to the acquisition of Partsmaster in the third quarter. Gross profit increased $5.3 million to $52.1 million from $46.8 million last year and improved to 53.1 per cent of sales compared to 52.9 per cent in the year-ago quarter. Net income was $200,000 compared to a net loss of $3 million last year.