DSGR on Nasdaq
Distribution Solutions Group, Inc.
American wholesale-machinery company, incorporated in Delaware1
In its 2026 annual report the company says: “Distribution Solutions Group, Inc., a Delaware corporation, is a global specialty distribution company providing value-added distribution solutions to the maintenance, repair and operations, original equipment manufacturer and industrial technology markets.”4 It is headquartered in Fort Worth, Texas.1 Its shares trade on Nasdaq under the symbol DSGR.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Applied Industrial Technologies, WILLIS LEASE FINANCE CORP or AerSale Corp, or pick any stock.
- TickerDSGR on Nasdaq1
- IndustryWholesale-Machinery, Equipment & Supplies1
- HeadquartersFort Worth, Texas1
- Incorporated inDE2
- Business address301 Commerce Street, Suite 1700, Fort Worth, Tx 761022
- Filer categoryAccelerated filer2
See how the biggest companies compare on our leaderboards
Distribution Solutions Group, Inc. (“DSG”), a Delaware corporation, is a global specialty distribution company providing value-added distribution solutions to the maintenance, repair and operations (“MRO”), original equipment manufacturer (“OEM”) and industrial technology markets.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
33.4%Gross margin5
4.0%Operating margin5
0.4%Net margin5
9.8%Revenue growth, 20255
1.3%Return on equity5
1.02×Debt to equity5
$62.8MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
TestEquity brought in 40% of the revenue Distribution Solutions Group, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| TestEquity | $641.6M | $770.9M | $782.4M |
| Gexpro Services | $404.5M | $439.2M | $495.5M |
| Lawson | $468.7M | $469.0M | $481.1M |
| Canada Branch Division | $55.9M | $125.1M | $221.4M |
Regions
United States brought in 74% of the revenue Distribution Solutions Group, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.3B | $1.4B | $1.5B |
| CA [member] | $141.1M | $192.2M | $293.0M |
| Latin America | $74.6M | $131.3M | $117.8M |
| Europe | $79.6M | $58.1M | $64.7M |
| Asia Pacific | $13.5M | $20.6M | $32.2M |
| Other Geographical | $9.8M | $14.0M | $14.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue67¢$1.3B
- Selling, general and admin29¢$583.8M
- Other costs3¢$58.9M
- Income tax1¢$11.1M
- Profit0¢$8.3M
Out of $2.0B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending25¢$21.0M
- Share buybacks28¢$23.8M
- Kept or used elsewhere47¢$39.1M
Out of $83.8M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.0B | $1.8B | $1.6B |
| Cost of goods sold | $1.3B | $1.2B | $1.0B |
| Gross profit | $662.0M | $613.8M | $551.9M |
| Selling, general and administrative expenses | $583.8M | $557.8M | $508.9M |
| Operating income (loss) | $78.3M | $56.0M | $43.0M |
| Interest expense | -$55.4M | -$55.1M | -$42.8M |
| Change in fair value of earnout liabilities | -$1.0M | -$988.0K | $758.0K |
| Other income (expense), net | -$2.5M | -$358.0K | -$3.0M |
| Income (loss) before income taxes | $19.4M | -$536.0K | -$2.0M |
| Total | $11.1M | $6.8M | $7.0M |
| Net income (loss) | $8.3M | -$7.3M | -$9.0M |
| Basic income (loss) per share of common stock (in USD per share) | $0.18 | -$0.16 | -$0.20 |
| Diluted income (loss) per share of common stock (in USD per share) | $0.18 | -$0.16 | -$0.20 |
| Foreign currency translation adjustment | $16.8M | -$16.9M | $4.9M |
| Other | $0 | $0 | -$120.0K |
| Comprehensive income (loss) | $25.1M | -$24.3M | -$4.2M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-08-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $61.8M | $66.5M | $83.9M | ||
| Restricted cash | $13.6M | $15.2M | $15.7M | ||
| Accounts receivable, less allowances of $6,472 and $2,416, respectively | $271.3M | $250.7M | |||
| Inventories | $353.4M | $348.2M | |||
| Prepaid expenses and other current assets | $46.9M | $31.5M | |||
| Total current assets | $746.9M | $712.2M | |||
| Property, plant and equipment, net | $126.6M | $125.5M | |||
| Rental equipment, net | $39.0M | $39.4M | |||
| Goodwill | $467.9M | $462.8M | $399.9M | ||
| Deferred tax asset, net | $1.2M | $136.0K | |||
| Cash value of life insurance | $21.6M | $19.9M | |||
