DSG Q3 sales $347M, organic +15%; adjusted EBITDA $34.7M; share buyback raised to $12.5M

Distribution Solutions Group, Inc.

2022-Q3 EPS reported $0.53 revenue$822,572,000

GAAP net sales $347.2M (+162.8% YoY); adjusted net sales +46.1% to $347.2M.
Organic sales growth of 15.4% driven by price and volume; adjusted EBITDA $34.7M (10.0% of adjusted sales).
GAAP diluted EPS $0.84; non-GAAP diluted EPS $0.64, up from $0.25 in Q3 2021.
Board increased share repurchase authorization from $7.5M to $12.5M; $7.6M remaining.
Segment adjusted EBITDA margins: Lawson 8.8%, Gexpro 12.0%, TestEquity 8.7%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Distribution Solutions Group, Inc. reported the third quarter ended September 30, 2022 results: revenue $347,151, EPS $0.84.

Period: the third quarter ended September 30, 2022
Revenue: $347,151
EPS: $0.84
Result: reported results

Exact text from the filing

results (unaudited). See reconciliation of GAAP to non-GAAP measures in table 2. Three Months Ended September 30, (Dollars in thousands) 2022 2021 % Change GAAP Net Sales $ 347,151 $ 132,090 162.8 % Pre-Merger Sales(1) — 105,570 N/M Adjusted Net Sales 347,151 237,660 46.1 % GAAP Operating Income 22,027 5,491 301.1 % Pre-Merger Operating Income(1) — 4,620 N/M

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Source: SEC EDGAR

accession 0000703604-22-000081

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