---
schema_version: "secwatch.filing_event.v1"
accession: "0000703604-23-000084"
form_type: "8-K"
ticker: "DSGR"
cik: "0000703604"
company_name: "Distribution Solutions Group, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:17:58.170762+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000703604-23-000084
- form_type: 8-K
- ticker: DSGR
- cik: 0000703604
- company_name: Distribution Solutions Group, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/703604/000070360423000084/0000703604-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/703604/000070360423000084/laws-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000703604-23-000084
- JSON: https://secwatch.observer/filing/0000703604-23-000084.json
- Plain text: https://secwatch.observer/filing/0000703604-23-000084.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/703604/000070360423000084/0000703604-23-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.