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Distribution Solutions Group, Inc. - $DSGR STOCK NEWS

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

Distribution Solutions Group, Inc. (DSGR) is a leading industrial distributor specializing in maintenance and repair supplies. Founded in 1952, the company operates through three major segments: Lawson, TestEquity, and Gexpro Services. The core of DSGR's business lies in delivering high-quality products and solutions that enhance the efficiency and productivity of its diverse clientele.

Lawson Products, a well-recognized segment within the group, focuses extensively on providing maintenance and repair supplies. Known for its personal approach and technical expertise, Lawson ensures that customers have the right parts at the right time to tackle their operational challenges. The company has been consistently listed among the 50 best companies to sell for by Selling Power Magazine and holds a prominent position in the Industrial Distribution's Big 50.

TestEquity, another key segment, is dedicated to distributing test and measurement equipment, electronic production supplies, and comprehensive tool kits. This segment serves a broad range of industries including technology, aerospace, defense, automotive, electronics, education, and medical. TestEquity stands out by providing critical solutions and products that support technical and operational excellence.

Gexpro Services further broadens DSGR's portfolio. This segment offers supply chain services and specialized inventory management to a spectrum of industries, ensuring efficient and reliable supply chain operations. Gexpro Services is instrumental in optimizing parts availability and reducing downtime for its customers.

DSGR has demonstrated robust financial health and continues to forge strategic partnerships to expand its market presence. Its commitment to operational excellence and customer satisfaction makes it a pivotal player in the industrial distribution sector.

For more detailed information about Distribution Solutions Group, Inc., visit their official website at www.lawsonproducts.com.

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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.
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Distribution Solutions Group, Inc. to participate in upcoming conferences
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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.
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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.
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Distribution Solutions Group (DSGR) to host Investor Day on September 28, 2023, showcasing growth strategies and capital deployment priorities.
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DSG increases authorized shares and announces stock split.
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DSGR management to present at Jefferies Industrial Conference on September 6, 2023.
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Distribution Solutions Group, Inc. (Nasdaq: DSGR) has announced a two-for-one stock split of its common stock. Each stockholder of record as of August 25, 2023, will receive one additional share for each share held. The split-adjusted basis will result in 46,699,470 shares outstanding. The shares will begin trading on a split-adjusted basis on September 1, 2023.
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FAQ

What is Distribution Solutions Group, Inc. known for?

DSGR is known for being a leading distributor of maintenance and repair supplies, operating through its segments Lawson, TestEquity, and Gexpro Services.

What industries does TestEquity serve?

TestEquity serves the technology, aerospace, defense, automotive, electronics, education, and medical industries.

When was Distribution Solutions Group, Inc. founded?

Distribution Solutions Group, Inc. was founded in 1952.

What recognition has Lawson Products achieved?

Lawson Products has been consistently listed among the 50 best companies to sell for by Selling Power Magazine and is ranked in the Industrial Distribution's Big 50.

What type of products does Gexpro Services offer?

Gexpro Services offers supply chain services and specialized inventory management, focusing on optimizing parts availability and reducing downtime.

Where can I learn more about Distribution Solutions Group, Inc.?

You can learn more about Distribution Solutions Group, Inc. by visiting their official website at www.lawsonproducts.com.

What is the stock symbol for Distribution Solutions Group, Inc.?

The stock symbol for Distribution Solutions Group, Inc. is DSGR.

Which segment of DSGR generates the most revenue?

The TestEquity segment derives the key revenue for Distribution Solutions Group, Inc.

Distribution Solutions Group, Inc.

Nasdaq:DSGR

DSGR Rankings

DSGR Stock Data

1.42B
45.92M
1.27%
91.74%
0.4%
Industrial Machinery and Equipment Merchant Wholesalers
Wholesale Trade
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United States of America
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