DSG Q2 revenue up 16.3% to $439.5M, adjusted EBITDA $45.2M; announces Source Atlantic acquisition

Distribution Solutions Group, Inc.

2024-Q2 EPS reported -$0.07 revenue$855,622,000

GAAP diluted EPS $0.04 vs $0.07 YoY; adjusted diluted EPS $0.40 vs $0.42.
Adjusted EBITDA $45.2M (10.3% margin) up 12.7% YoY and 25.3% sequentially.
Organic sales declined 5.7% YoY but grew 3.8% sequentially from Q1.
Announced CAD $250M acquisition of Source Atlantic, expected to close in Q3 2024.
Completed S&S Automotive acquisition in May 2024; total liquidity $209.9M.

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