secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000703604-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000063/0000703604-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000063/laws-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000703604-23-000063

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