Lawson Company profile
About Lawson Products, Inc.
Lawson Products, Inc. is a distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations (MRO) marketplace. The Company operates through two segments: Lawson and Bolt. Its Lawson segment distributes MRO products to customers primarily through a network of sales representatives offering vendor-managed inventory (VMI) service to customers throughout the United States and Canada. Its Bolt segment primarily delivers its MRO products to its customers through approximately 14 branches located in Alberta, Saskatchewan, Manitoba, and British Columbia, Canada. The Company's product category includes fastening systems, cutting tools and abrasives, fluid power, specialty chemicals, electrical, aftermarket automotive supplies, welding and metal repair, safety and other products. Its subsidiaries include Lawson Products Canada Inc. and The Bolt Supply House Ltd.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Lawson Products, Inc. revenues increased 19% to $417.7M. Net income decreased 38% to $9.4M. Revenues reflect Total Lawson segment increase of 19% to $371.7M, Bolt Supply segment increase of 19% to $46.1M, United States segment increase of 19% to $338M, Canada segment increase of 17% to $79.8M. Net income was offset by Total Lawson segment income decrease of 54% to $8.2M.
Equity composition
Common Stock $1 Par, 03/11, 35M auth., 8,534,028 issd. less 2,703 treas shares @ $70K.Insiders & stakeholders own 41.31%. Public Offering 10/81,500,000 shares @ $26 by Goldman,Sachs & Co.
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