M&A
confidence high
sentiment neutral
materiality 0.55
DSGR provides Hisco FY2022 audited financials: $403.7M sales, $7.8M net income, $156.6M assets
Distribution Solutions Group, Inc.
- Hisco FY2022 net sales $403.7M, net income $7.8M; FY2021 net sales $352.9M, net income $12.2M (incl $7.7M PPP gain).
- DSGR files Hisco audited financials (Ex-99.1) and unaudited pro forma combined statements (Ex-99.2) for subscription rights offering.
- Acquisition of Hisco by DSGR previously announced March 31, 2023; deal value not specified in filing.
- Hisco FY2022 total assets $156.6M, stockholders' equity $89.7M.