NASDAQ$DSGR

Distribution Solutions Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Lawson Products generated solid operating results driven by sales growth and the Partsmaster acquisition.

Lawson Products reported a 16.9% increase in sales to $105.6 million compared to the prior year quarter. Operating income increased to $4.6 million, and net income was $3.7 million, or $0.39 per diluted share. The company faced global supply chain issues, labor shortages, and inflation, but took actions to improve product sourcing, pricing, and labor allocation to protect margins.

  • Third quarter sales of $105.6 million compared to $90.3 million in the prior year quarter.
  • Operating income was $4.6 million in the third quarter of 2021 compared to $2.0 million in the third quarter of 2020.
  • Net income of $3.7 million for the quarter, or $0.39 per diluted share compared to $0.19 in the prior year quarter.
  • Ended the quarter with cash and cash equivalents of $7.5 million and $87.4 million of availability under our credit facility.

Headline financials

Total Revenue

$106M

Previous: $90.3M+16.9%
EPS (adj)

$0.64

Previous: $0.62+3.2%
Adj. EBITDA Margin

8.9%

Previous: 10.4%-14.4%
Capital Expenditures

-$5.66M

Previous: -$1.31M-332.0%
Free Cash Flow

-$2.01M

Previous: $427K-570.3%
Net Income

$3.66M

Previous: $1.74M+110.4%
Operating Income

$4.62M

Previous: $2M+130.9%
Gross Profit

$56M

Previous: $47.2M+18.7%
Cash & Equivalents

$7.46M

Previous: $17.2M-56.6%
Total Assets

$254M

Previous: $251M+1.3%

Revenue & EPS history

DSG · Revenue · Quarterly

$106M

Q3 2021+16.9%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
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

The company expects to continue to achieve organic growth and make acquisitions that will leverage its strong balance sheet and margin performance.

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 Q3 2021

Historical avgQ3 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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