Overview
Distribution Solutions Q3 revenue grows 10.7%, beating analyst expectations
Adjusted EPS for Q3 meets analyst expectations
Company repurchased over $20 mln in common stock, reflecting confidence in performance
Outlook
Company maintains cautious outlook due to tougher year-over-year comparisons
Company confident in leadership's ability to build higher-margin businesses
Result Drivers
ORGANIC SALES GROWTH - Organic daily sales increased by 6.0% year-over-year, contributing to overall revenue growth
ACQUISITIONS - Revenue growth was bolstered by $23.3 mln from acquisitions closed in the second half of 2024
SEGMENT PERFORMANCE - Strong sales growth in Gexpro Services and Canada Branch Division
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $517.96 mln | $501.50 mln (3 Analysts) |
Q3 Adjusted EPS | Meet | $0.40 | $0.40 (3 Analysts) |
Q3 EPS | $0.14 | ||
Q3 Adjusted EBITDA | $48.45 mln | ||
Q3 Adjusted Operating Income | $40.06 mln | ||
Q3 Operating Income | $23.61 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Distribution Solutions Group Inc is $38.50, about 22.7% above its October 29 closing price of $29.76
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nBw8ZMQRGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)