|Over a week ago|
Lawson Products price target raised to $53 from $50 at Barrington » 10:4411/0211/02/20
Barrington analyst Kevin…
Barrington analyst Kevin Steinke raised the firm's price target on Lawson Products to $53 from $50 and reiterates an Outperform rating on the shares. The company' "solid" Q3 results showed sequential improvement, Steinke tells investors in a research note.
Lawson Products reports Q3 adj. EPS 62c, two estimates 55c » 07:4010/2910/29/20
Reports Q3 revenue…
Reports Q3 revenue $90.27M, consensus $87.07M.
|Over a month ago|
Lawson Products acquires Partsmaster for $35.3M » 08:0309/0109/01/20
Lawson Products said in a…
Lawson Products said in a release, "Lawson Products announced the acquisition of Partsmaster, a maintenance, repair and operations, or MRO, solutions provider with annual sales of approximately $63 million. Partsmaster serves 16,000 customers with over 200 sales representatives principally through a distribution center located in Greenville, Texas. The Company will pay approximately $35.3 million plus the assumption of certain liabilities. Lawson paid $2.3 million of the purchase price at closing and will pay the remaining $33 million in May 2021. Lawson will satisfy the deferred portion of the purchase price with cash on hand and, to the extent necessary, any remaining portion using its existing $100 million committed credit facility. Excluding integration costs, Lawson expects the acquisition to be accretive starting in fiscal 2021 and expanding further into 2022 as it becomes fully integrated."
|Over a quarter ago|
Lawson Products management to meet virtually with KeyBanc » 08:1806/1106/11/20
Virtual Meeting to be…
Virtual Meeting to be held on June 11 hosted by KeyBanc.
Lawson Products price target lowered to $44 from $52 at Barrington » 08:0705/0405/04/20
Barrington analyst Kevin…
Barrington analyst Kevin Steinke lowered the firm's price target on Lawson Products to $44 from $52 and keeps an Outperform rating on the shares following the company's Q1 results. The company's sales weakened further in April due to shutdowns and reduced business activity at many customers due to the pandemic, Steinke tells investors in a research note. The analyst, however, expects a sales rebound in 2021 after a COVID-driven slowdown.
Lawson Products reports Q1 adj. EPS 52c, two estimates 49c » 07:4604/3004/30/20
Reports Q1 revenue…
Reports Q1 revenue $91.04M, two estimates $93.62M. "During this challenging coronavirus period, Lawson is focused on the safety of our team members, servicing our customers and maintaining our financial strength. Lawson has been deemed an essential business by the government. Our field sales team and distribution network continue to operate while following a strict health protocol. I am confident that the strength and dedication of our team and suppliers, coupled with our financial strength, will see us through this environment," said Michael DeCata, president and CEO.