2024 Q2 Form 10-Q Financial Statement

#000070360424000061 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $439.5M $416.1M
YoY Change 16.28% 19.47%
Cost Of Revenue $288.0M $272.7M
YoY Change 19.03% 26.59%
Gross Profit $151.5M $143.4M
YoY Change 11.4% 7.93%
Gross Profit Margin 34.47% 34.47%
Selling, General & Admin $137.4M $140.6M
YoY Change 21.89% 21.07%
% of Gross Profit 90.66% 98.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.54M $17.05M
YoY Change 27.09% 8.46%
% of Gross Profit 12.23% 11.89%
Operating Expenses $137.4M $140.6M
YoY Change 12.51% 21.07%
Operating Profit $14.16M $2.783M
YoY Change 1.67% -83.36%
Interest Expense -$12.80M $11.83M
YoY Change 35.37% 54.2%
% of Operating Profit -90.42% 424.97%
Other Income/Expense, Net $359.0K -$262.0K
YoY Change -147.17% -73.13%
Pretax Income $1.716M -$9.301M
YoY Change -51.78% -215.99%
Income Tax -$200.0K -$4.100M
% Of Pretax Income -11.66%
Net Earnings $1.896M -$5.224M
YoY Change -37.3% -188.44%
Net Earnings / Revenue 0.43% -1.26%
Basic Earnings Per Share $0.04 -$0.11
Diluted Earnings Per Share $0.04 -$0.11
COMMON SHARES
Basic Shares Outstanding 46.81M shares 46.78M shares
Diluted Shares Outstanding 47.62M shares 46.78M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.79M $73.10M
YoY Change 5.75% 134.71%
Cash & Equivalents $46.79M $73.10M
Short-Term Investments
Other Short-Term Assets $57.02M $46.89M
YoY Change 6.37% 80.93%
Inventory $320.7M $313.8M
Prepaid Expenses
Receivables $235.8M $221.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $660.4M $655.1M
YoY Change -0.37% 31.08%
LONG-TERM ASSETS
Property, Plant & Equipment $108.7M $111.4M
YoY Change -47.68% 72.85%
Goodwill $428.3M $402.0M
YoY Change 7.44% 15.45%
Intangibles $276.9M $246.8M
YoY Change -0.23% 12.57%
Long-Term Investments
YoY Change
Other Assets $5.947M $5.964M
YoY Change -74.47% 8.04%
Total Long-Term Assets $947.2M $888.1M
YoY Change 4.4% 21.88%
TOTAL ASSETS
Total Short-Term Assets $660.4M $655.1M
Total Long-Term Assets $947.2M $888.1M
Total Assets $1.608B $1.543B
YoY Change 2.39% 25.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.2M $101.7M
YoY Change 21.59% 11.94%
Accrued Expenses $94.21M $82.14M
YoY Change 14.68% 25.25%
Deferred Revenue $987.0K $1.101M
YoY Change -15.64%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $31.37M $30.25M
YoY Change -4.69% 87.96%
Total Short-Term Liabilities $264.5M $240.5M
YoY Change 16.44% 38.9%
LONG-TERM LIABILITIES
Long-Term Debt $573.7M $535.7M
YoY Change 2.48% 35.56%
Other Long-Term Liabilities $25.80M $25.77M
YoY Change -68.24% 5.55%
Total Long-Term Liabilities $599.5M $561.5M
YoY Change -6.48% 33.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.5M $240.5M
Total Long-Term Liabilities $599.5M $561.5M
Total Liabilities $954.2M $888.5M
YoY Change 6.73% 35.45%
SHAREHOLDERS EQUITY
Retained Earnings -$38.04M -$39.93M
YoY Change 126.28% 101.34%
Common Stock $720.9M $719.8M
YoY Change 1.2% 17.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $653.3M $654.7M
YoY Change
Total Liabilities & Shareholders Equity $1.608B $1.543B
YoY Change 2.39% 25.63%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.896M -$5.224M
YoY Change -37.3% -188.44%
Depreciation, Depletion And Amortization $18.54M $17.05M
YoY Change 27.09% 8.46%
Cash From Operating Activities $21.39M $6.615M
YoY Change 57.24% -52.27%
INVESTING ACTIVITIES
Capital Expenditures $5.368M $2.454M
YoY Change -21.93% -45.35%
Acquisitions $13.15M
YoY Change
Other Investing Activities -$80.99M -$12.33M
YoY Change -67.71% -779.13%
Cash From Investing Activities -$86.36M -$16.01M
YoY Change -66.49% 214.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.16M -$3.951M
YoY Change -86.6% 65.04%
NET CHANGE
Cash From Operating Activities 21.39M $6.615M
Cash From Investing Activities -86.36M -$16.01M
Cash From Financing Activities 37.16M -$3.951M
Net Change In Cash -27.81M -$14.02M
YoY Change -183.76% -312.74%
FREE CASH FLOW
Cash From Operating Activities $21.39M $6.615M
Capital Expenditures $5.368M $2.454M
Free Cash Flow $16.03M $4.161M
YoY Change 138.13% -55.58%

