NASDAQ$DSGR
Distribution Solutions Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
DSG's quarterly results were marked by revenue growth and double-digit EBITDA margins, driven by strategic initiatives and acquisitions.
Distribution Solutions Group (DSG) reported a 16.3% increase in revenue compared to the previous year, with double-digit EBITDA margins of 10.3%. Revenue and EBITDA improved sequentially due to acquisitions and better performance in existing businesses. The company generated $45.2 million of adjusted EBITDA, a 25% sequential improvement over the first quarter.
- Revenue increased by 16.3% to $439.5 million, including $81.4 million from recent acquisitions.
- Organic sales declined by 5.7% year-over-year but grew by 3.8% sequentially from Q1 2024.
- Adjusted EBITDA was $45.2 million, representing a 10.3% margin, up 25.3% sequentially from Q1 2024.
- The company ended the quarter with $209.9 million in total liquidity and a net debt leverage of 3.2x.
Headline financials
Revenue & EPS history
DSG · Revenue · Quarterly
$440M
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
The company remains focused on acquisition targets, margin enhancement, and cost savings, anticipating strong second quarter results driven by these efforts and end market recovery.
Tailwinds
- Actively working on a pipeline of acquisition targets.
- Incremental margin enhancement initiatives.
- Focus on cost savings.
- Anticipation of some end market recovery.
- Focus on growing operating cash flows and accelerating returns on invested capital.
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 2024
+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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