Distribution Solutions (DSGR)
Market Price (8/12/2026): $34.89 | Market Cap: $1.6 BilSector: Industrials | Industry: Trading Companies & Distributors
Distribution Solutions (DSGR)
Market Price (8/12/2026): $34.89Market Cap: $1.6 BilSector: IndustrialsIndustry: Trading Companies & Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce & DTC Adoption, and Future of Freight. Themes include Process / Warehouse Automation, Show more. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -40% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 180x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9% Key risksDSGR key risks include [1] challenges successfully integrating its numerous strategic acquisitions, Show more. |
| Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce & DTC Adoption, and Future of Freight. Themes include Process / Warehouse Automation, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -40% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 180x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9% |
| Key risksDSGR key risks include [1] challenges successfully integrating its numerous strategic acquisitions, Show more. |
Qualitative Assessment
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Distribution Solutions (DSGR) stock has gained about 30% since 4/30/2026 because of the following key factors:
1. Increased Take-Private Acquisition Offer Price.
The primary driver of Distribution Solutions Group's stock appreciation was the definitive merger agreement announced on July 15, 2026. Affiliates of LKCM Headwater, which already owned approximately 79% of the company's shares, agreed to acquire the remaining outstanding common stock for $35.00 per share in cash. This represented a substantial increase from an earlier unsolicited proposal of $29.50 per share made on March 14, 2026, and an 81% premium to the $19.31 closing price before the initial offer became public.
2. Strong Fiscal Q2 2026 Earnings Beat.
Distribution Solutions Group reported robust financial results for its fiscal second quarter ended June 30, 2026, announced on August 6, 2026. The company's revenue increased by 11.0% year-over-year to $557.7 million, surpassing analyst estimates of $520.4 million by 7.2%. Furthermore, adjusted diluted earnings per share (EPS) reached $0.47, exceeding analyst consensus estimates of $0.41 by 15.6% and marking an increase from $0.35 in the prior year's comparable quarter and $0.24 in fiscal Q1 2026. Adjusted EBITDA also demonstrated strength, reaching $53.9 million, an 11% beat over estimates.
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Distribution Solutions (DSGR) stock has gained about 30% since 4/30/2026 because of the following key factors:
1. Increased Take-Private Acquisition Offer Price.
The primary driver of Distribution Solutions Group's stock appreciation was the definitive merger agreement announced on July 15, 2026. Affiliates of LKCM Headwater, which already owned approximately 79% of the company's shares, agreed to acquire the remaining outstanding common stock for $35.00 per share in cash. This represented a substantial increase from an earlier unsolicited proposal of $29.50 per share made on March 14, 2026, and an 81% premium to the $19.31 closing price before the initial offer became public.
2. Strong Fiscal Q2 2026 Earnings Beat.
Distribution Solutions Group reported robust financial results for its fiscal second quarter ended June 30, 2026, announced on August 6, 2026. The company's revenue increased by 11.0% year-over-year to $557.7 million, surpassing analyst estimates of $520.4 million by 7.2%. Furthermore, adjusted diluted earnings per share (EPS) reached $0.47, exceeding analyst consensus estimates of $0.41 by 15.6% and marking an increase from $0.35 in the prior year's comparable quarter and $0.24 in fiscal Q1 2026. Adjusted EBITDA also demonstrated strength, reaching $53.9 million, an 11% beat over estimates.
3. Significant Improvement in Operating Cash Flow and Organic Growth.
Beyond the strong top- and bottom-line figures, the company exhibited a notable turnaround in operating cash flow during fiscal Q2 2026, generating $22.0 million compared to a cash usage of $20.4 million in the preceding fiscal first quarter of 2026. This improvement was supported by a healthy organic sales growth of 10.2% year-over-year. The TestEquity segment, a component of Distribution Solutions Group, was a key contributor, with its revenue growing by 17.4% year-over-year in fiscal Q2 2026 to $229.0 million.