| Right of use operating lease assets | $111.1M | $92.0M | |||
| Other assets | $8.3M | $5.6M | |||
| Total assets | $1.7B | $1.7B | |||
| Accounts payable | $151.2M | $125.6M | |||
| Current portion of long-term debt | $35.5M | $40.5M | |||
| Current portion of lease liabilities | $20.6M | $19.0M | |||
| Accrued expenses and other current liabilities | $84.1M | $81.3M | |||
| Total current liabilities | $291.5M | $266.3M | |||
| Long-term debt, less current portion, net | $664.2M | $693.9M | |||
| Lease liabilities | $98.8M | $77.8M | |||
| Deferred tax liability, net | $20.1M | $22.3M | |||
| Other liabilities | $24.6M | $26.5M | |||
| Total liabilities | $1.1B | $1.1B | |||
| Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding - None | $0 | $0 | |||
| Common stock, $1 par value: Authorized - 70,000,000 shares Issued - 47,860,312 and 47,738,290 shares, respectively Outstanding - 46,180,700 and 46,856,757 shares, respectively | $46.2M | $46.9M | |||
| Capital in excess of par value | $686.2M | $677.5M | |||
| Retained deficit | -$33.7M | -$42.0M | |||
| Treasury stock - 1,679,612 and 881,533 shares, respectively | -$44.0M | -$19.6M | |||
| Accumulated other comprehensive income (loss) | -$5.3M | -$22.1M | |||
| Total stockholders equity | $649.3M | $640.5M | $661.6M | $563.0M | |
| Total liabilities and stockholders equity | $1.7B | $1.7B | |||
| Accounts receivable, less allowance for doubtful accounts | $6.5M | $2.4M | |||
| Preferred stock, par value in USD per share) | $1.00 | $1.00 | |||
| Preferred stock, shares authorized (in shares) | 500.0K shares | 500.0K shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in USD per share) | $1.00 | $1.00 | $1.00 | $1.00 | |
| Common stock, shares authorized (in shares) | 70.0M shares | 70.0M shares | 70.0M shares | ||
| Common stock, shares issued (in shares) | 47.9M shares | 47.7M shares | |||
| Common stock, shares outstanding (in shares) | 46.2M shares | 46.9M shares | |||
| Treasury stock (in shares) | 1.7M shares | 881.5K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-08-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $61.8M | $66.5M | $83.9M | ||
| Restricted cash | $13.6M | $15.2M | $15.7M | ||
| Accounts receivable, less allowances of $6,472 and $2,416, respectively | $271.3M | $250.7M | |||
| Inventories | $353.4M | $348.2M | |||
| Prepaid expenses and other current assets | $46.9M | $31.5M | |||
| Total current assets | $746.9M | $712.2M | |||
| Property, plant and equipment, net | $126.6M | $125.5M | |||
| Rental equipment, net | $39.0M | $39.4M | |||
| Goodwill | $467.9M | $462.8M | $399.9M | ||
| Deferred tax asset, net | $1.2M | $136.0K | |||
| Cash value of life insurance | $21.6M | $19.9M | |||
| Right of use operating lease assets | $111.1M | $92.0M | |||
| Other assets | $8.3M | $5.6M | |||
| Total assets | $1.7B | $1.7B | |||
| Accounts payable | $151.2M | $125.6M | |||
| Current portion of long-term debt | $35.5M | $40.5M | |||
| Current portion of lease liabilities | $20.6M | $19.0M | |||
| Accrued expenses and other current liabilities | $84.1M | $81.3M | |||
| Total current liabilities | $291.5M | $266.3M | |||
| Long-term debt, less current portion, net | $664.2M | $693.9M | |||
| Lease liabilities | $98.8M | $77.8M | |||
| Deferred tax liability, net | $20.1M | $22.3M | |||
| Other liabilities | $24.6M | $26.5M | |||
| Total liabilities | $1.1B | $1.1B | |||
| Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding - None | $0 | $0 | |||
| Common stock, $1 par value: Authorized - 70,000,000 shares Issued - 47,860,312 and 47,738,290 shares, respectively Outstanding - 46,180,700 and 46,856,757 shares, respectively | $46.2M | $46.9M | |||
| Capital in excess of par value | $686.2M | $677.5M | |||
| Retained deficit | -$33.7M | -$42.0M | |||
| Treasury stock - 1,679,612 and 881,533 shares, respectively | -$44.0M | -$19.6M | |||
| Accumulated other comprehensive income (loss) | -$5.3M | -$22.1M | |||
| Total stockholders equity | $649.3M | $640.5M | $661.6M | $563.0M | |
| Total liabilities and stockholders equity | $1.7B | $1.7B | |||
| Accounts receivable, less allowance for doubtful accounts | $6.5M | $2.4M | |||
| Preferred stock, par value in USD per share) | $1.00 | $1.00 | |||
