NASDAQ$DSGR
Distribution Solutions Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Lawson Products announced results, revealing a decrease in sales due to the economic impact of COVID-19, while maintaining a steady gross margin and a positive cash position.
Lawson Products reported a decrease in net sales by 24.9% year-over-year due to the COVID-19 pandemic. However, the company maintained a steady gross margin of 53.1% and achieved net cash generated from operations of $14.7 million. The company ended the quarter with $8.3 million in a positive cash position, net of debt.
- Sales decreased 24.9% year-over-year, but showed sequential improvement in May and June.
- Gross margin remained steady at 53.1%, despite a shift in sales mix.
- Net cash from operations was $14.7 million, with a focus on preserving cash.
- The company had a positive cash position of $8.3 million, net of debt, and $97.3 million available under its credit facility.
Headline financials
Revenue & EPS history
DSG · Revenue · Quarterly
$72.1M
Revenue by segment
DSG · $425M total across 3 segments · Q3 2023
- TestEquity$208M+77.9%48.8%
- Lawson Products$114M+4.6%26.9%
- Gexpro Services$103M-0.5%24.3%
Forward guidance
Lawson is focused on improving sales to leverage its streamlined cost structure and expand operating margins. The company believes the actions taken will position it for solid growth, and it will be opportunistic in utilizing its strong balance sheet and cash position for 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 Q2 2020
+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
| Quarter | Report date | Reaction (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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