Every 10-Q that DISTRIBUTION SOLUTIONS GROUP INC (DSGR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DSGR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DSGR filings page.
Distribution Solutions Group, Inc. reported second-quarter 2026 revenue of $557.7 million, up from $502.4 million a year earlier. Net income rose to $8.5 million versus $5.0 million, with diluted EPS of $0.18 compared with $0.11. For the first six months, revenue was $1.05 billion and net income $8.9 million.
TestEquity drove growth with Q2 revenue of $229.0 million (up 17.4%) and Adjusted EBITDA of $20.0 million, while Lawson’s gross margin narrowed to 51.3%. Operating cash flow for the half-year was $1.6 million as receivables and inventories increased, and total debt reached $733.8 million. DSG completed the $16.5 million Eastern Valve acquisition and agreed to a go‑private merger at $35.00 per share with affiliates of LKCM Headwater and CEO J. Bryan King, subject to majority and majority‑of‑the‑minority stockholder approvals and antitrust clearance.
Distribution Solutions Group reported modestly higher sales but sharply lower profit for the quarter ended March 31, 2026. Revenue rose to $495.995 million from $478.029 million, driven mainly by organic growth at TestEquity and Lawson, while Gexpro Services and Canada Branch Division were roughly flat.
Higher costs compressed margins: gross margin slipped to 32.9%, and operating income fell to $13.630 million from $20.097 million. Net income dropped to $0.382 million (basic and diluted EPS of $0.01) compared with $3.261 million ($0.07 per share) a year earlier.
Adjusted EBITDA declined to $37.833 million from $42.786 million. Cash flow from operations was negative $20.359 million, reflecting working capital investment, while the company spent $16.241 million net on the Eastern Valve acquisition and ended the quarter with $52.729 million in cash and $736.602 million of total debt.
DSG expanded in Canada by acquiring Eastern Valve & Control Specialties, adding $770 thousand of revenue and $106 thousand of net income for the partial period. A related-party group led by LKCM, which already owns about 78.7% of the stock, submitted a preliminary, non-binding proposal to acquire the remaining shares for $29.50 per share in cash, and a special committee is evaluating the offer.
Distribution Solutions Group (DSGR) reported Q3 2025 results. Revenue rose to $517.958 million from $468.019 million, with gross profit of $170.326 million. Operating income increased to $23.619 million. Net income was $6.452 million and diluted EPS was $0.14.
For the first nine months, revenue reached $1.498 billion versus $1.324 billion, operating income was $70.542 million, and diluted EPS was $0.31. Interest expense totaled $42.408 million year‑to‑date.
Cash from operating activities was $66.906 million year‑to‑date, with cash and equivalents of $69.214 million at quarter‑end. Total debt was $711.639 million (long‑term portion $665.539 million), and revolving availability was $252.7 million. The company repurchased 653,213 shares for $20.0 million year‑to‑date. Shares outstanding were 46,227,784 as of October 24, 2025.
Distribution Solutions Group (NASDAQ: DSGR) delivered solid top-line and margin expansion in Q2 2025. Revenue rose 14.3% YoY to $502.4 million, propelled by recent acquisitions and stronger U.S. and Canadian demand. Operating income jumped 89% to $26.8 million, lifting the operating margin to 5.3% (vs. 3.2%). Net income reached $5.0 million ($0.11 diluted EPS) versus $1.9 million ($0.04) last year despite a 12% rise in interest expense.
Year-to-date, revenue is up 14.6% to $980.5 million and the company swung to an $8.3 million profit from a $3.3 million loss. Operating cash flow was $28.5 million, supporting $20.0 million of share repurchases. Cash stood at $47.4 million and total debt at $720.6 million, yielding net leverage of ≈1.1× equity. Goodwill and intangibles represent $718 million (41% of assets), underscoring acquisition-driven growth. Management continues to integrate 2024 acquisitions (Source Atlantic, S&S Automotive, others) and realigned segments, now reporting Lawson, TestEquity, Gexpro Services and Canada Branch Division. Guidance was not provided.