| Preferred stock, shares authorized (in shares) | 500.0K shares | 500.0K shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in USD per share) | $1.00 | $1.00 | $1.00 | $1.00 | |
| Common stock, shares authorized (in shares) | 70.0M shares | 70.0M shares | 70.0M shares | ||
| Common stock, shares issued (in shares) | 47.9M shares | 47.7M shares | |||
| Common stock, shares outstanding (in shares) | 46.2M shares | 46.9M shares | |||
| Treasury stock (in shares) | 1.7M shares | 881.5K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $8.3M | -$7.3M | -$9.0M |
| Depreciation and amortization | $80.9M | $74.4M | $63.6M |
| Amortization of debt issuance costs | $3.2M | $2.9M | $2.4M |
| Stock-based compensation | $6.7M | $5.2M | $7.9M |
| Compensation expense related to employee share purchases | $0 | $0 | $427.0K |
| Deferred income taxes | -$4.0M | -$6.6M | -$8.0M |
| Change in fair value of earnout liabilities | $1.0M | $988.0K | -$758.0K |
| (Gain) loss on sale of rental equipment | -$4.9M | -$2.8M | -$2.7M |
| (Gain) loss on sale of property, plant and equipment | -$708.0K | -$61.0K | $294.0K |
| Charge for step-up of acquired inventory | $0 | $2.9M | $3.6M |
| Net realizable value adjustment and write-offs for obsolete and excess inventory | $7.3M | $6.6M | $9.0M |
| Bad debt expense | $4.4M | $863.0K | $784.0K |
| Accounts receivable | -$21.4M | -$1.4M | $18.0M |
| Inventories | -$7.2M | -$9.2M | -$1.2M |
| Prepaid expenses and other current assets | -$18.2M | -$869.0K | $931.0K |
| Accounts payable | $23.6M | $11.3M | $3.0M |
| Accrued expenses and other current liabilities | $4.0M | -$21.3M | $13.7M |
| Other changes in operating assets and liabilities | $871.0K | $867.0K | $259.0K |
| Net cash provided by (used in) operating activities | $83.8M | $56.5M | $102.3M |
| Purchases of property, plant and equipment | -$21.0M | -$13.7M | -$15.3M |
| Proceeds from sale of property, plant and equipment | $990.0K | $3.7M | $0 |
| Business acquisitions, net of cash acquired | -$2.2M | -$199.4M | -$259.8M |
| Asset acquisitions | $0 | -$15.9M | $0 |
| Purchases of rental equipment | -$19.5M | -$9.5M | -$9.3M |
| Proceeds from sale of rental equipment | $12.7M | $5.1M | $6.0M |
| Other | -$560.0K | $0 | $0 |
| Net cash provided by (used in) investing activities | -$29.5M | -$229.7M | -$278.5M |
| Proceeds from revolving lines of credit | $264.8M | $211.6M | $181.0M |
| Payments on revolving lines of credit | -$260.7M | -$213.6M | -$302.1M |
| Proceeds from term loans | $700.0M | $200.0M | $305.0M |
| Payments on term loans | -$739.6M | -$32.8M | -$26.4M |
| Deferred financing costs | -$4.6M | -$2.1M | -$3.4M |
| Proceeds from rights offering, net of offering costs of $1,531 | $0 | $0 | $98.5M |
| Repurchase of common stock | -$23.8M | -$2.6M | -$3.6M |
| Shares repurchased held in treasury | -$614.0K | -$617.0K | -$287.0K |
| Proceeds from employees for share purchases | $0 | $0 | $3.3M |
| Stock option exercises | $877.0K | $0 | $0 |
| Payment of financing lease principal | -$600.0K | -$653.0K | -$515.0K |
| Payment of earnout | $0 | $0 | -$1.0M |
| Net cash provided by (used in) financing activities | -$64.3M | $159.3M | $250.4M |
| Effect of exchange rate changes on cash and cash equivalents | $3.5M | -$4.0M | $717.0K |
| Increase (decrease) in cash, cash equivalents and restricted cash | -$6.4M | -$17.9M | $74.9M |
| Net cash paid for income taxes | $18.2M | $15.3M | $12.4M |
| Net cash paid for interest | $51.9M | $52.9M | $38.0M |
| Net cash paid for interest on supply chain financing | $2.7M | $2.9M | $2.6M |
| Additions of property, plant and equipment included in accounts payable | $490.0K | $457.0K | $361.0K |
| Right of use assets obtained in exchange for finance lease liabilities | $404.0K | $821.0K | $616.0K |
| Right of use assets obtained in exchange for operating lease liabilities | $38.9M | $14.5M | $19.4M |
| Offering costs | $1.5M |
No quarter-by-quarter statement was filed.
Compare Distribution Solutions Group, Inc. with another company
Corporate structure
Distribution Solutions Group, Inc. sits at the top of its group. 43 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Distribution Solutions Group, Inc.
