Thu, Mar 6, 12:52 PM (52 days ago)
**Distribution Solutions Group, Inc. (DSGR) 2024 10-K Summary** For the fiscal year ended December 31, 2024, Distribution Solutions Group, Inc. reported total revenue of $1,804,104,000, a 14.8% increase from $1,570,402,000 in 2023. The company experienced a net loss of $7,332,000, compared to a loss of $8,967,000 in the previous year. Operating income rose to $55,955,000, with operating expenses totaling $557,820,000. Earnings per share (EPS) were $(0.16), reflecting ongoing challenges in organic revenue growth. Key strategic actions included multiple acquisitions: ConRes Test Equipment for $17,000,000, Tech-Component Resources for $5,900,000, Source Atlantic for $103,100,000, S&S Automotive for $80,100,000, and Emergent Safety Supply for $9,900,000. The company amended its debt agreement, securing an additional $200 million term loan and increasing its revolving credit facility to $255 million. Future outlook remains cautious, with risks including supply chain disruptions, inflationary pressures, and integration challenges from recent acquisitions. DSG's significant debt, totaling $739,851,000, poses additional financial risks. The company maintains a strong market position but faces competitive pressures across its segments.