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Stock Movement Drivers
Fundamental Drivers
The 28.9% change in DSGR stock from 4/30/2026 to 8/11/2026 was primarily driven by a 59.5% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.06 | 34.87 | 28.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,998 | 2,053 | 2.8% |
| Net Income Margin (%) | 0.3% | 0.4% | 59.5% |
| P/E Multiple | 228.7 | 179.9 | -21.3% |
| Shares Outstanding (Mil) | 46 | 46 | 0.0% |
| Cumulative Contribution | 28.9% |
Market Drivers
4/30/2026 to 8/11/2026| Return | Correlation | |
|---|---|---|
| DSGR | 28.9% | |
| Market (SPY) | 7.2% | -0.5% |
| Sector (XLI) | 6.4% | 7.4% |
Fundamental Drivers
The 22.8% change in DSGR stock from 1/31/2026 to 8/11/2026 was primarily driven by a 18.2% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.39 | 34.87 | 22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,979 | 2,053 | 3.8% |
| P/S Multiple | 0.7 | 0.8 | 18.2% |
| Shares Outstanding (Mil) | 46 | 46 | 0.2% |
| Cumulative Contribution | 22.8% |
Market Drivers
1/31/2026 to 8/11/2026| Return | Correlation | |
|---|---|---|
| DSGR | 22.8% | |
| Market (SPY) | 11.7% | 15.7% |
| Sector (XLI) | 12.6% | 23.7% |
Fundamental Drivers
The 16.3% change in DSGR stock from 7/31/2025 to 8/11/2026 was primarily driven by a 97.5% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.97 | 34.87 | 16.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,929 | 2,053 | 6.4% |
| Net Income Margin (%) | 0.2% | 0.4% | 97.5% |
| P/E Multiple | 326.3 | 179.9 | -44.9% |
| Shares Outstanding (Mil) | 46 | 46 | 0.4% |
| Cumulative Contribution | 16.3% |
Market Drivers
7/31/2025 to 8/11/2026| Return | Correlation | |
|---|---|---|
| DSGR | 16.3% | |
| Market (SPY) | 22.9% | 21.9% |
| Sector (XLI) | 23.4% | 29.4% |
Fundamental Drivers
The 25.8% change in DSGR stock from 7/31/2023 to 8/11/2026 was primarily driven by a 143.5% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.72 | 34.87 | 25.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,346 | 2,053 | 52.6% |
| Net Income Margin (%) | 1.2% | 0.4% | -63.0% |
| P/E Multiple | 73.9 | 179.9 | 143.5% |
| Shares Outstanding (Mil) | 42 | 46 | -8.6% |
| Cumulative Contribution | 25.8% |
Market Drivers
7/31/2023 to 8/11/2026| Return | Correlation | |
|---|---|---|
| DSGR | 25.8% | |
| Market (SPY) | 74.3% | 32.0% |
| Sector (XLI) | 75.2% | 40.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DSGR Return | 8% | -33% | 72% | 9% | -20% | 27% | 38% |
| Peers Return | 53% | -3% | 43% | 11% | -2% | 42% | 229% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| DSGR Win Rate | 50% | 42% | 75% | 58% | 42% | 75% | |
| Peers Win Rate | 70% | 45% | 65% | 58% | 50% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DSGR Max Drawdown | -25% | -52% | -27% | -23% | -31% | -38% | |
| Peers Max Drawdown | -16% | -26% | -15% | -22% | -26% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GWW, FAST, MSM, AIT, TRNS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/11/2026 (YTD)
How Low Can It Go
| Event | DSGR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.1% | -18.8% |
| % Gain to Breakeven | 23.5% | 23.1% |
| Time to Breakeven | 86 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.5% | -9.5% |
| % Gain to Breakeven | 16.9% | 10.5% |
| Time to Breakeven | 33 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.9% | -6.7% |
| % Gain to Breakeven | 23.3% | 7.1% |
| Time to Breakeven | 41 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -51.2% | -24.5% |
| % Gain to Breakeven | 104.8% | 32.4% |
| Time to Breakeven | 237 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.5% | -33.7% |
| % Gain to Breakeven | 90.3% | 50.9% |
| Time to Breakeven | 223 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.4% | -19.2% |
| % Gain to Breakeven | 15.5% | 23.8% |
| Time to Breakeven | 111 days | 105 days |
In The Past
Distribution Solutions's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
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| Event | DSGR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -51.2% | -24.5% |
| % Gain to Breakeven | 104.8% | 32.4% |
| Time to Breakeven | 237 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.5% | -33.7% |
