secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000703604-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000045/0000703604-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000045/laws-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000703604-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer