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DSG(DSGR) - 2024 Q3 - Earnings Call Transcript
2024-11-01 03:44
财务数据和关键指标变化 - 公司第三季度合并收入为4.68亿美元,同比增长6.6%,其中38.1百万美元来自2024年的收购 [53] - 有机销售同比下降2.1%,但与第二季度相比有机销售环比增长0.2% [54] - 调整后的EBITDA为4910万美元,同比增长12.4%,EBITDA利润率提高至10.5% [55] 各条业务线数据和关键指标变化 - Lawson业务线销售额为1.18亿美元,平均每日销售额同比增长1.4%,但有机销售平均每日下降10% [58] - 加拿大分部(新报告分部)销售额为3910万美元,其中2460万美元来自Source Atlantic收购 [62] - Gexpro Services的有机销售同比增长12.5%,调整后的EBITDA为1640万美元,占销售的14.1% [65] - TestEquity Group第三季度销售额为1.952亿美元,日销售额因电子组装市场的逆风下降7.4% [66] 各个市场数据和关键指标变化 - Gexpro Services在技术、可再生能源、运输和航空航天等四个关键垂直市场中实现了强劲增长 [44] - TestEquity的销售在航空航天和国防技术领域显示出市场活动的改善 [47] 公司战略和发展方向和行业竞争 - 公司在收购方面采取积极策略,最近完成了三项收购,旨在增强市场地位和客户服务能力 [11][20] - 公司致力于通过优化销售团队和整合资源来提高运营效率和盈利能力 [14][17] - 公司强调在复杂和稀缺产品的可靠采购方面的竞争优势 [80] 管理层对经营环境和未来前景的评论 - 管理层对未来市场的复苏持乐观态度,尤其是在某些关键OEM市场和测试与测量产品类别中 [77] - 管理层提到,尽管面临市场的不确定性,但公司正在积极控制现金支出和营运资本管理 [76] 其他重要信息 - 公司在第三季度结束时的净流动资金约为4.98亿美元,流动性为3.28亿美元 [68] - 公司在资本支出方面预计全年将在1500万到1800万美元之间 [70] 问答环节所有提问和回答 问题: 关于Gexpro的恢复情况 - 管理层指出,过去三个季度Gexpro的收入持续增长,尤其是在可再生能源和半导体市场的改善上 [84][85] 问题: 关于第四季度的有机趋势和收购收入 - 管理层表示,第四季度的销售水平与第三季度相似,预计仍将保持双位数的EBITDA利润率 [89][90] 问题: 关于Lawson的新销售区域 - 管理层确认大部分新销售区域为新市场,预计将为公司创造更多收入机会 [92][94]
DSG(DSGR) - 2024 Q3 - Earnings Call Presentation
2024-11-01 00:46
业绩总结 - 2024年第三季度收入为4.68亿美元,同比增长2910万美元,增幅为6.6%[10] - 第三季度调整后EBITDA为4910万美元,占销售额的10.5%,较去年同期的4370万美元(10.0%)有所上升[10] - 第三季度每股摊薄收益为0.46美元,其中包含0.40美元的税收收益[11] - Q3 2024 GAAP收入为468.0百万美元,较Q3 2023的438.9百万美元增长6.9%[30] - Q3 2024 GAAP运营收入为18.9百万美元,较Q3 2023的12.8百万美元增长47.7%[30] - Q3 2024的GAAP净收入为21,921,000美元,GAAP稀释每股收益为0.46美元[32] - Q3 2023的GAAP净收入为(1,568,000)美元,GAAP稀释每股收益为(0.03)美元[32] 用户数据 - 收购的Source Atlantic贡献了3810万美元的收入,尽管有机销售同比下降2.1%,但环比增长0.2%[6] - Lawson Products部门第三季度调整后EBITDA为1550万美元,占收入的13.1%[15] - Gexpro Services部门第三季度有机日均收入同比增长1290万美元,增幅为12.5%[19] - TestEquity部门第三季度收入同比下降6.0%,主要受电子组装市场放缓影响[21] 财务状况 - 截至第三季度末,净债务杠杆为3.7倍,现金余额为7600万美元,循环信贷额度下可用资金约为2.52亿美元[12] - 2024年第三季度的总流动性约为3.28亿美元[25] - 2024年第三季度的TTM自由现金流转化率约为90%[25] 未来展望 - Q3 2024 调整后收入为497.8百万美元,较Q3 2023的438.9百万美元增长13.4%[28] - Q3 2024 调整后EBITDA为49.9百万美元,较Q3 2023的46.5百万美元增长7.3%[28] - Q3 2024 调整后EBITDA利润率为10.1%,较Q3 2023的9.3%上升0.8个百分点[28] - Q3 2024 运营收入占收入的比例为4.0%,较Q3 2023的2.9%上升1.1个百分点[30] 其他信息 - Q3 2024的相关收购成本为2.9百万美元,较Q3 2023的2.0百万美元上升45%[29] - Q3 2024的非GAAP调整净收入为17,655,000美元,非GAAP调整稀释每股收益为0.37美元[32] - Q3 2024的股权激励费用为2,432,000美元,影响稀释每股收益0.05美元[32] - Q3 2024的无形资产摊销费用为11,972,000美元,影响稀释每股收益0.25美元[32] - Q3 2024的税务调整影响为(11,210,000)美元,影响稀释每股收益(0.23)美元[32] - Q3 2024的递延税资产估值准备为(17,425,000)美元,影响稀释每股收益(0.37)美元[32]
Distribution Solutions Group (DSGR) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-31 21:46
Distribution Solutions Group (DSGR) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.50%. A quarter ago, it was expected that this industrial products and tools maker would post earnings of $0.32 per share when it actually produced earnings of $0.40, delivering a surprise of 25%.Ove ...
