DSGR Q1 revenue up 28% adjusted, EPS $0.52 non-GAAP; announces $269M Hisco acquisition

Distribution Solutions Group, Inc.

2023-Q1 EPS reported $0.28 revenue$348,270,000

GAAP revenue $348.3M, up 126% YoY; adjusted revenue $348.3M, up 28.1% YoY.
Adjusted EBITDA $39.4M (11.3% of sales), up 73.6% YoY; diluted EPS $0.28, non-GAAP diluted EPS $0.52.
Organic revenue growth of 13.7% driven by strong performance across all segments.
Announced acquisition of Hisco for $269.1M cash (plus earn-out up to $12.6M); expected close Q2 2023.
Lawson Products segment adjusted revenue $125.3M, adjusted EBITDA margin 14.7% vs 7.7% prior year.

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 0.4

Distribution Solutions Group, Inc. reported first quarter ended March 31, 2023 results: revenue $348,270, EPS $0.28.

Period: first quarter ended March 31, 2023
Revenue: $348,270
EPS: $0.28
Result: reported results

Exact text from the filing

results (unaudited). See reconciliation of GAAP to non-GAAP measures in tables 2 and 3. Three Months Ended March 31, (Dollars in thousands) 2023 2022 % Change GAAP Revenue $ 348,270 $ 154,085 126.0 % Pre-Merger Revenue(1) — 117,877 N/M Adjusted Revenue 348,270 271,962 28.1 % GAAP Operating Income 16,721 2,988 N/M Pre-Merger Operating Income(1) — 12,076 N/M

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accession 0000703604-23-000045

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