secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000703604-23-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000084/0000703604-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360423000084/laws-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000703604-23-000084

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