| % Gain to Breakeven | 90.3% | 50.9% |
| Time to Breakeven | 223 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.9% | -12.2% |
| % Gain to Breakeven | 61.1% | 13.9% |
| Time to Breakeven | 347 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -22.9% | -0.2% |
| % Gain to Breakeven | 29.7% | 0.2% |
| Time to Breakeven | 35 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.1% | -17.9% |
| % Gain to Breakeven | 41.0% | 21.8% |
| Time to Breakeven | 1034 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.0% | -15.4% |
| % Gain to Breakeven | 28.2% | 18.2% |
| Time to Breakeven | 7 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -67.4% | -53.4% |
| % Gain to Breakeven | 207.2% | 114.4% |
| Time to Breakeven | 3444 days | 1085 days |
In The Past
Distribution Solutions's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Distribution Solutions (DSGR)
Distribution Solutions (DSGR), trading as Lawson Products, Inc., is a specialized distributor of essential products for maintenance, repair, and operations (MRO). The company primarily focuses on providing a wide range of specialty industrial products that businesses and organizations need to keep their facilities and equipment running smoothly.
DSGR's product offerings cater to a diverse clientele within the industrial, commercial, institutional, and government sectors. These customers rely on DSGR for critical MRO supplies across various industries. The company serves a broad geographic footprint, including the United States, Puerto Rico, Canada, Mexico, and the Caribbean, positioning itself as a key supplier for operational upkeep across North America and beyond.
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- Like Grainger for industrial and commercial MRO (maintenance, repair, and operations) supplies.
- Like Fastenal, but for a broader range of specialty MRO products for businesses and government.
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- Maintenance, Repair, and Operations (MRO) Products: Distribution of a wide range of specialty MRO products including fasteners, chemicals, cutting tools, and safety supplies for industrial and commercial use.
- Test and Measurement Equipment Distribution: Sales and distribution of new and used electronic test and measurement equipment for various industries.
- Environmental Test Chambers: Manufacturing of environmental test chambers used for product testing and research.
- Calibration Services: Providing calibration and repair services for a broad range of test and measurement instruments.
- Supply Chain Solutions for OEMs: Offering comprehensive supply chain management and engineered services, including global sourcing, kitting, and inventory management for original equipment manufacturers.
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J. Bryan King
Chairman & CEO
J. Bryan King was appointed Chairman & CEO of Distribution Solutions Group effective May 1, 2022. He has served as an investment manager for lower middle market investments in both public and private companies since 1994. His partnerships, focused on private capital, manage over $2 billion, emphasizing long-term investment strategies to build profitable and durable businesses. Mr. King also previously served as Chairman of Lawson Products.
Ron Knutson
EVP & Chief Financial Officer
Ron Knutson is the Executive Vice President and Chief Financial Officer of Distribution Solutions Group, a position he also holds for Lawson Products. He joined Lawson Products in 2009, bringing extensive financial expertise across public and private companies in the distribution, transportation, and retail sectors. Earlier in his career, Mr. Knutson was Senior Vice President and CFO of Frozen Food Express Industries, Vice President of Finance at Ace Hardware Corporation, and CFO and Treasurer at Mascal Electric, a privately held company. He also worked as a Senior Manager at KPMG. During his tenure at Lawson, Mr. Knutson has been instrumental in key strategic initiatives, including network optimization, ERP implementation, and sales channel transformation to enhance the company's financial strength.