- KING LUTHER CAPITAL MANAGEMENT CORP Filed SCHEDULE 13D/A on Distribution Solutions Group, Inc., latest Sep 10, 2026 (11 filings since Jan 4, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Distribution Solutions Group, Inc., latest Feb 10, 2023 (2 filings since Feb 8, 2022)
- GAMCO Investors Filed SC 13D/A on Distribution Solutions Group, Inc., latest May 2, 2022
- Distribution Solutions Group, Inc. Fort Worth, Texas
- 301 HW Opus Holdings, Inc. (conducting business as Gexpro Services) Subsidiary · Delaware, United States
- Convertidora HiscoMex, S.A., de C.V. Subsidiary · Mexico
- Gexpro Services Supply Chain Management (Shanghai) Co. Ltd. Subsidiary · China
- GS Holdings Canada Inc. Subsidiary · Canada
- GS Holdings Denmark ApS Subsidiary · Denmark
- GS Holdings RE LLC Subsidiary · Delaware, United States
- GS Operating Holding Hungary Kft. - Dissolved as of 5/22/2024 Subsidiary · Hungary
- GS Operating Magyarország Általános Kereskedelmi és Szolgáltató Kft Subsidiary · Hungary
- GS Operating, LLC Subsidiary · Delaware, United States
- GX Pro Opus, S. de R.L. de C.V. Subsidiary · Mexico
- Heads and Threads, Inc. Subsidiary · Illinois, United States
- HIS Company, Inc. Subsidiary · Texas, United States
- Hisco Acquisition Subsidiary I, Inc. Subsidiary · Texas, United States
- Hisco International, Inc. Subsidiary · Delaware, United States
- HiscoCan Inc. Subsidiary · Ontario, Canada
- HiscoMex, S.A. de C.V. Subsidiary · Mexico
- Interworld Highway, LLC Subsidiary · New Jersey, United States
- Lawson Products Canada Inc. Subsidiary · Canada
- Lawson Products de Mexico, S.A. de C.V. Subsidiary · Mexico
- Lawson Products, Inc. Subsidiary · Illinois, United States
- MCS Rentals Holdings Limited Subsidiary · United Kingdom
- MCS Rentals Limited Subsidiary · United Kingdom
- MCS Test Equipment Limited Subsidiary · United Kingdom
- MCS Test Group Limited Subsidiary · United Kingdom
- MCS Test Holding Limited Subsidiary · United Kingdom
- and 17 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Distribution Solutions Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $195.4M5 Dec 31, 2025 | $173.6M5 Dec 31, 2024 | +12.6% |
| Accumulated depreciation | $68.8M5 Dec 31, 2025 | $48.0M5 Dec 31, 2024 | +43.3% |
| Property and equipment, net | $126.6M5 Dec 31, 2025 | $125.5M5 Dec 31, 2024 | +0.9% |
| Finance-lease assets | $1.6M5 Dec 31, 2025 | $1.7M5 Dec 31, 2024 | −7.6% |
| Operating-lease assets (leased space) | $111.1M5 Dec 31, 2025 | $92.0M5 Dec 31, 2024 | +20.8% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $467.9M5 Dec 31, 2025 | $462.8M5 Dec 31, 2024 | +1.1% |
| Intangible assets, net (excluding goodwill) | $269.8M9 Dec 31, 2024 | $253.8M9 Dec 31, 2023 | +6.3% |
| Finite-lived intangibles, gross | $424.4M5 Dec 31, 2025 | $422.0M5 Dec 31, 2024 | +0.6% |
| Accumulated amortization | $198.3M5 Dec 31, 2025 | $152.3M5 Dec 31, 2024 | +30.3% |
| Finite-lived intangibles, net | $226.1M5 Dec 31, 2025 | $269.8M5 Dec 31, 2024 | −16.2% |
Inventory
Properties, in its own words
Our principal executive office is located in Fort Worth, Texas. As of December 31, 2025, we owned or leased multiple properties in the United States and abroad, including office spaces, distribution centers, warehouses and branch retail locations.
Owned and leased properties by reportable segment as of December 31, 2025 are summarized below.
The rest of Item 2
Number of Properties
Lawson · TestEquity · Gexpro Services · Canada Branch Division · All Other(1)
Offices · 2 · 5 · 3 · 2 · 1
Distribution centers/warehouses · 7 · 41 · 32 · 1 · —
Branch locations · 5 · — · — · 35 · —
Other (2) · 1 · — · — · — · —
Total · 15 · 46 · 35 · 38 · 1
(1)Includes our principal executive office.
(2)Unoccupied facility related to a discontinued business in a prior year.
While we believe that our facilities are adequate to meet our current needs, we will continue to assess the location and operation of our facilities to determine whether they meet the strategic needs of our business.
