Distribution Solutions Group
Supplies MRO, test-equipment and OEM supply-chain products through specialized distribution platforms.
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Profile
Sells MRO products, test and measurement equipment, electronic production supplies and OEM supply-chain services through four reportable segments. The business combines local branch and sales-representative coverage with vendor-managed inventory, kitting, technical support and global logistics.
Supplies specialty products and value-added distribution services for MRO, OEM and industrial technology customers. Lawson serves industrial, commercial, institutional and government maintenance needs; TestEquity covers test equipment and electronic production supplies; Gexpro Services manages production-line supply chains; Canada Branch Division adds Canadian MRO branches through Bolt and Source Atlantic.
Built from the 2022 combination of Lawson, TestEquity and Gexpro Services, the model keeps distinct operating platforms while sharing back-office resources, technology and acquisition integration.
Shipments reach North America, Europe, Asia, South America and the Middle East, with operations anchored in the United States and Canada. Execution depends on customer retention, branch service quality, vendor-managed inventory performance and governance around LKCM's ownership influence.
Company facts
Categories
Key statistics
Year to date +24.1% · Average volume (30d) 233.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 17, 2026 | Barrington | Target | $33 | $35 | ||
| Jul 17, 2026 | Barrington Research | Downgrade | Outperform | Market Perform | ||
| Jul 16, 2026 | Stephens | Target | $35 | |||
| May 21, 2026 | Barrington | Target | $41 | $33 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.22 | $0.18 | −18.2% | $520.8M | $557.7M | +7.1% | +0.06% |
| Apr 30, 2026Q1 FY26 | $0.26 | $0.24 | −7.7% | $489.3M | $496.0M | +1.4% | +1.77% |
| Mar 5, 2026Q4 FY25 | $0.32 | $0.18 | −43.8% | $496.3M | $481.6M | −3.0% | +0.87% |
| Oct 30, 2025Q3 FY25 | $0.42 | $0.40 | −4.8% | $496.3M | $518.0M | +4.4% | −1.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $478.0M | $502.4M | $518.0M | $481.6M | $496.0M | $557.7M | |
| Gross profit | $164.0M | $158.4M | $170.3M | $157.6M | $163.3M | $180.1M | |
| Operating income | $20.1M | $26.8M | $23.6M | $7.7M | $13.6M | $27.9M | |
| Net income | $3.3M | $5.0M | $6.5M | −$6.4M | $382.0K | $8.5M | |
| Diluted EPS | $0.07 | $0.11 | $0.14 | −$0.14 | $0.01 | $0.18 | |
| Gross margin | 34.3% | 31.5% | 32.9% | 32.7% | 32.9% | 32.3% | |
| Operating margin | 4.2% | 5.3% | 4.6% | 1.6% | 2.7% | 5.0% |
Fiscal years (4-quarter sums)FY21 $417.7M · FY22 $1.12B · FY23 $1.57B · FY24 $1.80B · FY25 $1.98B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $75.5M · Total debt $845.5M · Total assets $1.82B · Shareholders' equity $654.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 46.26M · Float 8.66M · 18.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| King Luther Capital Management Corp | 36.36M | 78.60% | 13F | Aug 10, 2026 |
| Luther King Capital Management Corporation | 36.36M | 78.70% | 13D | Jul 16, 2026 |
| Dimensional Fund Advisors LP | 969.3K | 2.10% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 685.6K | 1.48% | 13F | Aug 7, 2026 |
| Nantahala Capital Management, LLC | 494.6K | 1.07% | 13F | Aug 19, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 10, 2026 | Robert Zamarripa | director | +14,000 | $21.23 |
Peers
- W.W. Grainger
Broadline MRO scale competitor with high-touch and digital channels
- Fastenal
Fastener, safety and onsite inventory rival for MRO and OEM sites
- WESCO International
Electrical, OEM and supply-chain services peer for Gexpro Services
- MSC Industrial Direct
Metalworking and MRO distributor with inventory-management overlap
- Avnet
Electronics distribution peer through Farnell and component supply
- Applied Industrial Technologies
Value-added industrial distributor for motion, automation and MRO
- Arrow Electronics
Global electronic components distributor adjacent to TestEquity
- Transcat
Test-equipment distribution and calibration peer for TestEquity
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Distribution Solutions Group | $34.78 | −0.04% | $1.61B | 185.0 | 33.8 | 0.8 | +11.0% |
| W.W. Grainger | $1,306.30 | +0.02% | $61.67B | 33.3 | 26.9 | 3.3 | +10.3% |
| Fastenal | $50.06 | +0.56% | $57.12B | 42.2 | 37.3 | 6.5 | +14.7% |
| WESCO International | $336.42 | 0.00% | $16.39B | 23.2 | 18.5 | 0.7 | +13.0% |
| MSC Industrial Direct | $119.20 | 0.00% | $6.66B | 28.8 | 22.7 | 1.7 | +7.8% |
| Avnet | $87.61 | −1.16% | $7.27B | 22.2 | 7.6 | 0.3 | +47.7% |
| Applied Industrial Technologies | $329.11 | +2.18% | $11.91B | 29.4 | 26.9 | 2.4 | +10.5% |
| Arrow Electronics | $203.92 | +0.12% | $10.43B | 13.0 | 9.1 | 0.3 | +31.8% |
| Transcat | $85.85 | +0.25% | $803.5M | 232.0 | 44.3 | 2.3 | +21.6% |
| Median | 29.1 | 24.8 | 2.0 | +13.9% |