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DSG reports Q2 revenue up 11% to $557.7M; announces $35/share going-private merger with LKCM Headwater
Revenue $557.7M (+11% YoY), organic sales growth 10.2%; adjusted EBITDA $53.9M (9.7% margin).
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DSG to be taken private by LKCM Headwater affiliates for $35.00 per share in cash
Merger consideration of $35.00 per share in cash; company to become privately held and delisted from Nasdaq.
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Distribution Solutions Group holds 2026 annual meeting; all four proposals approved
All seven director nominees elected; I. Steven Edelson received 40,228,469 votes for, 2,608,034 withheld.
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DSGR Q1 revenue up 3.8% to $496M; adjusted EBITDA down 11.6% to $37.8M
Net income $0.4M, down 88.3% YoY; adjusted diluted EPS $0.24 vs $0.31 year ago.
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DSGR FY2025 revenue up 9.8% to $1.98B; Q4 adj. EBITDA down 21% to $35.4M
FY2025 GAAP net income of $8.3M vs loss of $7.3M; diluted EPS $0.18 vs ($0.16).
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DSG expands credit facility to $1.1B with $700M term loan and $400M revolver, maturity 2030
New $700M term loan and $400M revolver ($255M increase over prior revolver), maturity December 2030.
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DSGR adds $30M to buyback program; $32.9M now remaining
Board authorized $30M additional share repurchase, increasing total authorization to $67.5M.
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DSG Q3 revenue up 10.7% to $518M; organic daily sales +6%, adjusted EBITDA margin down 110bps
Revenue $518.0M, +10.7% YoY; organic daily sales +6.0% from acquisitions and growth.
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DSG Q2 revenue up 14.3% to $502.4M; adj. EBITDA $48.6M (9.7% of sales)
Diluted EPS $0.11 vs $0.04 YoY; operating income $26.8M, up 89.5% from $14.2M.
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Barry Litwin appointed CEO of TestEquity, DSGR subsidiary, effective July 14, 2025
Litwin succeeds Russ Frazee, who remains in advisory role to ensure smooth transition.
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DSGR annual meeting elects all directors, ratifies auditor, approves say-on-pay
All 7 director nominees elected; votes ranged from 40.9M (Moon) to 41.6M (Edelson). No withheld majority.
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Distribution Solutions Group Q1 revenue up 14.9% to $478M; adjusted EPS $0.31
Revenue $478M (+14.9% YoY); organic ADS +4.3%; includes $50.8M from 2024 acquisitions.
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DSGR amends credit pact to raise annual restricted payment limit to $25M
Fourth Amendment increases permitted Restricted Payments from $10M to $25M per fiscal year, effective Jan 1, 2025.
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DSGR Q4 revenue up 18.6% to $480.5M; organic sales up 3.5%; full-year adjusted EBITDA up 11.6% to $175.3M
Q4 revenue $480.5M (+18.6% YoY, organic +3.5%); diluted loss per share $0.55 vs $0.35 loss a year ago.
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DSG Q3 revenue up 6.6% to $468M; adj. EBITDA $49.1M, up 12.4% YoY
Revenue $468.0M (+6.6% YoY); organic sales -2.1% YoY but +0.2% sequentially.
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DSG closes Source Atlantic acquisition; credit line expanded to $1.06B
Acquisition of Source Atlantic Limited closed August 14, 2024; funded by senior secured credit facility.
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DSG Q2 revenue up 16.3% to $439.5M, adjusted EBITDA $45.2M; announces Source Atlantic acquisition
GAAP diluted EPS $0.04 vs $0.07 YoY; adjusted diluted EPS $0.40 vs $0.42.
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Shareholders elect all director nominees, ratify auditor, approve say-on-pay
All seven director nominees elected with >93% votes 'For' each.
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DSGR Q1: revenue $416M (+19.5%), GAAP loss $0.11/sh, adj EBITDA margin 8.7%; acquires S&S Automotive
Revenue $416.1M (+19.5% YoY); organic down 8.6% but two-year stacked up 4.7%.
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Director Andrew B. Albert to retire from Distribution Solutions Group board at 2024 annual meeting
Andrew B. Albert notified board he will not stand for reelection at May 23, 2024 annual meeting.
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DSGR reports Q4 organic revenue down 6.4%; FY2023 revenue $1.57B, adj. EBITDA $157M
Full-year 2023 revenue $1.57B, up 36.4% YoY; pro forma revenue up 23.7%; organic growth 2.9%.
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DSG subsidiary Lawson Products acquires Emergent Safety Supply; $13M sales accretive to margins
Lawson Products, a DSG subsidiary, acquired Safety Supply Illinois (dba Emergent Safety Supply) for an undisclosed amount.
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DSG Q3 revenue up 26% to $439M but organic sales down 4.2%; net loss $0.03/share
Revenue $438.9M (+26.4% YoY) includes $106.3M from acquisitions; organic revenue fell 4.2%.
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DSG announces Investor Day on Sept 28; management to present growth strategies
Investor Day scheduled for Thursday, September 28, 2023 at City Club of Fort Worth.
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Distribution Solutions Group completes 2-for-1 stock split; authorized shares doubled to 70M
Stock split effective after market close on Aug 31, 2023; split-adjusted trading begins Sept 1, 2023.