Cesar Lanuza
President & Chief Executive Officer, Lawson Products
Cesar Lanuza serves as the President and CEO of Lawson Products, having joined the company in 2022. He brings 30 years of international expertise in industrial and commercial distribution. Before joining Lawson Products, Mr. Lanuza was CEO and Director at Jon-Don, LLC, a company backed by private equity firms Incline Equity Partners and Trivest Partners, where he expanded the business through new markets, capabilities, and multiple acquisitions. His previous roles include President, North America and Asia Pacific, at Optimas OE Solutions, LLC, and Vice President/General Manager at W.W. Grainger, Inc., where he held senior-level positions across North America, Mexico, and Latin America. He also held leadership positions at GE Healthcare, United Technologies, and Cerveceria Americana.
Robert H. Connors
President & Chief Executive Officer, Gexpro Services
Robert H. Connors is the President and CEO of Gexpro Services, where he also sits on the Board of Directors, having joined the company in 2004. He leads Gexpro Services' global supply chain and C-Parts business, offering comprehensive end-to-end solutions for Original Equipment Manufacturers, Aftermarket, and Field Installations. Prior to his current role, Mr. Connors held key executive leadership positions with Rexel Holdings USA and General Electric, including Division President and General Manager at GE Supply Logistics, General Manager Sales at GE Transmission & Distribution, and Region Sales Manager for GE Industrial Systems Automation, Technology & Services. He also held several field leadership roles, such as Branch Manager, Operations Manager, and Sales Leader, during his 18-year career at General Electric.
Barry Litwin
Chief Executive Officer, TestEquity
Barry Litwin is the Chief Executive Officer of TestEquity, a position he assumed effective July 14, 2025. He has 30 years of leadership experience in scaling omnichannel businesses within industrial distribution and consumer retail markets. Before TestEquity, Mr. Litwin served as CEO of Global Industrial Company from 2019 to 2024, a $1.4 billion value-added distributor, where he was responsible for strategic direction, day-to-day operations, and driving growth, operational excellence, and digital transformation, including the acquisition of Indoff in May 2024. Earlier, he was CEO of Adorama, a leading distributor of audio and video equipment, and held senior leadership roles at Office Depot, Newark / Premier Farnell, and Sears, where he oversaw e-commerce, marketing, and customer experience.
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Distribution Solutions Group (DSGR), a multi-platform specialty distribution company, faces several key risks to its business operations and financial performance.
The most significant risk stems from its vulnerability to supply chain disruptions, geopolitical uncertainty, and general economic downturns. The company's ability to procure and deliver products in a timely manner can be significantly hampered by geopolitical instability, which elevates its risk profile and adversely affects global supply chains. Issues such as work stoppages, disruptions at transportation centers, and shipping port delays can directly impact inventory management and timely customer delivery. Furthermore, a non-robust global economic health and slackness can increase the company's risk factors.
Another critical risk for Distribution Solutions Group is its high level of indebtedness, which impacts its financial flexibility. As of December 31, 2023, DSGR had $574.7 million in indebtedness, and by September 2025, this figure was around $708.0 million. This substantial debt can limit the company's financial maneuverability and increase its susceptibility to economic downturns. Concerns have also been raised regarding the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
Lastly, the company faces considerable risks related to cybersecurity threats and its reliance on information and communication systems. Distribution Solutions Group heavily depends on its digital technology for processing orders, managing inventory, and overall operations. Any disruptions resulting from power outages, hardware failures, or cyber incidents could significantly impair its business functions. The company has previously experienced a cyber incident, underscoring the ongoing nature of this threat.
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The emergence of highly advanced, AI-driven B2B e-commerce platforms that offer integrated, predictive MRO (maintenance, repair, and operations) supply chain management. These platforms could leverage artificial intelligence to forecast demand, automate procurement, optimize logistics for just-in-time delivery, and offer a vast, consolidated catalog of MRO products at competitive prices, potentially bypassing the need for traditional specialty product distributors like Lawson Products.AI Analysis | Feedback
Distribution Solutions (DSGR) operates significantly within the Maintenance, Repair, and Operations (MRO) distribution market. The addressable market for their main products and services in this area is substantial.
