DISTRIBUTION SOLUTIONS GROUP INC - DSGR STOCK NEWS

Distribution Solutions Group (DSGR) reported its 2024 Q2 results, showing significant growth. Revenue increased by 16.3% YoY to $439.5 million, driven by recent acquisitions, despite a 5.7% decline in organic sales. Sequentially, organic sales rose by 3.8%. Operating income was $14.2 million, up from $13.8 million YoY. Adjusted operating income grew 11.3% to $38.9 million. Non-GAAP adjusted EBITDA was $45.2 million, a 25.3% sequential improvement.

Diluted EPS declined to $0.04 from $0.07 YoY, while non-GAAP adjusted diluted EPS was $0.40, down from $0.42 YoY but up from $0.25 QoQ. The company ended Q2 with $209.9 million in liquidity and a net debt leverage of 3.2x. CEO Bryan King highlighted the strategic acquisitions, including Source Atlantic, anticipated to close in Q3, enhancing DSG’s market presence in Canada.

Distribution Solutions Group (NASDAQ: DSGR) has announced it will report its Q2 2024 results on Thursday, August 1, 2024, before the market opens. 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, with replay options available. DSG is a multi-platform specialty distribution company serving the MRO, OEM, and industrial technologies markets. It was formed through the combination of Lawson Products, Gexpro Services, and TestEquity. The company serves approximately 180,000 customers across diverse end markets, supported by 3,700 employees and strong vendor partnerships.

Distribution Solutions Group (DSGR) announced that its subsidiary, Lawson Products Canada, signed an agreement to acquire Source Atlantic The transaction, expected to close in Q3 2024, will expand DSG's footprint in the Canadian MRO market. Source Atlantic, based in Saint John, New Brunswick, generated CAD$250 million in sales last year. The acquisition will combine Source Atlantic’s Eastern Canadian operations with Bolt Supply’s Western presence, enhancing DSG’s market position in North America. The deal will be funded through DSG's cash and credit facility and is expected to be immediately accretive to adjusted EPS.

Distribution Solutions Group (NASDAQ: DSGR) will participate in the 14th Annual East Coast IDEAS Conference on June 12, 2024, at the Jay Conference Center in New York City. The company will conduct 1x1 investor meetings throughout the day and present from 11:30 a.m. to 12:05 p.m. ET, with the presentation webcasted on their website's IR section. DSG, formed through the merger of Lawson Products, Gexpro Services, and TestEquity, offers specialized distribution solutions to various sectors like MRO, OEM, and industrial technologies. Serving approximately 180,000 customers globally, DSG aims to enhance productivity and efficiency with expert technical support and reliable delivery.

Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced their participation in two upcoming conferences, the 18th Annual Barrington Research Virtual Spring Investment Conference on May 16, 2024, and the KeyBanc Capital Markets Industrials & Basic Materials Conference on May 30, 2024.

The company aims to provide high-touch, value-added distribution solutions to various markets, serving around 180,000 customers globally with a workforce of 3,700 employees. DSG ships products from distribution centers worldwide to increase productivity and efficiency for their customers.

Distribution Solutions Group, Inc. (NASDAQ:DSGR) reported a 19.5% increase in first-quarter revenue to $416 million, driven by acquisitions. The company's organic sales were soft, but two-year stacked organic revenues grew by 4.7%. Adjusted EBITDA margin improved to 8.7%, and the company remains focused on inorganic growth through acquisitions.

Distribution Solutions Group, Inc. (NASDAQ:DSGR) announced the acquisition of S&S Automotive, enhancing Lawson Products' position in the automotive repair parts market. The acquisition combines the strengths of both companies to offer a wider range of auto-related supplies and services to dealerships and collision repair centers. With annual revenues of approximately $40 million, S&S Automotive is expected to be accretive to DSG's adjusted EPS and EBITDA margins. The acquisition reflects DSG's strategic vision of becoming a leading multi-platform specialty distribution company dedicated to serving diverse end markets.