Financial Performance - Q3 2025 revenue reached $518 million, a 10.7% increase year-over-year, driven by 6.0% organic daily sales growth and acquisitions[23] - Organic daily sales grew 3.1% sequentially over Q2 2025[14, 23] - Adjusted EBITDA was $48.5 million, representing 9.4% of sales, compared to 9.7% in Q2 2025 due to sales mix shift, initiative investments, and increased employee-related costs[14, 23] - Cash flow from operations was $38 million in Q3 2025, following $33 million in Q2 2025[16] Segment Performance - Lawson Products' Q3 2025 revenue was $121.5 million with adjusted EBITDA of $14.0 million, or 11.5% of revenue[25, 27, 28] - Canada Branch Division's Q3 2025 revenue was $60.0 million, up from $39.1 million in Q3 2024, with adjusted EBITDA of $5.8 million, or 9.6% of revenue[30, 32, 33] - Gexpro Services' Q3 2025 revenue was $130.5 million, with adjusted EBITDA of $17.8 million, or 13.6% of revenue[35, 37, 38] - TestEquity's Q3 2025 revenue was $206.5 million, with adjusted EBITDA of $12.4 million, or 6.0% of revenue[40, 42, 43] Capital Allocation - Approximately $20 million of shares were repurchased year-to-date[16] - Total liquidity at the end of Q3 2025 was approximately $335 million[16, 44]

Financial Performance - Q2 2025 revenue reached $502 million, a 14.3% increase year-over-year, primarily driven by acquisitions, with organic sales growing 3.3%[22] - Adjusted EBITDA for Q2 2025 was $48.6 million, representing 9.7% of sales, compared to $45.2 million in the previous year[22] - Diluted income per share was $0.11, while non-GAAP adjusted diluted earnings per share was $0.35, compared to $0.40 in the same period last year[22] Segment Highlights - Lawson Products saw Q2 2025 revenue of $124.3 million with adjusted EBITDA of $15.7 million, a 12.6% margin[25, 27] - Canada Branch Division's Q2 2025 revenue was $55.9 million with adjusted EBITDA of $3.6 million, a 6.5% margin, with Source Atlantic contributing $41.3 million in sales[30, 32, 34] - Gexpro Services experienced Q2 2025 revenue of $127.8 million with adjusted EBITDA of $17.1 million, a 13.4% margin, with organic revenue up $19.5 million or 18.2% year-over-year[36, 38, 39] - TestEquity's Q2 2025 revenue was $195 million with adjusted EBITDA of $13.5 million, a 6.9% margin[40, 41] Strategic Initiatives and Capital Allocation - The company generated $33 million in cash flow from operations in Q2 and repurchased approximately $20 million of shares year-to-date, with $9 million occurring in Q2[16] - Total liquidity at the end of the quarter was approximately $314 million[16]