other material
confidence high
sentiment positive
materiality 0.60
DSGR amends 8-K to include Hisco audited FY2022 sales of $403.7M, net income $10.9M
Distribution Solutions Group, Inc.
- Hisco FY2022 revenue $403.7M (up 14.4% YoY from $352.9M); net income $10.9M vs $15.1M in FY2021.
- Hisco FY2022 total assets $176.0M, including goodwill $25.6M; operating income $12.2M.
- Pro forma combined financial information for year ended Dec 31, 2022 filed in Exhibit 99.3.
- Audited financials cover fiscal years ended Oct 31, 2022 and 2021; acquisition closed June 8, 2023.