Distribution Solutions Group Inc. (DSG) (NASDAQ: DSGR), Fort Worth, Texas, reported sales for 2024 were $1.8 billion, up 14.9% from 2023. The company reported a loss of $7.3 million in 2024.
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Fourth-quarter 2024 sales were $480 million, up 18.6% from the prior-year period. There was a $26 million net loss for the quarter ending Dec. 31, 2024.
The distributor made five acquisitions in 2024, including two in the fourth quarter: ConRes Test Equipment and Tech-Component Resources.
The company reported sales for business units, including:
- Lawson Products sales were $469 million in 2024, up slightly from $468.71 million in 2023. Fourth-quarter sales were $112 million, up from $110 million in the prior-year period.
- Canada Branch Division sales were $125 million in 2024, up from $56 million in 2023. Fourth-quarter sales were $59 million, up from $13 million from the prior-year period.
- Gexpro Services sales were $441 million in 2024, up from $406 million in 2023. Fourth-quarter sales were $119 million, up from $93 million from the prior-year period.
- TestEquity sales were $771 million in 2024, up from $642 million in 2023. Fourth-quarter sales were $191 million, up slightly from the prior-year period.
Distribution Solutions Group is a multi-platform specialty distribution company providing solutions to the maintenance, repair and operations (MRO), the original equipment manufacturer (OEM) and the industrial technologies markets. DSG was formed through the combination of Lawson Products, Gexpro Services and TestEquity.
