Lawson Products, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales were $90,382,000 against $75,006,000 a year ago. Operating income was $5,554,000 against $7,891,000 a year ago. Income before income taxes was $4,513,000 against $7,610,000 a year ago. Net income was $3,194,000 against $7,273,000 a year ago. Diluted income per share of common stock was $0.35 against $0.80 a year ago. Adjusted non-GAAP EBITDA taking into account stock-based compensation, severance and the discontinued operations accrual was $7.7 million for the quarter compared to adjusted EBITDA of $4.5 million a year ago. CapEx for the quarter was $776,000.

For the six months, the company reported net sales were $155,367,000 against $149,623,000 a year ago. Operating income was $7,391,000 against $8,603,000 a year ago. Income before income taxes was $6,397,000 against $8,453,000 a year ago. Net income was $4,430,000 against $8,130,000 a year ago. Diluted income per share of common stock was $0.48 against $0.89 a year ago.

The company expects CapEx for the full year of 2018 to be in the range of $2.5 million to $3 million, down slightly from previous guidance of $2.5 million to $3.5 million. The company expects tax rate to be 31%.