Investors might want to bet on Distribution Solutions Group (DSGR) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Distribution Solutions Group (DSGR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Distribution Solutions Group is one of 316 companies in the Business Services group. The Business Services group cu ...

From a technical perspective, Distribution Solutions Group, Inc. (DSGR) is looking like an interesting pick, as it just reached a key level of support. DSGR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with ...

Distribution Solutions Group, Inc. (NASDAQ:DSGR) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Steven Hooser - Three Part Advisors J. Bryan King – CEO and Chairman Ron Knutson – EVP and CFO Conference Call Participants Kevin Steinke - Barrington Research Operator Good day, and welcome to the Distribution Solutions Group Second Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode and a question-and-answer session will follow the form ...

Distribution Solutions Group (DSGR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this industrial products and tools maker would post earnings of $0.29 per share when it actually produced earnings of $0.25, delivering a surprise of -13.79%. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $1.00 par value DSGR NASDAQ Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Distribution Solutions Group Announces 2024 Second Quarter Results Quarterly Revenue Up 16.3%, Sequential Margin Growth and Strong Cash Flow FORT WORTH, TEXAS, August 1, 2024 - Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced consolidated results for the second quarter ended June 30, 2024. This press release is supplemented by an earnings presentation at https://investor.distributionsolutionsgroup.com/news/events. The follow ...

JHVEPhoto/iStock Editorial via Getty Images Introduction Distribution Solutions Group's (NASDAQ:DSGR) share price remains relatively unchanged after posting Q1 2024 results. The results came in largely with what I was expecting, and as such, I continue to believe that the core variables - internal organic growth opportunities and accretive capital allocation - remain intact to support long- term sales and EBITDA growth. Thus, at mid-$30/share, I continue to believe that prospective forward returns remain re ...

Financial Data and Key Metrics Changes - In Q1 2024, consolidated revenue was $416 million, representing a 19.5% increase driven by strategic inorganic growth compared to the previous year [43][98] - Adjusted EBITDA margin improved sequentially from 8.4% in Q4 2023 to 8.7% in Q1 2024, although still below expectations due to market softness and internal initiatives [45][100] - Adjusted diluted EPS was $0.25 for the quarter, with a GAAP diluted loss per share of $0.11, reflecting higher depreciation and amortization [102] Business Line Data and Key Metrics Changes - Lawson Products reported sales of $118.2 million, down 4.2% on comparable days, but up 7.6% compared to Q4 2023 [110] - Gexpro Services saw total sales decrease by 2.3% to $98.7 million, but increased by 4.2% on comparable days from Q4 2023, with strong demand in aerospace and defense [112][113] - TestEquity Group's sales grew 74.3% to $187.1 million, primarily due to the acquisition of Hisco, but excluding Hisco, sales were down 14.6% [107] Market Data and Key Metrics Changes - The automotive market remains strong, with S&S Automotive acquisition expected to enhance customer value proposition and expand market share [69][70] - The semiconductor industry showed signs of recovery, with improved sales expected as customer confidence returns [76][77] - Government sector delays in purchase orders have impacted organic revenue growth, but there is confidence in future spending [66] Company Strategy and Development Direction - The company aims to achieve over $3.3 billion in total sales within five years, driven by both organic and inorganic growth initiatives [48] - Recent acquisitions, including Emergent Safety Supply and S&S Automotive, are part of a strategy to enhance product offerings and customer engagement [49][50] - The focus on optimizing sales force productivity and territory management is expected to drive future growth [61][63] Management's Comments on Operating Environment and Future Outlook - Management acknowledged pockets of softness in certain end markets but expressed confidence in the long-term growth trajectory and ongoing initiatives to improve margins [45][56] - The company is optimistic about the integration of acquisitions and the potential for increased sales and profitability in the second half of 2024 [116] - There is a focus on cost rationalization and margin improvement across all business units, particularly in the TestEquity Group [85][88] Other Important Information - The company ended the quarter with approximately $284 million in liquidity, including $85.6 million in cash [117] - The cash conversion ratio was nearly 110% on a trailing 12-month basis, indicating strong cash flow management [118] - The company is actively recruiting additional sales representatives to drive growth in key territories [26][28] Q&A Session Summary Question: Context on S&S acquisition and integration - Management highlighted the importance of the S&S acquisition for enhancing the Kent Automotive division and improving EBITDA margins [9][11] Question: Outlook on margins for Q2 - Management confirmed expectations for sequential margin improvement across all segments in Q2 2024 [17][19] Question: Trend in Lawson sales representative headcount - Management acknowledged a slight decrease in headcount but emphasized ongoing recruitment efforts and strategic territory management [26][27]

This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Terms such as "aim," "anticipate," "believe," "contemplates," "continues," "could," "ensure," "estimate," "expect," "forecasts," "if," "intend," "likely," "may," "might," "objective," "outlook," "plan," "positioned," "potential," "predict," "probable," "project," " ...