NASDAQ$DSGR

Distribution Solutions Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Lawson Products reported first quarter results, demonstrating sales growth and strategic acquisition integration.

Lawson Products reported a strong first quarter with sales reaching $103.6 million, a 13.8% increase compared to the same quarter last year. The company made significant progress in integrating Partsmaster and is positioned for continued growth in 2021.

  • First quarter sales reached $103.6 million, up from $91.0 million in the prior year quarter.
  • Partsmaster contributed $15.7 million to sales in the first quarter.
  • Reported operating income was $4.8 million, while adjusted operating income was $7.2 million.
  • Cash on hand at the end of the quarter was $26.3 million, with $64.4 million available under the credit facility.

Headline financials

Total Revenue

$104M

Previous: $91M+13.8%
EPS (adj)

$0.58

Previous: $0.52+11.5%
Adj. EBITDA Margin

8.8%

Previous: 10.4%-15.4%
Capital Expenditures

-$849K

Previous: -$551K-54.1%
Free Cash Flow

$2.75M

Previous: $12M-77.1%
Net Income

$3.6M

Previous: $12.5M-71.3%
Operating Income

$4.81M

Previous: $18.6M-74.2%
Gross Profit

$54.6M

Previous: $48.9M+11.5%
Cash & Equivalents

$26.3M

Previous: $4.1M+542.1%
Total Assets

$265M

Previous: $198M+33.4%

Revenue & EPS history

DSG · Revenue · Quarterly

$104M

Q1 2021+13.8%vs Q1 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

DSG · $425M total across 3 segments · Q3 2023

  • TestEquity
    $208M+77.9%
  • Lawson Products
    $114M+4.6%
  • Gexpro Services
    $103M-0.5%

Forward guidance

After paying the remaining balance due of $33 million for the Partsmaster acquisition in the second quarter, the company anticipates that it will have approximately $90 million available under its $100 million committed credit facility to fund growth initiatives and future acquisitions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.8%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+28.1%

Q2 2015

Best reaction

-26.3%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+3.9%+0.0%
Q4 2025-26.3%-29.6%-10.4%
Q3 2025-6.3%-9.9%-6.7%
Q1 2025-7.0%-7.2%+4.6%
Q4 2024+9.9%+10.1%-7.5%
Q3 2024-11.1%-12.7%-2.8%
Q2 2024-2.6%-1.4%+10.3%
Q1 2024+6.7%+10.3%+3.3%
Q4 2023-1.1%-1.7%+14.8%
Q3 2023-19.5%-20.4%-12.8%
Q2 2023-2.6%-8.6%-8.2%
Q1 2023+5.8%+1.5%+9.2%
Q4 2022-12.8%-10.2%-14.1%
Q3 2022+18.7%+28.5%+21.0%
Q2 2022+0.7%+0.2%-26.4%
Q1 2022+2.7%+6.2%+4.5%
Q4 2021+0.1%-7.9%-15.8%
Q3 2021+1.0%+3.1%-0.4%
Q2 2021-1.4%-1.4%-0.2%
Q1 2021+0.9%+2.9%+16.5%
Q4 2020+1.9%+5.8%-0.3%
Q3 2020-0.3%+9.8%+17.8%
Q2 2020+0.8%+6.7%+18.2%
Q1 2020-3.9%-5.0%-8.7%
Q4 2019-2.5%-2.2%-34.1%
Q3 2019+6.4%+7.3%+11.0%
Q2 2019+5.1%+5.8%-7.2%
Q1 2019+3.6%+4.0%+24.7%
Q4 2018+5.1%+4.6%+7.4%
Q3 2018+2.3%+8.8%+2.0%
Q2 2018+13.2%+15.1%+36.6%
Q1 2018-2.4%-5.0%-1.8%
Q4 2017-1.8%-0.6%+10.3%
Q3 2017-4.4%-2.1%-1.4%
Q2 2017+13.5%+13.0%+13.8%
Q1 2017+2.4%+9.3%-6.0%
Q4 2016+3.1%+8.6%-11.0%
Q3 2016+13.1%+13.5%+37.2%
Q2 2016-4.0%-13.8%-17.8%
Q1 2016-3.9%
Q4 2015-9.0%
Q3 2015+10.5%
Q2 2015+28.1%
Q1 2015+2.0%
Q4 2014-1.4%
Q3 2014+19.0%
Q2 2014+7.1%
Q1 2014-2.0%
Q4 2013-5.8%
Q3 2013+6.0%
Q2 2013-5.4%
Q1 2013-0.3%
Q4 2012+11.3%
Q3 2012-2.1%
Q2 2012-0.8%
Q1 2011-3.0%
Q1 2012+1.2%
Q4 2011+1.3%
Q3 2011-6.0%
Q3 2010-6.0%
Q4 2009-1.8%
Q2 2011-1.8%
Q2 2010-1.8%
Q4 2010-1.8%
Q1 2010+0.0%

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