NASDAQ$DSGR

Distribution Solutions Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported sales growth driven by Lawson/Partsmaster and Bolt Supply House businesses amidst inflationary and supply chain challenges.

Lawson Products reported a 13.8% increase in sales compared to the prior year quarter, driven by growth in the integrated Lawson/Partsmaster business and The Bolt Supply House. The company is taking actions to mitigate inflationary pressures and investing in sales representatives to improve productivity.

  • Net sales increased to $117.9 million compared to $103.6 million in the first quarter 2021.
  • Average daily sales (ADS) were $1.842 million in the first quarter 2022, an improvement of 12.0% compared to $1.644 million of ADS in the first quarter of 2021.
  • Reported operating income was $12.1 million compared to operating income of $4.8 million in the prior year quarter, inclusive of a $5.0 million non-operating net benefit.
  • Adjusted EBITDA was $9.2 million or 7.8% of sales for the quarter compared to $9.1 million or 8.8% of sales in the first quarter 2021.

Headline financials

Total Revenue

$118M

Previous: $104M+13.8%
EPS (adj)

$0.57

Previous: $0.58-1.7%
Adj. EBITDA Margin

7.8%

Previous: 8.8%-11.4%
Capital Expenditures

-$2.06M

Previous: -$849K-142.3%
Free Cash Flow

$6.93M

Previous: $2.75M+152.2%
Net Income

$8.99M

Previous: $3.6M+149.9%
Operating Income

$12.1M

Previous: $4.81M+151.1%
Gross Profit

$60.5M

Previous: $54.6M+10.9%
Cash & Equivalents

$5.53M

Previous: $26.3M-79.0%
Total Assets

$271M

Previous: $265M+2.3%

Revenue & EPS history

DSG · Revenue · Quarterly

$118M

Q1 2022+13.8%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

DSG · $118M total across 2 segments · Q1 2022

  • Lawson Products
    $104M
  • Canada Branch Division
    $13.9M

Forward guidance

The company did not provide specific forward guidance in this earnings report. However, they mentioned continuing to invest in growth initiatives and pursue accretive 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 2022

Historical avgQ1 2022

+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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