Distribution Solutions Group Inc (OQ:DSGR)
Business Focus: Industrial Machinery & Equipment Wholesale
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 301 COMMERCE STREET, SUITE 1700 FORT WORTH TX 76102 |
| Tel: | 1-214-6162207 |
| Website: | https://www.lawsonproducts.com |
| IR: | See website |
| Key People | ||
| John Bryan King Chairman of the Board, President, Chief Executive Officer | Ronald J. Knutson Chief Financial Officer, Executive Vice President, Treasurer | David S. Lambert Chief Accounting Officer, Vice President, Controller |
| Business Overview |
| Distribution Solutions Group, Inc. is a specialty distribution company. The Company is engaged in providing value-added distribution solutions to the maintenance, repair and operations (MRO), original equipment manufacturer (OEM) and industrial technology markets. The Company operates through three segments: Lawson, Gexpro Services and TestEquity. Lawson is a distributor of products and services to the industrial, commercial, institutional and governmental MRO marketplace. Lawson primarily distributes MRO products to its customers through a network of sales representatives throughout the United States and Canada. TestEquity is a distributor of test and measurement equipment and solutions, electronic production supplies and tool kits from its manufacturing partners. The Company's Gexpro Services is a global supply chain solutions provider, specializing in the development of mission critical production line management, aftermarket and field installation programs. |
| Financial Overview |
| For the three months ended 31 March 2024, Distribution Solutions Group Inc revenues increased 19% to $416.1M. Net loss totaled $5.2M vs. income of $5.9M. Revenues reflect TestEquity segment increase of 74% to $187.1M, United States segment increase of 10% to $328.6M, Latin America segment increase from $7.4M to $32.1M, Canada segment increase of 35% to $29.4M. Net loss reflects TestEquity segment loss totaling $6.1M vs. income of $26K. |
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