DSG Q3 revenue up 26% to $439M but organic sales down 4.2%; net loss $0.03/share

Distribution Solutions Group, Inc.

2023-Q3 EPS reported $0.17 revenue$1,165,163,000

Revenue $438.9M (+26.4% YoY) includes $106.3M from acquisitions; organic revenue fell 4.2%.
GAAP operating income $12.8M vs $22.0M a year ago; adjusted EBITDA grew 26% to $43.7M.
Diluted GAAP loss per share $0.03 vs income $0.42; adjusted EPS $0.17 vs $0.32.
TestEquity segment revenue $207.7M but operating loss $5.0M; Hisco acquisition pressure.
Cash from operations $47M in Q3; net debt leverage 2.9x; $80.5M 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 the third quarter ended September 30, 2023 results: revenue $438.9 million, EPS $0.17.

Period: the third quarter ended September 30, 2023
Revenue: $438.9 million
EPS: $0.17
Result: reported results

Exact text from the filing

by an earnings presentation at https://investor.distributionsolutionsgroup.com/news/events . Third Quarter 2023 Summary (1) • Total revenue increased $91.8 million, or 26.4%, to $438.9 million which included $106.3 million of revenue from 2022 and 2023 acquisitions. Consolidated organic revenue declined 4.2% for the quarter, primarily driven by softness in the

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Source: SEC EDGAR

accession 0000703604-23-000084

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