DSG(DSGR) - 2024 Q3 - Quarterly Report
2024-10-31 19:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $1.00 par value DSGR NASDAQ Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...
DSG(DSGR) - 2024 Q3 - Quarterly Results
2024-10-31 19:39
财务表现 - 2021年第四季度收入为 1.33 亿美元,同比增长 20%。[1] - 2021年全年收入为 4.85 亿美元,同比增长 27%。[1] - 2021年第四季度毛利率为 77.4%,同比提高 1.4 个百分点。[1] - 2021年全年毛利率为 77.1%,同比提高 1.1 个百分点。[1] 业务发展 - 2021年第四季度,公司在全球范围内新增了超过 1,000 家客户。[1] - 2021年全年,公司新增了超过 3,000 家客户,总客户数超过 12 万家。[1] - 公司持续加大在云计算、人工智能等新兴技术领域的投入,为客户提供更加全面的解决方案。[2] - 公司正在积极拓展海外市场,2021年第四季度海外收入占比达到 30%。[1] 未来展望 - 预计 2022 年全年收入将达到 5.5 亿至 5.7 亿美元,同比增长 13%-18%。[1] - 公司将继续加大在技术创新和市场拓展方面的投入,保持业务快速增长。[2] - 公司对未来发展充满信心,将努力为股东创造更大价值。[2]
New Strong Buy Stocks for October 23rd
ZACKS· 2024-10-23 20:20
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Rent the Runway, Inc. (RENT) : This designer clothing rental company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days.Distribution Solutions Group, Inc. (DSGR) : This specialty distribution company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days.Peloton Interactive, Inc. (PTON) : This integrated fitness platform provider ...
Is Distribution Solutions Group (DSGR) Stock Outpacing Its Business Services Peers This Year?
ZACKS· 2024-09-19 22:46
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Distribution Solutions Group (DSGR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Distribution Solutions Group is a member of our Business Services group, which includes 317 different companies and currently sits at #6 in the Zacks Sector Rank. Th ...
All You Need to Know About Distribution Solutions (DSGR) Rating Upgrade to Strong Buy
ZACKS· 2024-09-13 01:00
文章核心观点 - 公司的未来盈利能力提升,体现在盈利预测的上调,这对公司股价有利好影响 [1][2][3] - 盈利预测的上调和评级的提升表明公司基本面有所改善,投资者应该看好这一积极趋势并推动股价上涨 [3] 行业和公司研究总结 行业研究 - 公司未来盈利能力的变化与股价走势高度相关,机构投资者会根据盈利预测调整公司的合理估值,从而影响股价 [3] - 盈利预测的上调通常意味着公司基本面的改善,投资者应该关注这一积极信号 [3] 公司研究 - 公司预计2024财年每股收益为1.43美元,同比增长0.7% [5] - 过去3个月内,公司的盈利预测已上调16.8% [5] - 公司被评为Zacks Rank 1(强烈买入),位于Zacks覆盖股票的前5%,预示着其股价可能在短期内上涨 [7]
Are Business Services Stocks Lagging Distribution Solutions Group (DSGR) This Year?
ZACKS· 2024-09-03 22:40
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Distribution Solutions Group (DSGR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Distribution Solutions Group is one of 316 companies in the Business Services group. The Business Services group cu ...
Distribution Solutions Group (DSGR) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2024-08-27 22:55
From a technical perspective, Distribution Solutions Group, Inc. (DSGR) is looking like an interesting pick, as it just reached a key level of support. DSGR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with ...