Slide 1: Q3 2025 Financial Results
NASDAQ: DSGR Q3 2025 Financial Results October 30, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Cautionary Note Regarding Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the “safe-harbor
Slide 3: Earnings Call Agenda
Earnings Call Agenda Today’s Conference Call Will Discuss Results Primarily on an Adjusted (Non-GAAP) and Comparable Operations Basis. Agenda • 2025 Q3 Consolidated Highlights & Financial Results • Segment Highlights & Financial Results • Q&A See appendix for GAAP to Non-GAAP reconciliations. 3
Slide 4: Key Takeaways for the Quarter
Key Takeaways for the Quarter Solid Operational Performance Macro & Demand Outlook • Total sales growth of 10.7%; organic sales grew 6.0% year-over-year and 3.1% • Despite an uneven macro environment, momentum continues in key end sequentially over Q2, an acceleration from 2.4% organic sequential gr
Slide 5: Leading Specialty Industrial Distribution Platform
Leading Specialty Industrial Distribution Platform MRO Focus OEM Focus Industrial Technologies Focus VMI Focus Canadian Branch Focus Leading vendor managed Leading wholesale distributor of Leading global supply chain services Leading supplier of electronic and inventory provider of C-parts to MRO su
Slide 6: 2025 Consolidated Financial Highlights
2025 Consolidated Financial Highlights • Q3 revenue of $518M; up $50M or 10.7% over a year ago primarily from organic daily sales growth of 6.0% and three acquisitions closed in the second half of 2024; organic daily sales up 3.1% sequentially over Q2. • Q3 adjusted EBITDA of $48.5M or 9.4% of sales
Slide 7: Lawson Products – MRO Focus
Lawson Products – MRO Focus Q3 2025 Highlights: Revenue (in millions) • Average daily sales (ADS) growth YoY (+3.0%); down sequentially $118.0 $124.3 $121.5 -2.2%: ▪ Organic growth across majority of customer segments YoY while organic revenue soft sequentially • Q3 adjusted EBITDA of $14.0M or 11.5
Slide 8: Canada Branch Division – Canadian MRO Focus
Canada Branch Division – Canadian MRO Focus Q3 2025 Highlights: Revenue (in millions) • Sales growing, albeit at compressed levels; continued market $60.0 $55.9 softness for projects and manufacturing market amid tariff-related uncertainties, in particular in Eastern Canada. $39.1 • Q3 revenue up ov
Slide 9: Gexpro Services – OEM Focus
Gexpro Services – OEM Focus Q3 2025 Highlights: Revenue (in millions) • Q3 organic revenue up $13.2M or 11.4% from year-ago quarter $116.1 $127.8 $130.5 on same number of days; organic average daily sales (ADS) up 3.7% sequentially. Improvements in the renewable energy, aerospace & defense and indus
Slide 10: TestEquity – Industrial Technologies Focus
TestEquity – Industrial Technologies Focus Q3 2025 Highlights: Revenue (in millions) • Q3 average daily sales (ADS) up 5.8% from year-ago quarter on higher test and measurement and rental revenue; up 5.9% $195.2 $195.0 $206.5 sequentially. Q3 acquired revenue of $2.0M from ConRes closed in Q4 2024.
Slide 11: Capital Allocation Strategy
Capital Allocation Strategy Focus on Deleveraging via Return Capital to Organic Growth M&A Robust Net Working Capital Earnings Growth and Free Cash Flow Shareholders Investment Generation • Adding scale, $485.7M 3.6x • Market share footprint, product • Authorized $37.5M growth adjacencies & Leverage
Slide 12: Appendix
5SG DISTRIBUTION 2 SOLUTIONS GROUP_/“ Appendix 12
Slide 13: 2025 Consolidated Financial Highlights
2025 Consolidated Financial Highlights Results Inclusive of Pre-Acquisition Results • Adjusted Revenue and adjusted EBITDA below include the reported GAAP results and the pre-acquisition results of other businesses that were acquired at any time during the Q3 2024-Q3 2025 period. Adjusted EBITDA (in
Slide 14: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Q3 Revenue and Adjusted EBITDA Reconciliation ($000s) (Unaudited) Canada Branch Lawson Products Gexpro Services TestEquity Division All Other Eliminations Consolidated DSG Quarter Ended Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q
Slide 15: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Revenue and Adjusted EBITDA Reconciliation ($000s) Results Inclusive of Acquisitions – Pre-Acquisition Date (Unaudited) Consolidated DSG Quarter Ended Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Revenue $ 468,019 $ 480,463 $ 478,029 $ 502,437 $ 517,958 Pre-acqui
Slide 16: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Revenue and EBITDA Reconciliation – Table Footnotes (1) Represents additional revenue and operating income of acquisitions prior to their acquisition dates not in reported GAAP results. (2) Transaction and integration costs related to acquisitions. (3) Expen
Slide 17: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations GAAP Net Income (Loss) and GAAP Diluted EPS to Non-GAAP Adjusted Net Income and Non-GAAP Adjusted Diluted EPS Reconciliation ($000s, except per share data) (Unaudited) Consolidated DSG Q3 2025 Q3 2024 Q2 2025 Diluted Diluted Diluted Amount EPS(2) Amount EPS(2) Amount