DSG Q2 revenue up 17.6% to $378M; adj. EBITDA +26.7% to $40.1M

Distribution Solutions Group, Inc.

2023-Q2 EPS reported $0.41 revenue$726,254,000

GAAP operating income tripled to $13.8M (3.6% of revenue) vs $4.1M (1.3%) YoY.
Diluted EPS of $0.14 vs loss of $0.23; non-GAAP adj. diluted EPS $0.52 vs $0.36.
Hisco acquisition closed June 8 for $270.4M net cash; contributed ~$28M sales to TestEquity.
Segment adj. EBITDA margins: Lawson 13.5%, Gexpro 12.1%, TestEquity 7.0%, All Other 9.6%.
Ended quarter with $189.6M credit availability and $44.2M cash on hand.

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 second quarter ended June 30, 2023 results: revenue $378.0 million, EPS $0.14.

Period: second quarter ended June 30, 2023
Revenue: $378.0 million
EPS: $0.14
Result: reported results

Exact text from the filing

• GAAP revenue was $378.0 million, an increase of $56.6 million or 17.6%, which included $43.4 million of additional revenue from companies acquired in 2022 and 2023 other than Lawson Products. 1 • GAAP operating income increased by $9.7 million from the prior year period to $13.8 million representing 3.6% of GAAP revenue. Adjusted EBITDA increased 26.7% from the prior year period to $40.1 million or 10.6% of revenue. • Diluted income per share was $0.14 for the quarter compared to a diluted loss per share of $0.23 in the year-ago quarter.

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Source: SEC EDGAR

accession 0000703604-23-000063

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