DSGR reports Q4 organic revenue down 6.4%; FY2023 revenue $1.57B, adj. EBITDA $157M

Distribution Solutions Group, Inc.

Full-year 2023 revenue $1.57B, up 36.4% YoY; pro forma revenue up 23.7%; organic growth 2.9%.
Q4 revenue $405.2M, up 23% YoY; organic sales fell 6.4% but two-year stacked up 10%.
Full-year adjusted EBITDA $157.0M (10.0% margin) vs $123.0M in 2022; Q4 adjusted EBITDA $33.9M vs $34.0M year ago.
GAAP diluted loss per share $0.20 for FY2023 vs EPS $0.21 prior; Q4 diluted loss $0.35 vs loss $0.05. Non-GAAP adj. EPS $1.42 vs $1.47.
Board increased share repurchase program by $25M; $29.0M remaining. Company generated $102M operating cash flow.

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 Q4 2023 results: revenue $405.2 million.

Period: Q4 2023
Revenue: $405.2 million
Result: reported results

Exact text from the filing

Revenue increased $76.4 million, or 23.2%, to $405.2 million which includes $97.3 million of incremental revenue from 2022 and 2023 acquisitions.

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Distribution Solutions Group, Inc. filing history →

Source: SEC EDGAR

accession 0000703604-24-000020

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