earnings
confidence high
sentiment positive
materiality 0.70
DSG reports Q2 2022 net sales $321.3M; organic growth 11.8%; adjusted EBITDA $31.7M
Distribution Solutions Group, Inc.
2022-Q2 EPS reported
-$0.47
revenue$475,421,000
- GAAP net sales $321.3M (+139.5% YoY); organic growth 11.8%; adjusted EBITDA $31.7M (9.9% of sales).
- Diluted GAAP loss per share $0.23; non-GAAP diluted EPS $0.36 vs $0.10 in prior year quarter.
- Completed two accretive acquisitions with ~$119M combined annual revenues; expected annual adjusted EBITDA >$10M.
- Segment adjusted EBITDA: Lawson $9.4M, Gexpro $11.9M, TestEquity $8.6M, Other $1.7M.
- Cash $17.9M + $85.9M availability under credit facility at quarter end.