earnings
confidence high
sentiment positive
materiality 0.75
DSG Q3 revenue up 6.6% to $468M; adj. EBITDA $49.1M, up 12.4% YoY
Distribution Solutions Group, Inc.
2024-Q3 EPS reported
$0.39
revenue$1,323,641,000
- Revenue $468.0M (+6.6% YoY); organic sales -2.1% YoY but +0.2% sequentially.
- Adjusted EBITDA $49.1M (10.5% margin) vs $43.7M (10.0%) YoY; diluted EPS $0.46 incl. $0.40 tax benefit.
- Lawson avg daily sales +1.4%, Gexpro Services +12.5%, TestEquity -7.4% in the quarter.
- Closed Source Atlantic acquisition; signed ConRes Test Equipment and TCR deals.
- Expanded credit facility by $255M; liquidity $328.0M; net debt leverage 3.7x.