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Jun 30, 2022
DSG Q2 2022 Earnings Report
Reported strong initial results following the merger of Lawson Products, Gexpro Services, and TestEquity.
Key Takeaways
Distributions Solutions Group reported net sales of $321.3 million, a 139.5% increase, including 11.8% organic growth. Adjusted EBITDA increased to $31.7 million, representing 9.9% of sales. The company successfully completed two accretive acquisitions with aggregate annual revenues of approximately $119 million.
GAAP net sales were $321.3 million, up 139.5%.
Non-GAAP adjusted net sales increased approximately $80.6 million or 33.5%.
Reported operating income was $4.1 million or 1.3% of sales.
Non-GAAP diluted earnings per share was $0.36.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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