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Distribution Solutions Group Inc - DSGR STOCK NEWS

Welcome to our dedicated news page for Distribution Solutions Group (Ticker: DSGR), a resource for investors and traders seeking the latest updates and insights on Distribution Solutions Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Distribution Solutions Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Distribution Solutions Group's position in the market.

News
Distribution Solutions Group Announces Timing for First Quarter 2024 Results and Conference Call
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ: DSGR) announces the timing for its first-quarter 2024 results and conference call, scheduled for May 2, 2024. The company will report pre-market and host a conference call at 9:00 a.m. Eastern Time. Investors can access the call via phone or webcast, with replay options available for both.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
earnings
-
News
Distribution Solutions Group Announces 2023 Full Year and Fourth Quarter Results
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ:DSGR) reported a successful 2023 with revenue reaching $1.6 billion, up 36%, and generating $102 million in operating cash. The company expanded through acquisitions and organic growth, ending with $157 million in adjusted EBITDA, up 28%. Despite some end markets facing challenges, the company remains optimistic about future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.52%
Tags
earnings
-
News
Distribution Solutions Group Announces Timing for Fiscal Year 2023 and Fourth Quarter Results and Conference Call
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ: DSGR) will report fiscal year 2023 and fourth-quarter results on March 7, 2024. The Company will host a conference call with prepared remarks at 9:00 a.m. Eastern Time. Investors can access the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
earnings
News
Distribution Solutions Group to Participate in the Gabelli Funds 34th Annual Pump, Valve, and Water Symposium on February 22nd
Rhea-AI Summary
Distribution Solutions Group, Inc. (DSGR) is set to participate in the Gabelli Funds 34th Annual Pump, Valve, & Water Symposium on February 22, 2024. The event will take place at The Yale Club, New York, NY. Management's participation signifies the company's commitment to engaging with industry stakeholders and potential investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
conferences
-
News
Distribution Solutions Group’s Operating Company, Lawson Products, Announces Strategic Acquisition
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ:DSGR) announces the acquisition of Safety Supply Illinois LLC, DBA Emergent Safety Supply (ESS), a national distributor of safety products based near Chicago. The acquisition is expected to accelerate Lawson Products' safety product expansion plans, expanding its safety product offering by over four times and strengthening its technical expertise. ESS generates annual sales of approximately $13 million and is expected to be accretive to DSG’s adjusted EBITDA margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
acquisition
-
News
Distribution Solutions Group Announces New Authorization of the Share Repurchase Program
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ:DSGR) announced a $25 million common share repurchase authorization, in addition to $4.0 million available under previous authorizations. The company has repurchased $3.6 million of its common stock during fiscal year 2023. CEO Bryan King expressed confidence in the company's strategic plan, highlighting solid free cash flow generation, flexibility, and liquidity to invest in growth, pay down debt, and repurchase stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
Tags
buyback
News
Distribution Solutions Group Announces Fiscal 2023 Third Quarter Results
Rhea-AI Summary
Distribution Solutions Group (NASDAQ:DSGR) reported strong cash flows in Q3 2023, with total revenue increasing by $91.8 million (26.4%) to $438.9 million. However, consolidated organic revenue declined by 4.2% due to softness in the Industrial Technologies vertical. Operating income was $12.8 million, reflecting higher intangible amortization and non-recurring items. Adjusted EBITDA grew 26% to $43.7 million, with a margin of 10.0%. Diluted loss per share was $0.03 compared to diluted income per share of $0.42 in the year-ago quarter. The company generated $47 million of cash flows from operations and ended the quarter with $80.5 million of unrestricted cash on hand and $198.3 million of availability under its credit facility. Net debt leverage was 2.9x as of the end of the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.94%
Tags
earnings
-
News
Distribution Solutions Group to Participate in Two Conferences: Baird’s Global Industrial Conference; Stephens Annual Investment Conference
Rhea-AI Summary
Distribution Solutions Group, Inc. to participate in upcoming conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
conferences
-
News
Distribution Solutions Group Announces Timing for Third Quarter 2023 Results and Conference Call
Rhea-AI Summary
Distribution Solutions Group, Inc. (NASDAQ: DSGR) will report Q3 2023 results on November 2, 2023. Conference call with prepared remarks at 9:00 a.m. ET. Replay available until November 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
earnings
News
Distribution Solutions Group to Host Investor Day on September 28, 2023
Rhea-AI Summary
Distribution Solutions Group, Inc. will host an Investor Day on September 28, 2023, presenting its long-term vision, growth strategies, and capital deployment priorities. The event will showcase specialty distribution products and provide insights into revenue growth, profitability improvement, and cash flow generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
conferences
Stock DSGR logo
Distribution Solutions Group Inc

Nasdaq:DSGR

DSGR Rankings

#2062 Ranked by Market Cap
#135 Ranked by Stock Gains
N/A Ranked by Dividends

DSGR Stock Data

1.59B
45.92M
1.27%
91.74%
0.4%
Industrial Machinery and Equipment Merchant Wholesalers
Wholesale Trade
Link
US
Chicago

About DSGR

founded in 1952, lawson products (nasdaq:laws), is an industrial distributor of maintenance and repair supplies, committed to helping customers resolve the challenges of their operations long term. through a personal approach and technical know-how, we focus on making sure the right parts are always there to handle the job — so customers can be more productive and efficient. lawson products is consistently recognized as one of the 50 best companies to sell for by selling power magazine and is ranked among industrial distribution's big 50. visit our website at www.lawsonproducts.com to learn more about the products and solutions we offer.