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DSGR amends 8-K to include Hisco audited FY2022 sales of $403.7M, net income $10.9M
Hisco FY2022 revenue $403.7M (up 14.4% YoY from $352.9M); net income $10.9M vs $15.1M in FY2021.
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DSGR board adopts annual Say-on-Pay votes through 2029 meeting
Shareholders voted 19.5M for annual, 28k for two-year, 341k for three-year; board chose annual.
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Distribution Solutions Group announces 2-for-1 stock split, record date Aug 25
Record date: Aug 25, 2023; distribution after close Aug 31, 2023; split-adjusted trading starts Sep 1.
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DSG Q2 revenue up 17.6% to $378M; adj. EBITDA +26.7% to $40.1M
GAAP operating income tripled to $13.8M (3.6% of revenue) vs $4.1M (1.3%) YoY.
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DSG completes $269.1M acquisition of Hisco; funded via credit facility and equity offering
Paid $269.1M at closing; potential earn-out up to $12.6M based on Hisco's 2023 gross profit targets.
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DSGR closes $100M rights offering; insiders now own 78% of common stock
Gross proceeds of $100M from issuance of 2,222,222 shares at $45.00 per share.
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Distribution Solutions Group dismisses BDO, appoints Grant Thornton; BDO had adverse internal control opinion
Audit Committee dismissed BDO USA as independent auditor on May 19, 2023.
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DSGR shareholders elect all 8 director nominees, approve say-on-pay
All 8 director nominees elected with between 19.3M and 19.9M votes each.
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Distribution Solutions Group launches rights offering to raise ~$100M at $45/share, expiring May 30
Each share of common stock receives one transferable right to buy 0.105 shares at $45.00 per share.
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DSGR provides Hisco FY2022 audited financials: $403.7M sales, $7.8M net income, $156.6M assets
Hisco FY2022 net sales $403.7M, net income $7.8M; FY2021 net sales $352.9M, net income $12.2M (incl $7.7M PPP gain).
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DSGR Q1 revenue up 28% adjusted, EPS $0.52 non-GAAP; announces $269M Hisco acquisition
GAAP revenue $348.3M, up 126% YoY; adjusted revenue $348.3M, up 28.1% YoY.
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DSGR sets May 1 record date for $100M rights offering to fund Hisco acquisition
Record date for proposed rights offering fixed as May 1, 2023.
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DSG agrees to acquire Hisco for $269.1M; creates larger industrial technology supplier
Purchase price $269.1M at closing plus up to $12.6M earn-out; retention bonuses of $37.5M in cash/stock.
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DSGR to acquire Hisco for $269.1M plus earn-out up to $12.6M
Purchase price $269.1M (cash-free, debt-free) plus earn-out based on 2023 gross profit; max earn-out $12.6M if gross profit >= $114.951M.
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DSGR issues 1.7M earnout shares to TestEquity and Gexpro Services equityholders
Issued 700,000 shares to TestEquity Equityholder and 1,000,000 shares to Gexpro Services Stockholder on March 20, 2023.
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DSG files pro forma financials for combined TestEquity, Gexpro Services acquisition
Pro forma combined revenue $1.27B, net income $13.3M for year ended Dec 31, 2022.
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DSG Q4 revenue $329M, organic growth 16.7%; adjusted EBITDA $34M up 93% YoY
GAAP revenue $328.9M (+154.5% YoY); adjusted revenue $328.9M (+42.2%); organic growth 16.7%.
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DSGR appoints Ronald Knutson as EVP and CFO; base salary $435K, equity grants of 10K RSUs and 123K options
Knutson to serve as EVP and CFO of both Distribution Solutions Group and Lawson Products, reporting to CEO.
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DSGR shareholders approve 1.3M share increase under amended equity plan
Stockholders voted 16.8M for / 1.4M against to approve amended 2009 Equity Compensation Plan.
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DSG Q3 sales $347M, organic +15%; adjusted EBITDA $34.7M; share buyback raised to $12.5M
GAAP net sales $347.2M (+162.8% YoY); adjusted net sales +46.1% to $347.2M.
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DSGR sets Nov 15, 2022 annual meeting; provides proposal deadlines
2022 Annual Meeting to be held virtually on November 15, 2022.
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DSG reports Q2 2022 net sales $321.3M; organic growth 11.8%; adjusted EBITDA $31.7M
GAAP net sales $321.3M (+139.5% YoY); organic growth 11.8%; adjusted EBITDA $31.7M (9.9% of sales).
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TestEquity revenue $270.5M in 2021, net loss narrows to $8.7M in acquisition amendment
Net revenue $270.5M in 2021 (+5.5% YoY); equipment sales $260.3M, rental $10.3M.
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Distribution Solutions Group to change Nasdaq ticker to DSGR effective May 9, 2022
Company formerly known as Lawson Products, Inc.; new name Distribution Solutions Group, Inc.
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Lawson Products changes name to Distribution Solutions Group, ticker to DSGR on May 9
Name change from Lawson Products, Inc. to Distribution Solutions Group, Inc. effective May 5, 2022; approved by Board, no stockholder vote required.