secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000703604-24-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000059/0000703604-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000059/laws-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000703604-24-000059

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