The North American MRO distribution market was estimated at approximately USD 161.70 billion in 2024. Projections indicate continued growth, with the market anticipated to reach USD 200.37 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period. Another estimate placed the North American MRO distribution market size at USD 152.50 billion in 2023. This market encompasses the supply of industrial parts, components, and services essential for the maintenance, repair, and overhaul of equipment across various industries.
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Here are 3-5 expected drivers of future revenue growth for Distribution Solutions (DSGR) over the next 2-3 years:
- Strategic Acquisitions: Distribution Solutions Group (DSGR) has demonstrated a consistent strategy of growing through strategic acquisitions. For example, a significant portion of its 2025 revenue increase was attributed to acquisitions, and the company recently announced the acquisition of Eastern Valve & Control Specialties, which is expected to immediately contribute to its Canadian segment. The holding company structure is specifically designed to facilitate accelerated expansion through business acquisitions across its combined platform.
- Organic Growth and Strategic Investments in Key Verticals: The company consistently reports organic average daily sales growth, achieving 3.6% in 2025. DSGR is focused on internal reinvestments and operational efficiencies to drive growth, particularly in high-margin businesses. Significant investments are being made in Gexpro Services to enhance its global capabilities, especially in high-demand sectors such as aerospace, defense, and renewables. Lawson Products is also seeing an increased focus on local sales and service.
- Expansion of Digital Capabilities and E-commerce Platforms: Distribution Solutions is expanding its digital capabilities and e-commerce platforms, which is contributing to enhanced customer engagement and operational efficiency, thereby driving revenue growth.
- New Customer Programs and Cross-Selling Opportunities: The strategic combination of Lawson, TestEquity, and Gexpro Services under the DSGR umbrella creates opportunities to be a one-stop provider for OEM and MRO customers. This structure enables cross-selling and the delivery of services across a broader, combined customer base. The development of new customer programs is also identified as a growth opportunity.
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Share Repurchases
- Distribution Solutions Group authorized an additional $30 million for its share repurchase program in November 2025, bringing the total available authorization to nearly $33 million, including $2.9 million remaining from prior authorizations.
- For the fiscal year 2025, the company repurchased $23.5 million of its common stock at an average price of $30.26 per share.
- In fiscal year 2024, Distribution Solutions Group repurchased 85,644 shares of common stock at an average cost of $30.13 per share, with $26.4 million remaining under the program.
Share Issuance
- On April 1, 2022, Distribution Solutions Group issued shares of its common stock to the former equityholders of TestEquity and Gexpro Services as part of the strategic mergers that combined these businesses under the DSG holding company.
- As of February 27, 2026, Distribution Solutions Group had 46,186,293 shares of common stock outstanding.
- Share and per share data for all periods presented in 2023 reflect a two-for-one stock split.
Outbound Investments
- Since April 2022, Distribution Solutions Group has deployed approximately $550 million across nine acquisitions as part of its growth strategy.
- In 2024, the company deployed approximately $216.0 million to complete five strategic acquisitions, which included the assets of ConRes Test Equipment for about $17.0 million to expand TestEquity's offerings, and Tech-Component Resources Pte Ltd (TCR).
- Key acquisitions in 2022 included TestEquity and Gexpro Services, which were merged into subsidiaries of DSG.
Capital Expenditures
- Net capital expenditures for 2025 totaled $26.8 million.
- Capital expenditures for 2024 were $23.2 million, with anticipated expenditures of $20 million to $25 million for 2025.
