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Distribution Solutions Group (DSGR)
NASDAQ:DSGR
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: strong top-line growth (FY revenue +9.8%), robust cash generation, improving capabilities at high-margin businesses (notably Gexpro Services), and deliberate investments in leadership, digital tools, and M&A that position the company for longer-term improvement. Offsetting these positives were meaningful margin compression, a decline in non-GAAP EPS, several one-time and timing-related cost pressures in Q4 (healthcare, bad debt, recruiting/onboarding), operational challenges in Lawson’s small-account base and Canada integration, and near-term margin headwinds expected in Q1 2026. Management emphasizes a multi-quarter recovery path driven by execution and reinvestment, so the narrative is constructive on strategy but cautious on short-term profitability.Company Guidance
Record Full-Year Revenue Growth
Total revenue of $1,980,000,000 for FY2025, up 9.8% year-over-year, driven by organic average daily sales growth of 3.6% and $121.5M incremental revenue from 2024 acquisitions.
Strong Cash Generation and Liquidity
Generated $84,000,000 of cash from operations in 2025 (up from $56,000,000 in 2024), total available liquidity of $469,000,000, and unrestricted/restricted cash of $75,300,000; free cash flow conversion approximately 85%.
Gexpro Services Outperformance and Margin Expansion
Gexpro Services revenue grew to $496,700,000 with organic ADS up 12.3% (total ADS >13%) for the year; adjusted EBITDA expanded to $63.7M with margins improving nearly 300 bps historically to 12.8% and demonstrating scale and geographic reach.
Continued Growth at TestEquity (Topline Momentum)
TestEquity Group full-year sales of $783,200,000 with average daily sales growth of 2% (organic ADS +1%); early 2026 backlog build in January/February signals accelerating demand in key Test & Measurement areas.
Progress on Commercial and Digital Initiatives
Investments in CRM, route optimization tools, ERP consolidation, ecommerce expansion (Lawson ecommerce +18% Q4; >30% of ecommerce customers new), and AI-enabled automation to improve sales effectiveness and customer experience.
Strategic Leadership and Talent Investments
Key senior hires to strengthen execution and commercial performance: Lawson CRO Jim Slunka and Chief People Officer Hillary Bryant, added M&A lead Sean Dwyer, and reinforced TestEquity leadership — positioning the organization for improved accountability and execution.
Targeted M&A and Bolt/Source Atlantic Integration
Completed tuck-in M&A build (nine acquisitions ~ $450M invested historically); Canadian sales increased (to $221.4M USD) primarily due to Source Atlantic acquisition, and Bolt Supply delivered 7.8% local-currency sales growth with a 14% margin for the year.
Return of Profitability on GAAP Basis and Shareholder Returns
GAAP net income per diluted share of $0.18 (vs. GAAP loss $0.16 prior year); board expanded share repurchase authorization by $30M (total $67.5M), and $23.5M returned through repurchases in 2025.
DSGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DSGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $29.71 | $21.90 | -26.29% |
Oct 30, 2025 | $29.75 | $27.87 | -6.34% |
Jul 31, 2025 | $28.84 | $29.97 | +3.92% |
May 01, 2025 | $26.04 | $24.22 | -6.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Distribution Solutions Group (DSGR) report earnings?
Distribution Solutions Group (DSGR) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Distribution Solutions Group (DSGR) earnings time?
Distribution Solutions Group (DSGR) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DSGR EPS forecast?
DSGR EPS forecast for the fiscal quarter 2026 (Q1) is 0.16.