Distribution Solutions Group Inc. reported an increase in first quarter sales, reaching $478 million, a 14.9% rise compared to the previous year. This growth included inorganic revenue of $51 million and a 4.3% increase in organic average daily sales. On a constant currency basis, organic average daily sales rose 4.7%, incorporating a full quarter contribution from Source Atlantic. Adjusted EBITDA for the quarter stood at $42.8 million, representing 9.0% of sales, up from 8.7% in the prior year. Diluted net income per share was $0.07, an improvement from a diluted net loss per share of $0.11 in the same quarter last year. Non-GAAP adjusted diluted earnings per share rose to $0.31 from $0.25 in the previous year. The company used cash for net capital expenditures amounting to $5.1 million and share repurchases totaling $11.2 million, concluding the quarter with total liquidity of $304.8 million.
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