Item 2 of the 10-K filed Mar 5, 2026.4
Leadership
Who has led Distribution Solutions Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerBarry Litwin Aug 18, 2025 to now13
- Chief executive officerCesar Lanuza May 24, 2022 to Aug 18, 202514
- Chief executive officerMichael G. Decata Oct 4, 2012 to Jan 7, 202115
- Chief executive officerThomas Neri Dec 23, 2009 to Dec 27, 201116
- Chief executive officerRobert J. Washlow Dec 18, 2006 to Dec 18, 200617
- ChairRobert J. Washlow Dec 18, 2006 to Dec 18, 200617
- PresidentCesar Lanuza May 24, 2022 to now14
- PresidentMichael G. Decata Oct 4, 2012 to Jan 7, 202115
- PresidentThomas Neri Dec 23, 2009 to Dec 27, 201116
- PresidentJeffrey B. Belford Nov 2, 2006 to Dec 18, 200618
- Chief financial officerRonald J. Knutson Nov 19, 2009 to now19
- Chief financial officerScott F. Stephens Mar 20, 2008 to Mar 20, 200820
- Chief financial officerF. Terrence Blanchard Jul 7, 2008 to Jul 7, 200821
- Chief operating officerHarry Dochelli Dec 23, 2009 to Dec 27, 201122
Board members and other officers (32)
- OfficerCesar Lanuza Apr 11, 2022 to Apr 13, 202223
- OfficerRobert R. Connors Aug 25, 2022 to Sep 9, 202224
- OfficerRuss Frazee Aug 25, 2022 to Sep 9, 202225
- SVP Supply Chain & PlanningChristian Wiltrout May 23, 2013 to Mar 27, 201426
- SVP, Finance-Treasurer & ContrMichael Tuvell May 23, 2013 to Mar 27, 201427
- SVP, Chief Info OfficerRobert Border May 23, 2013 to May 23, 201328
- SVP, OperationsShane McCarthy May 23, 2013 to Jan 4, 202229
- SVP, SalesShon Libby May 23, 2013 to Jan 10, 201430
- Group Pres. MRO & New ChannelsMichael W. Ruprich Mar 20, 2008 to Mar 20, 200831
- EVP, Secretary & Gen CounselNeil E. Jenkins Mar 20, 2008 to Oct 25, 201632
- EVP Sales and MarketingHarry Dochelli Apr 9, 2008 to Apr 9, 200833
- TreasurerWilliam Holmes Jan 9, 2006 to Jan 9, 200634
- Ex.V.P. Fld Sls Strategy & DevRoger F. Cannon May 9, 2006 to Dec 18, 200635
- Vice chairSidney L. Port Dec 12, 2006 to Dec 12, 200636
- Board memberRobert Zamarripa Nov 16, 2022 to now37
- Board memberBianca Rhodes Feb 24, 2021 to now38
- Board memberCharles D. Hale Mar 28, 2019 to May 14, 202039
- Board memberMark F. Moon Mar 28, 2019 to now40
- Board memberMichael G. Decata Aug 5, 2013 to Jan 7, 202141
- Board memberAndrew B. Albert Oct 27, 2009 to Jun 5, 202342
- Board memberI. Steven Edelson Dec 23, 2009 to now43
- Board memberJames S. Errant Apr 23, 2007 to Jan 23, 201944
- Board memberJames T. Brophy May 11, 2006 to May 13, 200845
- Board memberLee S. Hillman May 11, 2006 to now46
- Board memberMitchell H. Saranow May 11, 2006 to May 13, 200847
- Board memberRobert G. Rettig May 11, 2006 to May 15, 201348
- Board memberRonald B. Port May 11, 2006 to Jan 23, 201949
- Board memberThomas Postek May 11, 2006 to May 16, 201850
- Board memberWilma Smelcer May 11, 2006 to Apr 19, 201951
- Board memberSidney L. Port Oct 12, 2006 to Dec 12, 200652
- General counselRichard D. Pufpaf Apr 9, 2021 to now53
- General counselNeil E. Jenkins Jan 4, 2017 to Jan 5, 202154
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 301 HW Opus Holdings, Inc. (conducting business as Gexpro Services) Delaware3
- Convertidora HiscoMex, S.A., de C.V. Mexico3
- GS Holdings Canada Inc. Canada3
- GS Holdings Denmark ApS Denmark3
- GS Holdings RE LLC Delaware3
- GS Operating Holding Hungary Kft. - Dissolved as of 5/22/2024 Hungary3
- GS Operating Magyarország Általános Kereskedelmi és Szolgáltató Kft Hungary3
- GS Operating, LLC Delaware3
- GX Pro Opus, S. de R.L. de C.V. Mexico3
- Gexpro Services Supply Chain Management (Shanghai) Co. Ltd. China3
- HIS Company, Inc. Texas3
- Heads and Threads, Inc. Illinois3
- Hisco Acquisition Subsidiary I, Inc. Texas3
- Hisco International, Inc. Delaware3
- HiscoCan Inc. Ontario, Canada3
- HiscoMex, S.A. de C.V. Mexico3
- Interworld Highway, LLC New Jersey3
- Lawson Products Canada Inc. Canada3
- Lawson Products de Mexico, S.A. de C.V. Mexico3
- Lawson Products, Inc. Illinois3
- MCS Rentals Holdings Limited United Kingdom3
- MCS Rentals Limited United Kingdom3
- MCS Test Equipment Limited United Kingdom3
- MCS Test Group Limited United Kingdom3
All 46 listed subsidiaries
- MCS Test Holding Limited United Kingdom3
- National Engineered Fasteners Inc. Canada3
- PT Gexpro Services Indonesia Indonesia3
- Resolux ApS Denmark3
- Resolux GmbH Germany3
- Resolux Inc. Iowa3
- Resolux India Private Limited India3
- Resolux Turkey Ruzgar Turbinleri Elektrik Aksamlari Sanayi ve Ticaret Anonim Sirketi Turkey3
- Resolux Windpower Technology (Tianjin) Co. Ltd. China3
- Resolux do Brazil Industria e Comercio Especializado em Energia Eolica Ltd. Brazil3
