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Dec 31, 2022
DSG Q4 2022 Earnings Report
DSG's Q4 2022 earnings were announced, revealing strong organic sales growth and margin expansion.
Key Takeaways
Distribution Solutions Group reported a strong fourth quarter with revenue growth driven by organic sales and acquisitions. Adjusted EBITDA increased significantly, and the company saw margin expansion. The company is focused on driving returns on cash flow through organic growth, strategic acquisitions, and operational efficiencies.
GAAP revenue was $328.9 million, up 154.5% year-over-year, including revenue from acquisitions.
Non-GAAP adjusted revenue increased 42.2% to $328.9 million, driven by organic growth of 16.7% and acquisitions.
Reported operating income increased to $12.7 million, or 3.8% of GAAP revenue.
Non-GAAP adjusted EBITDA increased to $34.0 million, or 10.3% of non-GAAP adjusted revenue.
DSG
DSG
DSG Revenue by Segment
Revenue by Segment
Lawson Products Revenue
CapyFin.comGexpro Services Revenue
CapyFin.comTestEquity Revenue
CapyFin.com Forward Guidance
The company is laser-focused on driving greater returns on cash flow through a combination of organic growth, strategic acquisitions and operational efficiencies. The company believes that their disciplined approach to capital allocation through their asset light model coupled with their strengthening balance sheet positions them to further generate meaningful returns and cash flow in 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income