- Distribution Solutions Group maintains an asset-light model, with capital expenditures typically around 1% of revenues, contributing to strong free cash flow generation.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 107.72 |
| Mkt Cap | 9.9 |
| Rev LTM | 4,336 |
| Op Inc LTM | 424 |
| FCF LTM | 327 |
| FCF 3Y Avg | 358 |
| CFO LTM | 384 |
| CFO 3Y Avg | 419 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.7% |
| Rev Chg 3Y Avg | 6.1% |
| Rev Chg Q | 10.6% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | -1.6% |
| Op Inc Chg 3Y Avg | 4.1% |
| Op Mgn LTM | 9.6% |
| Op Mgn 3Y Avg | 10.3% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 10.6% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 7.6% |
| FCF/Rev 3Y Avg | 8.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| TestEquity | 783 | 771 | 642 | 392 | 264 |
| Gexpro Services | 497 | 441 | 406 | 385 | 256 |
| Lawson | 481 | 469 | 469 | 325 | |
| Canada Branch Division | 221 | 125 | 56 | 49 | |
| Intersegment revenue elimination | -2 | -2 | -2 | ||
| Total | 1,980 | 1,804 | 1,570 | 1,151 | 520 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gexpro Services | 49 | 37 | 27 | 21 | 11 |
| Lawson | 19 | 15 | 32 | 7 | |
| TestEquity | 14 | 4 | -16 | 11 | 0 |
| Canada Branch Division | 8 | 6 | 6 | 5 | |
| All Other | -11 | -5 | -6 | -2 | |
| Total | 78 | 56 | 43 | 42 | 11 |
| $ Mil | 2025 | 2024 | 2023 | 2021 | 2020 |
|---|---|---|---|---|---|
| TestEquity | 625 | 654 | 378 | ||
| Lawson | 548 | 524 | 312 | 218 | 221 |
| Gexpro Services | 352 | 332 | 142 | ||
| Canada Branch Division | 211 | 199 | |||
| All Other | 13 | 18 | 42 | ||
| Bolt Supply | 47 | 44 | |||
| Investment in Subsidiary | -9 | -9 | |||
| Total | 1,749 | 1,727 | 874 | 256 | 256 |
Price Behavior
| Market Price | $34.87 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $30.06 | $28.32 |
| DMA Trend | up | up |
| Distance from DMA | 16.0% | 23.1% |
| 3M | 1YR | |
| Volatility | 53.5% | 57.3% |
| Downside Capture | -93.89 | 106.69 |
| Upside Capture | 35.53 | 96.52 |
| Correlation (SPY) | -1.1% | 21.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.18 | -0.09 | -0.02 | 0.86 | 0.98 | 0.96 |
| Up Beta | -0.22 | -0.26 | -0.14 | 1.17 | 1.38 | 1.12 |
| Down Beta | 0.30 | 1.00 | 0.57 | 0.57 | 0.70 | 0.87 |
| Up Capture | 8% | 46% | 45% | 101% | 97% | 65% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 22 | 31 | 61 | 121 | 369 |
| Down Capture | -413% | -130% | -85% | 75% | 98% | 99% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 20 | 30 | 63 | 129 | 379 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGR | |
|---|---|---|---|---|
| DSGR | 13.6% | 57.2% | 0.42 | - |
| Sector ETF (XLI) | 24.5% | 17.0% | 1.12 | 29.3% |
| Equity (SPY) | 22.1% | 12.8% | 1.28 | 21.9% |
| Gold (GLD) | 28.2% | 28.4% | 0.86 | 2.9% |
| Commodities (DBC) | 37.4% | 20.1% | 1.47 | -16.0% |
| Real Estate (VNQ) | 12.5% | 13.8% | 0.61 | 25.6% |
| Bitcoin (BTCUSD) | -45.3% | 42.9% | -1.28 | 17.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGR | |
|---|---|---|---|---|
| DSGR | 6.1% | 46.0% | 0.27 | - |