- S&S Automotive Illinois3
- Soucie Salo Limited Canada3
- Source Atlantic Limited Canada3
- Tech Component Resources Pte. Ltd. Singapore3
- Tech-Component Resources Sdn. Bhd. Malaysia3
- TestEquity Acquisition Holdings, LLC Delaware3
- TestEquity Acquisition LLC Delaware3
- TestEquity GmbH Germany3
- TestEquity Inc. Canada3
- TestEquity LLC Delaware3
- TestEquity de Mexico S. de R.L. de C.V. Mexico3
- The Bolt Supply House Ltd. Canada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- LAWSON PRODUCTS INC/NEW/DE/May 3, 1995 to May 2, 20222
Timeline
- Oct 14, 20268-K Other events55
- Oct 8, 20268-K Regulation FD disclosure56
- Oct 5, 20268-K Regulation FD disclosure57
- Sep 10, 20268-K Regulation FD disclosure58
- Aug 6, 20268-K Results of operations59
- Jul 16, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure60
- May 14, 20268-K Shareholder vote61
- Apr 30, 20268-K Results of operations62
- Mar 5, 20268-K Results of operations63
- Dec 22, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure64
- Nov 18, 20258-K Regulation FD disclosure65
- Oct 30, 20258-K Results of operations66
- Aug 18, 2025New chief executive Barry Litwin becomes CEO13
- May 24, 2022New chief executive Cesar Lanuza becomes CEO14
- Oct 4, 2012New chief executive Michael G. Decata becomes CEO15
- Dec 23, 2009New chief executive Thomas Neri becomes CEO16
- Dec 18, 2006New chief executive Robert J. Washlow becomes CEO17
Calendar
Coming up
- Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.40 a share, on Oct 30, 2025.67
When it reported results
- Aug 6, 2026Reported quarterly or annual results59
- Apr 30, 2026Reported quarterly or annual results62
- Mar 5, 2026Reported quarterly or annual results63
- Oct 30, 2025Reported quarterly or annual results66
- Jul 31, 2025Reported quarterly or annual results68
- May 1, 2025Reported quarterly or annual results69
- Mar 6, 2025Reported quarterly or annual results70
- Oct 31, 2024Reported quarterly or annual results71
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
241 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 66 major events, 104 insider forms, 14 large holders, 36 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 14, 2026DEFA14A EDGAR
- Oct 14, 20268-K EDGAR
- Oct 8, 2026DEFA14A EDGAR
- Oct 8, 20268-K EDGAR
- Oct 5, 2026DEFA14A EDGAR
- Oct 5, 20268-K EDGAR
- Sep 10, 2026SCHEDULE 13D/A EDGAR
- Sep 10, 2026DEFA14A EDGAR
- Sep 10, 20268-K EDGAR
- Sep 1, 2026SC 13E3 EDGAR
- Sep 1, 2026PREM14A EDGAR
- Aug 18, 20264 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 16, 2026SCHEDULE 13D/A EDGAR
- Jul 16, 2026DEFA14A EDGAR
- Jul 16, 20268-K EDGAR
- Jun 5, 20264 EDGAR
- May 15, 20264 EDGAR
The 241 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
21 open-market trades by officers, directors and large owners since October 2021: 21 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 10, 2026 | Zamarripa RobertDirector | Buy | 14,000 | $21.23 | $297.2K | Form 4 |
| Jun 7, 2024 | Zamarripa RobertDirector | Buy | 4,000 | $30.24 | $121.0K | Form 4 |
| Sep 7, 2023 | Lanuza CesarPresident and CEO | Buy | 204 | $26.13 | $5.3K | Form 4 |
| Sep 6, 2023 | Lanuza CesarPresident and CEO | Buy | 9,696 | $25.63 | $248.5K | Form 4 |
| Aug 30, 2022 | MOON MARK FDirector | Buy | 1,000 | $41.14 | $41.1K | Form 4 |
| Jun 15, 2022 | MOON MARK FDirector | Buy | 5,000 | $51.00 | $255.0K | Form 4 |
| Jun 15, 2022 | 301 HW Opus Investors, LLC10% owner | Buy | 10,000 | $51.00 | $510.0K | Form 4 |
| Jun 7, 2022 | Lanuza CesarPresident and CEO | Buy | 3,180 | $43.20 | $137.4K | Form 4 |
| Jun 6, 2022 | Lanuza CesarPresident and CEO | Buy | 100 | $41.34 | $4.1K | Form 4 |
| Jun 6, 2022 | Lanuza CesarPresident and CEO | Buy | 5,672 | $41.11 | $233.2K | Form 4 |
| Jun 3, 2022 | Lanuza CesarPresident and CEO | Buy | 3,251 | $37.99 | $123.5K | Form 4 |
| Jun 2, 2022 | Lanuza CesarPresident and CEO | Buy | 210 | $38.19 | $8.0K | Form 4 |
| Jun 2, 2022 | Lanuza CesarPresident and CEO | Buy | 4,087 | $38.40 | $157.0K | Form 4 |
| Jun 1, 2022 | Lanuza CesarPresident and CEO | Buy | 323 | $37.93 | $12.3K | Form 4 |
| Jun 1, 2022 | Lanuza CesarPresident and CEO | Buy | 2,154 | $38.08 | $82.0K | Form 4 |
| May 31, 2022 | Lanuza CesarPresident and CEO | Buy | 1,669 | $37.65 | $62.8K | Form 4 |
| May 27, 2022 | Lanuza CesarPresident and CEO | Buy | 1,754 | $39.39 | $69.1K | Form 4 |
| May 26, 2022 | Lanuza CesarPresident and CEO | Buy | 300 | $38.62 | $11.6K | Form 4 |
| May 25, 2022 | Lanuza CesarPresident and CEO | Buy | 1,800 | $38.22 | $68.8K | Form 4 |
| May 24, 2022 | Lanuza CesarPresident and CEO | Buy | 184 | $37.29 | $6.9K | Form 4 |
