DSG Q3 2024 Earnings Report
Key Takeaways
Distribution Solutions Group reported a 6.6% increase in revenue to $468 million, driven by acquisitions, despite a 2.1% organic revenue compression. Adjusted EBITDA grew by 12.4% to $49.1 million, representing 10.5% of sales. The company completed the acquisition of Source Atlantic and announced acquisitions of ConRes Test Equipment and Tech-Component Resources (TCR).
Revenue increased by 6.6% to $468.0 million, including $38.1 million from acquisitions.
Operating income was $18.9 million, inclusive of non-cash amortization and non-recurring costs.
Diluted income per share was $0.46, inclusive of a $0.40 tax benefit.
Adjusted EBITDA was $49.1 million, with a 10.5% margin.
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DSG Revenue by Geographic Location
Forward Guidance
The company remains focused on deploying capital for acquisitions and organic investments, leveraging its asset-light business model to drive strong cash flow conversion and maximize long-term shareholder value.