DISTRIBUTION SOLUTIONS GROUP INC Stock Price, News & Analysis

Distribution Solutions Group (DSGR) announced the acquisition of Instrumex, a German provider of reconditioned test equipment. This strategic move aims to enhance TestEquity's capabilities in the European market. The acquisition is expected to generate over $6 million in annual sales and $1 million in adjusted EBITDA. Funding comes from DSGR’s existing credit facility, underscoring its commitment to growth through strategic investments. CEO Russ Frazee emphasized the deal's potential to improve earnings and expand market presence.

Distribution Solutions Group, Inc. (NASDAQ: DSGR) has appointed Robert S. Zamarripa to its Board of Directors. Zamarripa, a seasoned leader in specialty distribution with extensive experience in MRO and supply chain, previously founded OneSource Distributors. His addition aims to enhance DSGR's strategic initiatives. CEO Bryan King highlighted Zamarripa's industry knowledge as key to driving the company's growth. DSGR focuses on value-added distribution solutions, serving over 120,000 customers worldwide.

Distribution Solutions Group (NASDAQ:DSGR) reported impressive third-quarter results, with GAAP net sales reaching $347.2 million, a remarkable increase of 162.8% year-over-year. The company achieved organic sales growth of 15.4%, contributing to a non-GAAP adjusted EBITDA of $34.7 million, representing 10.0% of adjusted net sales. Operating income surged by 301.1% to $22.0 million, while earnings per diluted share climbed to $0.84 from $0.12. The Board has approved an increase in the share repurchase program to $12.5 million, reflecting confidence in the company’s growth trajectory.

Distribution Solutions Group (NASDAQ: DSGR) will announce its third quarter 2022 results on November 3, 2022, pre-market. A conference call will follow at 9:00 a.m. Eastern Time, with slides accessible on the investor relations page. DSG, formed from Lawson Products, Gexpro Services, and TestEquity, specializes in providing distribution solutions in MRO, OEM, and industrial technologies. The company helps over 120,000 customers globally with more than 3,000 employees.

Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced presentations at two significant conferences: The Baird 52nd Annual Global Industrial Conference on November 8 at 4:40 p.m. CT and the 14th Annual Southwest IDEAS Conference on November 16 at 8:00 a.m. CT. Management, including J. Bryan King and Ronald Knutson, will be available for one-on-one meetings on both dates.

DSG provides high-touch distribution solutions across various markets, serving over 120,000 customers globally with strategic distribution centers.

Distribution Solutions Group (NASDAQ:DSGR) announced its participation in the Midwest IDEAS Investor Conference on August 25, 2022, at 2:15 p.m. CT in Chicago. The presentation will be accessible via webcast on the conference and company websites. The IDEAS Conference aims to connect quality companies with investment professionals, contrasting with traditional bank-sponsored events. DSG, a leading specialty distributor in MRO and OEM markets, focuses on enhancing operational efficiency for over 120,000 customers globally through its comprehensive distribution solutions.

Distribution Solutions Group (NASDAQ:DSGR) reported strong financial results for Q2 2022, marking its first reporting period following the merger of Lawson Products, Gexpro Services, and TestEquity. Net sales surged by 139.5% to $321.3 million, bolstered by organic growth of 11.8% and acquisitions. Adjusted EBITDA rose to $31.7 million or 9.9% of sales. However, the company faced a diluted loss per share of $0.23. DSG ended the quarter with $17.9 million in cash and $85.9 million available under its credit facility, highlighting its liquidity position amidst merger-related costs.

Distribution Solutions Group (NASDAQ: DSGR) announced it will report its Q2 2022 financial results on August 9, 2022, before the market opens. A conference call is scheduled for 9:00 a.m. Eastern Time to discuss the results. Investors can access supplemental slides for more insights on the Company’s investor relations page. DSGR focuses on specialty distribution solutions in the MRO, OEM, and industrial technology markets, servicing over 120,000 customers globally with more than 3,000 employees.

Distribution Solutions Group (DSGR) announced the acquisition of National Test Equipment for approximately $7.8 million. This strategic move enhances DSGR's capabilities in the test and measurement market, aiming to boost annual sales over $9 million and generate adjusted EBITDA exceeding $1.4 million. CEO Russ Frazee highlighted the partnership's potential to accelerate service delivery and expand customer reach, while CFO Scott Schlumpberger noted expected synergies and increased cash flow.