Distribution Solutions Group Inc. reported a 14.3% increase in revenue for the second quarter of 2025, reaching $502.4 million. This growth was driven by $48.8 million of incremental revenue from five acquisitions completed in 2024, alongside a 3.3% organic sales growth over the previous year. Diluted net income per share for the quarter improved to $0.11, compared to $0.04 in the same period last year. Adjusted EBITDA rose to $48.6 million, representing 9.7% of sales, though slightly down from 10.3% in the prior year quarter due to the Source Atlantic acquisition. Cash flow from operations amounted to $33.3 million, with net capital expenditures of $5.5 million and share repurchases of $8.8 million. The company concluded the quarter with total liquidity of $314.4 million, including $61.8 million in cash and $252.7 million available under its credit facility, with a net debt leverage of 3.5x. CEO Bryan King highlighted progress in expanding adjusted margins and improving Canadian margins, alongside the strategic acquisition of bolt-on businesses.