secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000703604-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000020/0000703604-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000020/laws-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000703604-24-000020

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