$DSGR reports Q4 and Full Year 2022 Results: Exceeds Expectations, Strong Position for 2023
Mar 9th 2023, 11:33 am
Analyst Summary: Distribution Solutions Group, Inc. (DSG), a company providing MRO, OEM, and industrial technologies solutions, announced its Q4 and full year 2022 results. Q4 results exceeded expectations, with topline growth and sequential improvement in margins. Full-year revenue was $3.3 billion, consisting of organic growth and revenue from acquisitions. DSG's disciplined approach to capital allocation and strengthening balance sheet position the company for further meaningful returns and cash flow in 2023. CEO Shane King expressed satisfaction at successfully completing five acquisitions in 2022 and realizing sequential margin expansion as the year developed. However, uncertainties remain and investors should be aware that forward-looking statements involve inherent risks, uncertainties, and assumptions. The company's management believes that certain non-GAAP financial measures provide meaningful comparisons between current and prior operating periods. Lastly, DSG will conduct a conference call with investors on March 9, 2023, to discuss Q4 2022 results.