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. reports developments as a specialty distribution company serving maintenance, repair and operations, original equipment manufacturer and industrial technology markets. Its businesses include Lawson, TestEquity, Gexpro Services and the Canada Branch Division, with offerings that include specialty MRO products, test and measurement equipment, industrial and electronic production supplies, vendor managed inventory programs and supply chain solutions.
Company news commonly covers consolidated results, organic sales trends, profitability, cash flow, liquidity, acquisitions and financing activity. Updates also include completed expansion moves such as Eastern Valve & Control Specialties in Atlantic Canada, credit-facility amendments, share repurchase authorizations, governance matters and management roles tied to M&A and strategy.
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.
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