| Sector ETF (XLI) | 14.0% | 17.6% | 0.62 | 39.3% |
| Equity (SPY) | 13.3% | 17.2% | 0.60 | 32.8% |
| Gold (GLD) | 18.8% | 18.6% | 0.82 | 2.7% |
| Commodities (DBC) | 9.3% | 19.6% | 0.36 | 2.1% |
| Real Estate (VNQ) | 1.9% | 18.9% | -0.00 | 29.2% |
| Bitcoin (BTCUSD) | 10.9% | 52.8% | 0.39 | 14.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGR | |
|---|---|---|---|---|
| DSGR | 16.1% | 45.5% | 0.49 | - |
| Sector ETF (XLI) | 14.3% | 20.0% | 0.63 | 44.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 38.9% |
| Gold (GLD) | 12.0% | 16.2% | 0.61 | 0.1% |
| Commodities (DBC) | 7.9% | 18.0% | 0.35 | 11.0% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 36.0% |
| Bitcoin (BTCUSD) | 59.4% | 66.1% | 0.99 | 11.4% |
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Returns Analyses
Earnings Returns History
Updated 8/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 0.1% | ||
| 4/30/2026 | 0.4% | 3.4% | 0.2% |
| 3/5/2026 | -26.3% | -30.6% | -10.4% |
| 10/30/2025 | -6.3% | -9.5% | -8.2% |
| 7/31/2025 | 3.9% | 7.9% | 13.0% |
| 5/1/2025 | -7.0% | -6.1% | 4.6% |
| 3/6/2025 | 9.9% | 6.9% | -2.2% |
| 10/31/2024 | -4.3% | 1.1% | -2.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 10 |
| # Negative | 9 | 9 | 10 |
| Median Positive | 1.9% | 6.1% | 11.0% |
| Median Negative | -7.0% | -6.1% | -9.3% |
| Max Positive | 15.3% | 25.1% | 21.0% |
| Max Negative | -26.3% | -30.6% | -25.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 0.1% | ||
| 4/30/2026 | 0.4% | 3.4% | 0.2% |
| 3/5/2026 | -26.3% | -30.6% | -10.4% |
| 10/30/2025 | -6.3% | -9.5% | -8.2% |
| 7/31/2025 | 3.9% | 7.9% | 13.0% |
| 5/1/2025 | -7.0% | -6.1% | 4.6% |
| 3/6/2025 | 9.9% | 6.9% | -2.2% |
| 10/31/2024 | -4.3% | 1.1% | -2.8% |
| 8/1/2024 | 0.8% | -4.0% | 8.9% |
| 5/2/2024 | 4.6% | 10.2% | 3.3% |
| 3/7/2024 | -7.5% | -0.2% | 14.8% |
| 11/2/2023 | -10.9% | -22.5% | -12.8% |
| 3/9/2023 | -11.3% | -15.9% | -14.1% |
| 11/3/2022 | 15.3% | 25.1% | 21.0% |
| 8/9/2022 | -0.2% | 1.2% | -25.7% |
| 4/28/2022 | 7.2% | 9.9% | 4.1% |
| 2/24/2022 | -1.6% | -5.8% | -13.5% |
| 10/28/2021 | 0.1% | 6.1% | -0.4% |
| 7/29/2021 | 0.9% | -1.4% | -0.4% |
| 4/29/2021 | 2.8% | 5.9% | 17.4% |
| 10/29/2020 | 1.1% | 5.5% | 17.8% |
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 10 |
| # Negative | 9 | 9 | 10 |
| Median Positive | 1.9% | 6.1% | 11.0% |
| Median Negative | -7.0% | -6.1% | -9.3% |
| Max Positive | 15.3% | 25.1% | 21.0% |
| Max Negative | -26.3% | -30.6% | -25.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/24/2019 | 10-Q |
Insider Activity
Updated 6/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zamarripa, Robert | Direct | Buy | 3102026 | 21.23 | 14,000 | 297,220 | 1,000,039 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zamarripa, Robert | Direct | Buy | 3102026 | 21.23 | 14,000 | 297,220 | 1,000,039 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Trading Companies & Distributors Resources |
| Modern Distribution Management (MDM) |
| Industrial Distribution |
| Supply Chain Digital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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