Financial Performance - Full year revenue reached $1.57 billion, a 36.4% increase compared to 2022, or a 23.7% increase on a pro forma basis[48] - Full year adjusted EBITDA increased 27.6% to $157 million, representing 10.0% of sales[36] - Q4 revenue was $405.2 million, up 23.2% due to acquisitions, but organic revenue decreased by 6.4%[44] - Q4 adjusted EBITDA was $33.9 million, flat compared to the previous year, representing 8.4% of sales[49] - Full year operating cash flows were $102 million[37] Segment Performance - Lawson Products' pro forma revenue increased by 9.1% year-to-date, with adjusted EBITDA at $63.7 million, or 13.6% of revenue[52] - Gexpro Services' revenue increased by 5.3% year-to-date, with adjusted EBITDA at $45.2 million, or 11.1% of revenue[59] - TestEquity's revenue increased by 63.6% year-to-date, primarily driven by acquisitions, with adjusted EBITDA at $43.3 million, or 6.7% of revenue[62] Capital Structure - The company deleveraged to 2.9x, ending the year with $100 million in cash and approximately $198 million of availability under the revolving credit facility[38]
DSG(DSGR) - 2023 Q4 - Earnings Call Presentation