All 21 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- KING LUTHER CAPITAL MANAGEMENT CORPSCHEDULE 13D/A, 11 filings Jan 4, 2022 to Sep 10, 202672
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 2 filings Feb 8, 2022 to Feb 10, 202373
- GAMCO InvestorsSC 13D/A, 1 filing May 2, 202274
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Barry Litwin | $6.7M75 | ||
| 2025 | Cesar A. Lanuza | $772.8K75 | ||
| 2025 | Robert H. Connors | $689.5K75 | ||
| 2025 | Ronald J. Knutson | $636.3K75 | ||
| 2024 | President and Chief Executive OfficerGexpro Services | $564.0K75 | ||
| 2024 | Executive Vice PresidentChief Financial Officer and Treasurer | $558.2K75 | ||
| 2023 | Executive Vice PresidentChief Financial Officer and Treasurer | $2.7M75 | ||
| 2023 | President and Chief Executive OfficerLawson | $1.2M75 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Distribution Solutions Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDistribution Solutions Group, Inc.1
- CIK0000703604
- Employer ID (EIN)36-22293044
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)5080 Wholesale-Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address301 Commerce Street, Suite 1700, Fort Worth, TX 761021
- Phone(888) 611-98881
- Shares outstanding46,255,422 as of Jul 31, 202611
- Public float$258.1M as of Jun 30, 20254
- AuditorGrant Thornton, LLP, Dallas, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceJan 30, 19951
- Filings1,316 in all: 4 (567), 8-K (284), 10-Q (95), SC 13G/A (59), SC 13D/A (52), 3 (40), 4/A (33), DEF 14A (33)1
All 36 form types
10-K (25), UPLOAD (17), DEFA14A (15), SC 13G (12), 3/A (11), CORRESP (10), SC 13D (8), 10-K405 (6), 8-K/A (5), ARS (5), EFFECT (4), SC TO-I/A (4), SCHEDULE 13D/A (4), 10-K/A (3), 5 (3), S-3 (3), S-8 (3), 10-Q/A (2), DEFR14A (2), PRE 14A (2), PREM14A (2), 424B5 (1), 5/A (1), DEFM14A (1), POS AM (1), S-3/A (1), SC 13E3 (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 1, 2026
Latest 8-K (8-K) Oct 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $1.00 par value | DSGR | NASDAQ |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Distribution Solutions Group, Inc. names in Item 1A of its 10-K filed Mar 5, 2026: 32 risks under these headings, as written.4
- Business Risks
- A significant portion of our inventory may become obsolete.
- Work stoppages and other disruptions at transportation centers or shipping ports, along with other supply chain disruptions, may adversely affect our ability to obtain inventory and make deliveries to our customers.
- Changes in our customers, product mix and pricing strategy could cause our gross profit margin percentage to decline in the future.
- Disruptions of our information and communication systems could adversely affect the Company.
- Cyber-attacks or other information security incidents could have a material adverse effect on our business strategy, results of operations or financial condition and subject us to additional legal costs.
- The increased use of AI may impact our industry and the markets in which we compete, and the development and use of AI presents potential competitive and other risks.
- The inability to successfully recruit, integrate and retain productive sales representatives could adversely affect our business, financial condition and operating results.
- Failure to retain talented employees, managers and executives could negatively impact our business and operating results.
- There may be difficulties in integrating certain operations of businesses we acquire with our other operations, and the failure to successfully combine those operations within our expected timetable could adversely affect our future results and the market price of our common stock.
- The inability of management to successfully implement changes in operating processes could lead to disruptions in our operations.
- We operate in highly competitive markets.
The other 21 risks
- We may be required to recognize impairment charges for goodwill and other intangible assets.
- Changes that affect governmental and other tax-supported entities, including but not limited to changes arising from geopolitical instability and military hostilities, could negatively impact our revenue and earnings.
- We are required to evaluate our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002 and any adverse results from such evaluation, and any failure to maintain effective internal controls over financial reporting, could result in a loss of investor confidence in our financial reports and could have an adverse effect on our stock price.
