DSGR Q1: revenue $416M (+19.5%), GAAP loss $0.11/sh, adj EBITDA margin 8.7%; acquires S&S Automotive

Distribution Solutions Group, Inc.

2024-Q1 EPS reported -$0.11 revenue$416,086,000

Revenue $416.1M (+19.5% YoY); organic down 8.6% but two-year stacked up 4.7%.
GAAP diluted EPS loss of $0.11 (vs. $0.14 income); adjusted diluted EPS $0.25 (vs. $0.42).
Adjusted EBITDA $36.1M (8.7% margin) vs. $39.4M (11.3%) a year ago; sequential margin up 30 bps.
Acquired Emergent Safety Supply in Q1; post-quarter S&S Automotive (~$40M annual rev) expands safety and automotive.
Ended Q1 with $283.9M liquidity, net debt leverage 3.0x.

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 first quarter ended March 31, 2024 results: revenue $416,086, EPS $(0.11) per share.

Period: first quarter ended March 31, 2024
Revenue: $416,086
EPS: $(0.11) per share
Result: reported results

Exact text from the filing

the reconciliations of GAAP to non-GAAP measures in Tables 2, 3 and 4. Three Months Ended March 31, December 31, (Dollars in thousands) 2024 2023 % Change 2023 % Change Revenue $ 416,086 $ 348,270 19.5 % $ 405,239 2.7 % Operating income (loss) $ 2,783 $ 16,721 (83.4) % $ (289) N/A Non-GAAP adjusted operating income $ 29,761 $ 32,783 (9.2) % $ 28,006 6.3 % Non-GAAP

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Source: SEC EDGAR

accession 0000703604-24-000059

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