Slide 1: Fourth Quarter and Full Year 2025 Financial Results
NASDAQ: DSGR Fourth Quarter and Full Year 2025 Financial Results March 5, 2026
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 Full Year and Q4 Consolidated Highlights & Financial Results • Segment Highlights & Financial Results • Q&A See appendix for GAAP to Non-GAAP reconcili
Slide 4: Key Takeaways for 2025 Full Year and Q4 Quarter
Key Takeaways for 2025 Full Year and Q4 Quarter Solid Operational Performance Macro & Demand Outlook • Total YoY sales growth of $175.9 million or 9.8% with organic average daily sales • Despite an uneven macro environment, momentum continues in key end up 3.6%, $121.5 million of additional revenue
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 • Full-year revenue was $1.98 billion, up 9.8%, which consisted of acquired revenue of $121.5 million and organic average daily sales growth of 3.6% compared to 2024. • Full-year Adjusted EBITDA was $175.2 million, or 8.9% of sales. GAAP EPS was $0.18 versus GA
Slide 7: Lawson Products – MRO Focus
Lawson Products – MRO Focus 2025 Highlights: Year-to-Date Adjusted EBITDA Revenue • YTD average daily sales (ADS) growth up 2.6%; organic ADS down 1.2% (in millions) (in millions) primarily on lower military customer sales $56.4 $51.6 $481.1 • Q4 ADS growth up 2.7% over prior year quarter; down sequ
Slide 8: Canada Branch Division – Canadian MRO Focus
Canada Branch Division – Canadian MRO Focus 2025 Highlights: Year-to-Date Adjusted EBITDA Revenue • Continued market softness for projects and manufacturing end market (in millions) (in millions) amid tariff-related uncertainties, in particular in Eastern Canada, pressured sales $15.6 $221.4 $11.7 •
Slide 9: Gexpro Services – OEM Focus
Gexpro Services – OEM Focus 2025 Highlights: Year-to-Date Adjusted EBITDA Revenue • Sales up $55.9M; YTD ADS growth of 13.1% and organic ADS up (in millions) (in millions) 12.3% on improvements in the renewables, aerospace & defense and $63.7 technology verticals $55.8 $496.7 $440.7 • Q4 ADS down 1.
Slide 10: TestEquity – Industrial Technologies Focus
TestEquity – Industrial Technologies Focus Year-to-Date 2025 Highlights: Adjusted EBITDA Revenue (in millions) (in millions) • YTD ADS growth up 2.0% driven by test & measurement (T&M), rentals and chambers business; organic ADS up 1.0% $56.3 $771.2 $783.2 $51.0 • Q4 ADS growth up 0.9% over prior ye
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, $473.5M 3.6x • Market share footprint, product • Authorized $67.5M 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 Q4 2024-Q4 2025 period. Adjusted EBITDA (in
Slide 14: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Q4 Revenue and Adjusted EBITDA Reconciliation ($000s) (Unaudited) Canada Branch Lawson Products Gexpro Services TestEquity Division All Other Eliminations Consolidated DSG Quarter Ended Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q
Slide 15: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Fiscal Year Revenue and Adjusted EBITDA Reconciliation ($000s) (Unaudited) Canada Branch Lawson Products Gexpro Services TestEquity Division Other Eliminations Consolidated DSG Year Ended 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 Revenue f
Slide 16: 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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Revenue $ 480,463 $ 478,029 $ 502,437 $ 517,958 $ 481,599 Pre-acqui
Slide 17: 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 18: 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 Q4 2025 Q4 2024 Q3 2025 Full Year 2025 Full Year 2024 Diluted Diluted Diluted Dilu