- Debt Financing Risks
- We have a significant amount of indebtedness, and our significant indebtedness could adversely affect our business, financial condition and results of operations.
- Failure to adequately fund our operating and working capital needs through cash generated from operations and borrowings available under our Amended Credit Agreement could negatively impact our ability to invest in our business and maintain our capital structure.
- Our business, financial condition and operating results could be materially adversely affected if we failed to meet the covenant requirements of our Amended Credit Agreement.
- Government efforts to combat inflation, or other interest rate pressures, could lead to higher financing costs.
- Common Stock Risks
- The market price of our common stock may decline.
- Entities affiliated with LKCM and J. Bryan King beneficially own a significant majority of the outstanding DSG common stock and, therefore, have significant influence over our Company, which could delay or deter a change in control or other business combination or otherwise cause us to take actions with which you may disagree.
- Entities affiliated with LKCM beneficially own a significant number of shares of DSG common stock, and any sales of any such shares or the possibility of any such sales could have a negative effect on the price of DSG common stock.
- Legal and Regulatory Risks
- A violation of federal, state or local environmental protection regulations could lead to significant penalties and fines or other remediation costs.
- Our results of operations could be affected by changes in taxation.
- From time to time we may become subject to income tax audits, sales tax audits or similar proceedings, and as a result we may incur additional costs and expenses or owe additional taxes, interest and penalties that may negatively impact our operating results.
- Our international operations subject us to additional legal and regulatory regimes.
- Our ability to use our net operating losses and certain other tax attributes may be subject to limitations.
- Public Health Emergencies Risks
- Public health emergencies, whether domestic or international, such as the COVID-19 pandemic, may materially adversely affect our business strategy, financial condition or results of operations.
- General Risks
- Our results of operations may be adversely impacted by a downturn in the economy or in certain sectors of the economy.
- Changes in energy costs, tariffs, transportation costs and the cost of raw materials used in our products, and other inflationary pressures, could impact our cost of goods and distribution and occupancy expenses, which may result in lower operating margins.
- Enhanced tariffs, changes in trade policies and changes in import and export regulations of U.S. and foreign governments may have a negative effect on global economic conditions, financial markets and our cost of goods, which may result in lower operating margins.
- Supply chain constraints, inflationary pressure and labor shortages could impact our cost of goods and other costs and expenses, which may result in lower gross profit margins and/or otherwise materially adversely affect our business, financial condition and results of operations.
- The Company is exposed to the risk of foreign currency changes.
Legal proceedings
From time to time, the Company is a party to various legal proceedings that have arisen in the ordinary course of business. While the Company is unable to predict the outcome of these lawsuits with certainty, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on the Company’s business, consolidated financial position, cash flows, or results of operations.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARThomas Neri, Chief executive officer
- 17
- 18SEC EDGARJeffrey B. Belford, President
- 19
- 20
- 21
- 22
- 23SEC EDGARCesar Lanuza, Officer
- 24SEC EDGARRobert R. Connors, Officer
- 25SEC EDGARRuss Frazee, Officer
- 26
- 27
- 28
- 29SEC EDGARShane McCarthy, SVP, Operations
- 30SEC EDGARShon Libby, SVP, Sales
- 31
- 32
- 33
- 34SEC EDGARWilliam Holmes, Treasurer
- 35
- 36SEC EDGARSidney L. Port, Vice chair
- 37SEC EDGARRobert Zamarripa, Board member
- 38SEC EDGARBianca Rhodes, Board member
- 39SEC EDGARCharles D. Hale, Board member
- 40SEC EDGARMark F. Moon, Board member
- 41SEC EDGARMichael G. Decata, Board member
- 42SEC EDGARAndrew B. Albert, Board member
- 43SEC EDGARI. Steven Edelson, Board member
- 44SEC EDGARJames S. Errant, Board member
- 45SEC EDGARJames T. Brophy, Board member
- 46SEC EDGARLee S. Hillman, Board member
- 47SEC EDGARMitchell H. Saranow, Board member
- 48SEC EDGARRobert G. Rettig, Board member
- 49SEC EDGARRonald B. Port, Board member
- 50SEC EDGARThomas Postek, Board member
- 51SEC EDGARWilma Smelcer, Board member
- 52SEC EDGARSidney L. Port, Board member
- 53SEC EDGARRichard D. Pufpaf, General counsel
- 54SEC EDGARNeil E. Jenkins, General counsel
- 55SEC EDGAROther events
- 56SEC EDGARRegulation FD disclosure
- 57SEC EDGARRegulation FD disclosure
- 58SEC EDGARRegulation FD disclosure
- 59SEC EDGARResults of operations
- 60
- 61SEC EDGARShareholder vote
- 62SEC EDGARResults of operations
- 63SEC EDGARResults of operations
- 64
- 65SEC EDGARRegulation FD disclosure
- 66SEC EDGARResults of operations
- 67NasdaqNasdaq calendar
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75