Business
Distribution Solutions Group Announces 2024 Second Quarter Results
Quarterly Revenue Up 16.3%, Sequential Margin Growth and Strong Cash Flow FORT WORTH, Texas--(BUSINESS WIRE)-- Distribution Solutions Group, Inc.
About this update from Distribution Solutions Group, Inc.
[{"type":"text","content":"\nQuarterly Revenue Up 16.3%, Sequential Margin Growth and Strong Cash Flow\n\n\n FORT WORTH, Texas--(BUSINESS WIRE)--\nDistribution 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.\n\n\nThe following represents a summary of certain operating results (unaudited). See the reconciliations of GAAP to non-GAAP measures in Tables 2, 3 and 4.\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nJune 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\nMarch 31,\n\n\n\n\n\n\n\n\n(Dollars in thousands)\n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n439,536\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n377,984\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n16.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n416,086\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n5.6\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating income (loss)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n14,158\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n13,776\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2.8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,783\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nN/A\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNon-GAAP adjusted operating income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n38,852\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n34,922\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n11.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n29,761\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n30.5\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNon-GAAP adjusted EBITDA\n\n\n\n\n\n\n$\n\n\n\n\n\n\n45,181\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n40,100\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n12.7\n...