Distribution Solutions (DSGR)

Founded in 1952, Lawson Products, Inc., headquartered in Chicago, IL, sells and distributes specialty products to the industrial, commercial, institutional and government maintenance, repair and operations market (MRO). The Company is dedicated to helping customers in the U.S. and Canada lower their total cost of operation by increasing productivity and efficiency. The combination of Lawson and Partsmaster's Managed Inventory process and the Company's problem-solving professionals ensures customers always have the right parts to handle the job. Through The Bolt Supply House, customers in Western Canada have access to products at several branch locations. Under its Kent Automotive brand, the Company provides collision and mechanical repair products to the automotive aftermarket.

Company profile

Ticker

DSGR

Exchange

NASDAQ

Website

www.lawsonproducts.com

CEO

Michael DeCata

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Wholesale Trade > Industrial Machinery and Equipment Merchant Wholesalers

Industry (SIC)

Wholesale - Machinery, Equipment & Supplies

Hillman Companies • Willis Lease Finance • Applied Industrial • Hudson • YBCC • Urban-gro • AerSale • FACT • Monocle ...

Former names

LAWSON PRODUCTS INC/NEW/DE/

SEC CIK

0000703604

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Lawson Products Canada Inc. • The Bolt Supply House Ltd. ...

IRS number

362229304

DSGR stock data

1M 1Y 5Y

News

From Benzinga Pro

Distribution Solutions: Q2 Earnings Insights

9 Aug 22

Distribution Solutions (NASDAQ:DSGR) reported its Q2 earnings results on Tuesday, August 9, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Earnings Scheduled For August 9, 2022

9 Aug 22

Companies Reporting Before The Bell • Cognition Therapeutics (NASDAQ:CGTX) is estimated to report earnings for its second quarter.

Press releases

From Benzinga Pro

Distribution Solutions Group Presenting at the 13th Annual Midwest IDEAS Investor Conference on August 25th in Chicago, IL

11 Aug 22

Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a leading specialty distributor providing high touch, value-added distribution solutions to the maintenance, repair &

Distributions Solutions Group Announces Second Quarter 2022 Results

9 Aug 22

Strong Start for Initial Reporting Period of Recently Merged Companies Distributions Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a leading specialty distributor providing high touch,

Distribution Solutions Group Announces Timing for Second Quarter 2022 Results and Conference Call

28 Jul 22

Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a best-in-class, specialty distribution company today announced that it will report results for the second quarter 2022 on Tuesday, August

Calendar

8 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart DSGR financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	18.07M	18.07M	18.07M	18.07M	18.07M	18.07M
Cash burn (monthly)	(no burn)	(no burn)	2.78M	(no burn)	13.11M	3.58M
Cash used (since last report)	n/a	n/a	4.36M	n/a	20.58M	5.63M
Cash remaining	n/a	n/a	13.71M	n/a	-2.52M	12.44M
Runway (months of cash)	n/a	n/a	4.9	n/a	-0.2	3.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

DSGR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Jun 22	King Luther Capital Management	Common Stock	Buy	Acquire P	Yes	No	51	10,000	510K	14,660,556
15 Jun 22	David S Lambert	Common Stock	Sale back to company	Dispose D	No	No	49.5	345	17.08K	655
15 Jun 22	David S Lambert	Common Stock	Option exercise	Acquire M	No	No	49.5	1,000	49.5K	1,000
15 Jun 22	David S Lambert	RSU Common Stock	Conversion	Dispose C	No	No	0	1,000	0	0
15 Jun 22	Moon Mark F	Common Stock	Buy	Acquire P	No	No	51	5,000	255K	12,297
7 Jun 22	Cesar Lanuza	Common Stock	Buy	Acquire P	No	No	43.4903	3	130.47	25,299
7 Jun 22	Cesar Lanuza	Common Stock	Buy	Acquire P	No	No	43.5028	296	12.88K	25,296
7 Jun 22	Cesar Lanuza	Common Stock	Buy	Acquire P	No	No	43.95	736	32.35K	25,000
7 Jun 22	Cesar Lanuza	Common Stock	Buy	Acquire P	No	No	44.19	100	4.42K	24,264
7 Jun 22	Cesar Lanuza	Common Stock	Buy	Acquire P	No	No	43.95	32	1.41K	24,164

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

DSGR institutional ownership history Ownership history

40.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	62	57	+8.8%
Opened positions	11	5	+120.0%
Closed positions	6	7	-14.3%
Increased positions	18	14	+28.6%
Reduced positions	21	22	-4.5%

13F shares	Current	Prev Q	Change
Total value	303.49M	497.58M	-39.0%
Total shares	7.87M	8.02M	-1.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
King Luther Capital Management	4.34M	$167.4M	0.0%
Dimensional Fund Advisors	464.54K	$17.9M	-0.7%
BLK Blackrock	367.29K	$14.16M	-0.4%
Royce & Associates	342.05K	$13.18M	-19.3%
Vanguard	280.27K	$10.8M	+0.8%
Norwood Investment Partners	258.21K	$9.95M	+22.0%
TETAA Teton Advisors	224.24K	$8.64M	0.0%
Hodges Capital Management	214.68K	$8.27M	+3566.6%
GBL Gamco Investors	129.3K	$4.98M	-3.7%
Granahan Investment Management	128.44K	$4.95M	-43.4%

