ESS generates annual sales of approximately $13 million and is expected to be accretive to DSG's adjusted EBITDA margins. The acquisition is being funded through DSG's cash from operations.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2023 | $38.00 | Overweight | Stephens |
SC 13D/A - Distribution Solutions Group, Inc. (0000703604) (Subject)
SC 13D/A - Distribution Solutions Group, Inc. (0000703604) (Subject)
SC 13D/A - Distribution Solutions Group, Inc. (0000703604) (Subject)
10-Q - Distribution Solutions Group, Inc. (0000703604) (Filer)
8-K - Distribution Solutions Group, Inc. (0000703604) (Filer)
8-K - Distribution Solutions Group, Inc. (0000703604) (Filer)
4 - Distribution Solutions Group, Inc. (0000703604) (Issuer)
Sales and Profitability Growth with Value-Creating Strategic Initiatives Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced consolidated results for the third quarter ended September 30, 2024. This press release is supplemented by an earnings presentation at https://investor.distributionsolutionsgroup.com/news/events. The following represents a summary of certain operating results (unaudited). See the reconciliations of GAAP to non-GAAP measures in Tables 2, 3 and 4. Three Months Ended September 30, June 30, (Dollars in thousands) 2024 2023
Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier, multi-platform distribution company, today announced that it will report results for the third quarter on Thursday, October 31, 2024, pre-market. The Company will host a conference call with prepared remarks beginning at 9:00 a.m. Eastern Time. Refer to the Company's investor relations Events page for the supplemental slides at https://investor.distributionsolutionsgroup.com/news/events. By Phone: At least 10 minutes before the call starts, please dial toll-free in the U.S. 1-888-506-0062 (internationally dial 1-973-528-0011), then use the participant access code 962760. A replay will be available t
Quarterly Revenue Up 16.3%, Sequential Margin Growth and Strong Cash Flow 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 following represents a summary of certain operating results (unaudited). See the reconciliations of GAAP to non-GAAP measures in Tables 2, 3 and 4. Three Months Ended June 30, March 31, (Dollars in thousands) 2024 2023
Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced the closing of two previously announced acquisitions. The Company acquired Tech-Component Resources (TCR) under DSG's Gexpro Services segment, which closed on October 30, 2024, and ConRes Test Equipment under DSG's TestEquity segment, which closed on November 18, 2024. These transactions were funded through the Company's existing cash and availability under its credit agreement. For more information on these acquisitions, please reference the TCR announcement dated September 24, 2024 and the ConRes Test Equipment announcement dated October 3, 2024. About D
Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that Brett Scarbrough, DSG's Vice President of Strategy & Investor Relations, will participate in one-on-one investor meetings and present at the 16th Annual Southwest IDEAS Conference in Dallas on November 21, 2024. The presentation will be from 2:00 p.m. to 2:35 p.m. CT and will be webcast. It can be accessed through the investor relations section of the Company's website: https://investor.distributionsolutionsgroup.com/news/events. About Distribution Solutions Group, Inc. Distribution Solutions Group ("DSG") is a premier multi-platform specialty distr
Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that management is participating in one-on-one investor meetings and presenting at the following conferences. Baird 2024 Global Industrial Conference in Chicago on November 13, 2024, with one-on-one investor meetings and a 12:00 p.m. CT presentation time. Stephens Annual Investment Conference (NASH2024) in Nashville on November 20, 2024, with one-on-one investor meetings and a 10:00 a.m. CT fireside chat time. The presentations will be webcast and can be accessed through the investor relations section of the Company's website: https://investor.distributi
Expanding into Southeast Asia to Grow and Support OEM Customers' Wallet Share Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company Gexpro Services signed an agreement to acquire Tech-Component Resources Pte Ltd ("TCR"), a small and growing Southeast Asian distributor of fasteners, mechanical components, and other industrial products serving OEM customers and related applications. TCR is headquartered in Singapore, and its second location is in Malaysia. "We are excited to partner with TCR to establish a beachhead operation for Gexpro Services in Southeast Asia," said Robert Connors,
Strategically Expanding Products and Services in the Canadian Market Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, under its affiliate Lawson Products Canada, Inc. ("Lawson Canada"), signed an agreement to acquire Source Atlantic Limited ("Source Atlantic"). The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions. Source Atlantic, headquartered in Saint John, New Brunswick, Canada, is an industry-leading wholesale distributor of industrial MRO supplies, safety products, fasteners, an
Bolsters its Position in the Automotive Repair Parts Market Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, Inc. ("Lawson"), completed the acquisition of S&S Automotive, Inc. ("S&S"), a leading automotive and industrial parts supplier based near Chicago in Woodridge, IL. Lawson Products has an automotive-focused division, Kent Automotive, which distributes automotive and industrial class C-parts to auto dealerships and collision repair centers throughout North America. "Similar to Lawson's Kent Automotive business, S&S Automotive is an industry-leading distri
Stephens initiated coverage of Distribution Solutions Group with a rating of Overweight and set a new price target of $38.00
4 - Distribution Solutions Group, Inc. (0000703604) (Issuer)
4 - Distribution Solutions Group, Inc. (0000703604) (Issuer)
4 - Distribution Solutions Group, Inc. (0000703604) (Issuer)
Source Atlantic, headquartered in Saint John, New Brunswick, Canada, is an industry-leading wholesale distributor of industrial MRO supplies, safety products, fasteners, and related value-add services for the Canadian MRO market. For the most recent fiscal year, Source Atlantic generated sales of approximately CAD$250 million. The transaction will be funded through a combination of DSG's existing cash and availability under its credit facility and is expected to be immediately accretive to DSG's adjusted earnings per share. The acquisition is not expected to be material for financial reporting purposes to DSG's results. The transaction is expected to close in the third quarter of 2024, sub
During the last three months, 4 analysts shared their evaluations of Distribution Solns Gr (NASDAQ:DSGR), revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $39.5, a high estimate of $42.00, and a low estimate of $36.00. This current average has increased by 7.72% from the prev
Barrington Research analyst Kevin Steinke maintains Distribution Solns Gr (NASDAQ:DSGR) with a Outperform and maintains $40 price target.