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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
CEO
Michael DeCata
Employees
Incorporated
Location
Fiscal year end
Former names
LAWSON PRODUCTS INC/NEW/DE/
SEC CIK
Subsidiaries
Lawson Products Canada Inc. • The Bolt Supply House Ltd. ...
IRS number
362229304

DSGR stock data

Calendar

8 Aug 22
16 Aug 22
31 Dec 22
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

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
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%

Financial report summary

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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

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Positive
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Legalese
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Readability
H.S. sophomore Bad
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