Distribution Solutions Group reported strong second-quarter results, as new acquisitions and steady demand helped drive double-digit sales growth and a sharp increase in profit.
The company brought in $502.4 million in revenue for the quarter ending June 30, up 14% from $439.5 million during the same period last year. Profits rose to $5 million, more than double the $1.9 million earned a year ago.
In the first half of 2025, total revenue reached $980.5 million, up from $855.6 million in the first half of 2024. The company reported a profit of $8.3 million for the first six months of the year, reversing a loss from the same period last year.
“We’re proud to deliver strong results and solid cash flow this quarter,” said CEO and Chairman Bryan King. “Our growth was driven by recent acquisitions and steady demand from customers.”
The company said five businesses it acquired last year added $49 million in new revenue. Sales from its existing business also grew, helped by seasonal demand and improved customer activity.
The company’s operating profit — the amount earned after covering core business costs — nearly doubled to $26.8 million from $14.2 million last year.
Each of DSG’s core business units showed progress. Its Canadian division, which includes Source Atlantic and Bolt Supply House, grew its profit margin, as did Lawson Products, Gexpro Services, and TestEquity. These improvements came from better pricing, improved supply chain performance, and seasonal activity.
The company said it generated $33.3 million in cash during the quarter and ended June with over $300 million in available funds. It also spent $8.8 million to buy back its own stock.
King said the company is in a strong position to make future acquisitions and help customers manage through global trade changes.
“We’re helping customers navigate shifting supply chains and product sourcing,” he said. “That’s increasing our value to them. We’re optimistic about the rest of the year, even with continued uncertainty in the global market.”
Distribution Solutions Group provides products and services to industrial, manufacturing, and maintenance customers. It serves about 200,000 clients through four major brands and operates across North America and in international markets.
