secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000703604-24-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000077/0000703604-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000070360424000077/laws-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000703604-24-000077

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