STOCK TITAN

Distribution Solutions Group, Inc. - DSGR STOCK NEWS

Welcome to our dedicated page for Distribution Solutions Group news (Ticker: DSGR), a resource for investors and traders seeking the latest updates and insights on Distribution Solutions Group stock.

Distribution Solutions Group, Inc. (DSGR) is a leading industrial distributor specializing in maintenance and repair supplies. Founded in 1952, the company operates through three major segments: Lawson, TestEquity, and Gexpro Services. The core of DSGR's business lies in delivering high-quality products and solutions that enhance the efficiency and productivity of its diverse clientele.

Lawson Products, a well-recognized segment within the group, focuses extensively on providing maintenance and repair supplies. Known for its personal approach and technical expertise, Lawson ensures that customers have the right parts at the right time to tackle their operational challenges. The company has been consistently listed among the 50 best companies to sell for by Selling Power Magazine and holds a prominent position in the Industrial Distribution's Big 50.

TestEquity, another key segment, is dedicated to distributing test and measurement equipment, electronic production supplies, and comprehensive tool kits. This segment serves a broad range of industries including technology, aerospace, defense, automotive, electronics, education, and medical. TestEquity stands out by providing critical solutions and products that support technical and operational excellence.

Gexpro Services further broadens DSGR's portfolio. This segment offers supply chain services and specialized inventory management to a spectrum of industries, ensuring efficient and reliable supply chain operations. Gexpro Services is instrumental in optimizing parts availability and reducing downtime for its customers.

DSGR has demonstrated robust financial health and continues to forge strategic partnerships to expand its market presence. Its commitment to operational excellence and customer satisfaction makes it a pivotal player in the industrial distribution sector.

For more detailed information about Distribution Solutions Group, Inc., visit their official website at www.lawsonproducts.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.76%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
-
Rhea-AI Summary

Distribution Solutions Group, Inc. (NASDAQ: DSGR) will announce its first quarter 2023 results on May 4, 2023, pre-market. A conference call will follow at 9:00 a.m. Eastern Time, with supplemental slides available on the investor relations page.

DSG, formed by the merger of Lawson Products, Gexpro Services, and TestEquity, is dedicated to providing multi-platform distribution solutions across MRO, OEM, and industrial technologies markets. The company serves approximately 110,000 customers globally, employing about 3,100 people and leveraging strong vendor partnerships.

More information is available on their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
none
-
Rhea-AI Summary

Distribution Solutions Group, Inc. (NASDAQ: DSGR) has announced a rights offering, establishing May 1, 2023 as the record date. The company aims to raise up to $100 million through this offering, with rights allocated to shareholders of record. Proceeds will be used for general corporate purposes and to fund the acquisition of HIS Company, Inc., following a Stock Purchase Agreement dated March 30, 2023.

The offering will proceed under an existing shelf registration statement with the Securities and Exchange Commission. DSGR is a leader in specialty distribution, focused on MRO, OEM, and industrial technologies, serving over 110,000 customers globally with a workforce of over 3,100 employees.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
none
Rhea-AI Summary

Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced a rights offering to raise approximately $100 million for its common stock shareholders. The offering will allow stockholders of record to subscribe for shares at no cost, with details to be outlined in a forthcoming prospectus supplement. Currently, Luther King Capital Management owns about 77% of DSGR's stock and intends to fully subscribe to their portion. The proceeds will be used for general corporate purposes and to finance the acquisition of HIS Company, Inc. This announcement is part of continuing efforts to enhance DSG's capital structure.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.26%
Tags
none

FAQ

What is the current stock price of Distribution Solutions Group (DSGR)?

The current stock price of Distribution Solutions Group (DSGR) is $35.85 as of December 20, 2024.

What is the market cap of Distribution Solutions Group (DSGR)?

The market cap of Distribution Solutions Group (DSGR) is approximately 1.7B.

What is Distribution Solutions Group, Inc. known for?

DSGR is known for being a leading distributor of maintenance and repair supplies, operating through its segments Lawson, TestEquity, and Gexpro Services.

What industries does TestEquity serve?

TestEquity serves the technology, aerospace, defense, automotive, electronics, education, and medical industries.

When was Distribution Solutions Group, Inc. founded?

Distribution Solutions Group, Inc. was founded in 1952.

What recognition has Lawson Products achieved?

Lawson Products has been consistently listed among the 50 best companies to sell for by Selling Power Magazine and is ranked in the Industrial Distribution's Big 50.

What type of products does Gexpro Services offer?

Gexpro Services offers supply chain services and specialized inventory management, focusing on optimizing parts availability and reducing downtime.

Where can I learn more about Distribution Solutions Group, Inc.?

You can learn more about Distribution Solutions Group, Inc. by visiting their official website at www.lawsonproducts.com.

What is the stock symbol for Distribution Solutions Group, Inc.?

The stock symbol for Distribution Solutions Group, Inc. is DSGR.

Which segment of DSGR generates the most revenue?

The TestEquity segment derives the key revenue for Distribution Solutions Group, Inc.

Distribution Solutions Group, Inc.

Nasdaq:DSGR

DSGR Rankings

DSGR Stock Data

1.67B
46.20M
1.29%
93.1%
0.6%
Industrial Distribution
Wholesale-machinery, Equipment & Supplies
Link
United States of America
FORT WORTH