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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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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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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 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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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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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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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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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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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 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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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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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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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).