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Distribution Solutions Group (DSGR)
NASDAQ:DSGR
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
-$0.35Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -10.91%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements such as record sales, strategic acquisitions, and improved EBITDA margins, alongside challenges like a decline in organic sales and headwinds in specific market segments. The company's strategic focus and successful integrations are promising, but some operational challenges remain.Company Guidance
In the third quarter of 2024 earnings call for Distribution Solutions Group (DSGR), guidance highlighted several key metrics and strategic initiatives. The company reported record quarterly sales with a 6.6% increase year-over-year, although organic sales were down 2.1%. The quarter's consolidated adjusted EBITDA was $49.1 million, representing an improvement to 10.5% from 10% in the previous year. DSG announced three acquisitions, contributing to a 0.2% sequential organic sales improvement. The company also emphasized ongoing efforts to enhance sales productivity, with plans to increase the sales rep count to 900 by year-end and 1,000 by mid-2025. Additionally, the company focused on capturing cost savings and cross-selling opportunities, particularly within its TestEquity and Gexpro Services segments, while also benefiting from a growing book-to-bill ratio despite a challenging industrial backdrop.Record Quarterly Sales
Reported record quarterly sales, up 6.6% compared to last year's third quarter.
Gexpro Services Growth
Gexpro Services reported 12.5% year-over-year growth, driven by recoveries in technology, renewables, transportation, and aerospace and defense.
EBITDA Improvement
Generated third quarter consolidated adjusted EBITDA of $49.1 million or 10.5%, an improvement over last year's third quarter of 10% and sequentially over the second quarter of 10.3% of sales.
Strategic Acquisitions
Announced 3 acquisitions, including Source Atlantic, ConRes Test Equipment, and Tech-Component Resources, each contributing to growth in strategic markets.
Integration Synergies
Captured more cost savings than expected from integrations, particularly with TestEquity and Hisco, and achieved cross-selling wins.
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DSGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DSGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $40.24 | $38.50 | -4.32% |
| Aug 01, 2024 | $33.75 | $34.01 | +0.77% |
| May 02, 2024 | $32.32 | $33.82 | +4.64% |
| Mar 07, 2024 | $30.98 | $28.65 | -7.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Distribution Solutions Group (DSGR) report earnings?
Distribution Solutions Group (DSGR) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Distribution Solutions Group (DSGR) earnings time?
Distribution Solutions Group (DSGR) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DSGR EPS forecast?
DSGR EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
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