Largest transactions	Shares	Bought/sold	Change
Polar Asset Management Partners	0	-362.92K	EXIT
Hodges Capital Management	214.68K	+208.83K	+3566.6%
Lord, Abbett & Co.	108.27K	+108.27K	NEW
Granahan Investment Management	128.44K	-98.36K	-43.4%
Royce & Associates	342.05K	-81.86K	-19.3%
Hillsdale Investment Management	0	-46.8K	EXIT
Norwood Investment Partners	258.21K	+46.61K	+22.0%
Ancora Advisors	44.86K	+44.86K	NEW
Millennium Management	21.23K	+21.23K	NEW
New York State Common Retirement Fund	11.11K	-13.33K	-54.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Our consolidated results of operations include the financial impact of the Mergers that were completed on April 1, 2022. The increase in gross profit for the second quarter of 2022 compared to the second quarter of 2021 was primarily due to the inclusion of Lawson operations subsequent to the April 1, 2022 Merger Date and the exclusion of Lawson operations prior to the Merger Date as a result of the accounting treatment of the Mergers. Excluding Lawson and All Other gross profit of $62.6 million for the second quarter of 2022, gross profit for the second quarter of 2022 improved $18.2 million over the prior year due to 2021 and 2022 acquisitions and growth in the organic businesses. Expenses for the second quarter of 2022 were impacted by merger related transaction and integration costs as well as the inclusion of Lawson operating results subsequent, and not prior to, the Merger Date.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

New words: accretive, acquiree, added, adjudicate, administered, advance, aerospace, aftermarket, Alberta, America, anniversary, approach, ApS, Asia, assessed, assessing, assessment, ASU, audited, automotive, Background, bargain, basic, benchmark, bill, billed, bookkeeping, bps, brand, branded, Brewton, brownian, building, calibration, California, Caribbean, Carlo, carrier, categorized, category, chip, choice, CODM, collision, Columbia, commencement, complexity, conclusion, conformity, conjunction, consigned, constrained, consumer, context, contingency, contingent, contingently, contractual, conversion, converted, corroborated, creation, cumulative, cycle, DAG, deciding, dedicated, Deferral, degree, demonstrated, denied, depreciation, designee, detailed, diluted, dilution, dilutive, directionally, directly, divided, dividend, dividing, doubtful, drove, DSG, earn, earned, easing, East, eCommerce, education, electronification, engineered, engineering, enterprise, entity, entry, EPS, Europe, EV, event, evidence, exclusion, exercise, expertise, extinguishment, FASB, feasibility, field, flat, fluctuate, focused, focusing, French, Frontier, furniture, gain, geometric, good, group, grow, guidance, hierarchy, Highway, history, hypothetical, identical, import, important, incentive, Incidental, inconsequential, incremental, individual, innovative, inside, installation, intercompany, intersegment, Interworld, IOT, judgment, Kent, knowledge, label, largest, leader, leadership, leasehold, level, machinery, macroeconomic, Manitoba, master, MCS, mechanical, medical, memorialized, method, methodology, metric, Middle, mission, Monte, Moorpark, motion, move, multiplied, mutual, necessity, NEF, nonqualified, novated, November, observable, Omni, orally, orderly, outlined, overlap, Overview, partly, payoff, peer, penetration, phone, physically, pre, prevailing, prevalent, primary, procurement, prolonged, promissory, pronouncement, provision, Puerto, put, quoted, random, reach, read, rebate, recipient, reclassification, reclassified, reconciliation, recoverability, recoverable, redeemable, referenced, refinance, refinancing, refinement, refurbished, refurbishment, regularly, remeasured, remove, removed, renewal, rent, rental, repayment, Resolux, resource, rest, retroactively, return, Rexel, Rico, risen, ROU, run, Saskatchewan, satisfied, satisfying, scenario, seller, settled, shelf, shortage, show, simulating, simulation, SIS, software, solder, soldering, South, SPD, specialty, specific, Specifically, spent, SPR, standalone, step, substitute, superior, surrender, surrendered, tangible, taxable, TEquipment, tolerance, tool, top, Topic, track, treasury, treated, treatment, trial, turnover, Unadjusted, unallocated, unamortized, unconditional, understanding, undiscounted, unearned, unlawful, unobservable, unrecognized, usage, user, variable, vertical, vision, warehousing, warranty, website

Removed: Aid, authorized, began, card, charge, closure, collateral, compete, consent, customary, delivered, disciplined, drawdown, employ, employer, estate, Eurodollar, headcount, landlord, maintaining, negotiated, onset, open, originated, outbreak, point, preceding, privately, produce, prompt, protect, rationalization, relief, repurchase, responsible, reviewing, side, withdrawing

From filing 10-Q 2022 Q2

Financial reports

View all

Annual report (amended)

29 Apr 22

10-Q