Lasco Distributors hit a record of $20 billion sales in 12 months for 2021
The company’s profits are also back up, to over $900 million. Profits fell over the last 2 years below $600m in 2019. Good to see the results coming back up consistently
![](https://i0.wp.com/moneymax101.com/wp-content/uploads/2021/05/image-7-600x337.png?resize=600%2C337&ssl=1)
What’s amazing is the money they are making from the Pharmaceutical division
Look at this, Pharmaceutical sales are less than 20% of total sales. Right, less than 20% of $20 billion (that’s $3.7 billion) but contributes almost one-third of profits
There is about an 8% margin on pharmaceuticals vs a 3.6% margin on their consumer sales
One thing that needs to be addressed though is their receivables, the money outstanding to be collected. It’s a massive $2.5 billion. And on top of that they owe a good amount to Lasco Manufacturing as well