Facts In Submission

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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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NetCashProvidedByUsedInOperatingActivities
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CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2454000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2024Q1 dsgr Payments To Acquire Rental Equipment
PaymentsToAcquireRentalEquipment
1221000 usd
CY2023Q1 dsgr Payments To Acquire Rental Equipment
PaymentsToAcquireRentalEquipment
2420000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
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CY2023Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
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CY2024Q1 us-gaap Repayments Of Long Term Lines Of Credit
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CY2024Q1 us-gaap Repayments Of Secured Debt
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7500000 usd
CY2024Q1 dsgr Shares Repurchased Held In Treasury
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117000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
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124000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
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CY2024Q1 dsgr Payment Of Earnout
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CY2023Q1 dsgr Payment Of Earnout
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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222000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6592000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99626000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24740000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85602000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31332000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73097000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31144000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
12505000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
188000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85602000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31332000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1702000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1015000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
7308000 usd
CY2024Q1 dsgr Interest Paid Excluding Capitalized Interest Financing Activities
InterestPaidExcludingCapitalizedInterestFinancingActivities
572000 usd
CY2023Q1 dsgr Interest Paid Excluding Capitalized Interest Financing Activities
InterestPaidExcludingCapitalizedInterestFinancingActivities
572000 usd
CY2024Q1 dsgr Additions Of Assets Under A Finance Lease Liability
AdditionsOfAssetsUnderAFinanceLeaseLiability
383000 usd
CY2023Q1 dsgr Additions Of Assets Under A Finance Lease Liability
AdditionsOfAssetsUnderAFinanceLeaseLiability
383000 usd
CY2024Q1 dsgr Additions Of Assets Under An Operating Lease Liability
AdditionsOfAssetsUnderAnOperatingLeaseLiability
6212000 usd
CY2023Q1 dsgr Additions Of Assets Under An Operating Lease Liability
AdditionsOfAssetsUnderAnOperatingLeaseLiability
2496000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 – Nature of Operations and Basis of Presentation</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Organization</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. DSG has three principal operating companies: Lawson Products, Inc. (“Lawson”), TestEquity Acquisition, LLC (“TestEquity”), and 301 HW Opus Holdings, Inc., conducting business as Gexpro Services (“Gexpro Services”). </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless the context requires otherwise, references in this Quarterly Report on Form 10-Q to “DSG”, the “Company”, “we”, “our” or “us” refer to Distribution Solutions Group, Inc., and all entities consolidated in the accompanying unaudited condensed consolidated financial statements.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Operations </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the nature of operations for each of DSG’s operating companies is presented below. Information regarding DSG’s reportable segments is presented in Note 16 – Segment Information. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Lawson</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is a distributor of specialty products and services to the industrial, commercial, institutional and governmental MRO marketplace. Lawson primarily distributes MRO products to its customers through a network of sales representatives and an inside sales channel throughout the United States and Canada.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">TestEquity</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is a distributor of test and measurement equipment and solutions, industrial and electronic production supplies, vendor managed inventory programs, and converting, fabrication and adhesive solutions from its leading manufacturer partners supporting the aerospace and defense, wireless and communication, semiconductors, industrial electronics and automotive, and electronics manufacturing industries.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Gexpro Services</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is a global supply chain solutions provider, specializing in the development of mission critical production line management, aftermarket and field installation programs. </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis of Presentation and Consolidation </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not contain all disclosures required by GAAP for complete consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with DSG’s audited consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (“SEC”). All normal recurring adjustments have been made that are necessary to fairly state the results of operations for the interim periods. Operating results for the three-month period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">2023 Stock Split:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> On August 15, 2023, DSG announced that its Board of Directors approved and declared a two-for-one stock split (the “Stock Split”), which entitled each stockholder of record as of the close of business on August 25, 2023 to receive one additional share of DSG common stock for each share of DSG common stock then-held. The additional shares were distributed after the close of trading on August 31, 2023, and shares of DSG common stock began trading at the split-adjusted basis on September 1, 2023. Accordingly, all share and per share amounts have been retroactively adjusted to reflect the impact of the Stock Split for all periods presented herein. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Period-end Dates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company and its consolidated subsidiaries, except for Gexpro Services, operate on a calendar year-end. Gexpro Services operates on a calendar year-end for annual reporting purposes. However, quarterly financial statements for Gexpro Services are prepared on financial close dates that may differ from that of the Company. For the quarter ended March 31, 2024, there was a one day difference in the period end. The Company utilizes the exchange rates in effect at Gexpro Services’ reporting date and the appropriate weighted-average rate for its fiscal reporting period.</span></div>
CY2024Q1 dsgr Number Of Principal Operating Segments
NumberOfPrincipalOperatingSegments
3 segment
CY2023Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
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StockholdersEquityNoteStockSplitAdditionalSharesReceivedPerCommonShareOwned
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BusinessAcquisitionsProFormaRevenue
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2288000 usd
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67000 usd
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CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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3100000 usd
CY2024Q1 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
9400000 usd
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PropertyPlantAndEquipmentGross
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PropertyPlantAndEquipmentGross
144069000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34500000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30258000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111371000 usd
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113811000 usd
CY2024Q1 dsgr Accrued Severance Current
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28450000 usd
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25371000 usd
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8079000 usd
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8661000 usd
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AccruedStockBasedCompensation
5712000 usd
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5573000 usd
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5036000 usd
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3301000 usd
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4213000 usd
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5473000 usd
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CY2024Q1 dsgr Deferred Acquisition Payment
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7513000 usd
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2561000 usd
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CY2024Q1 dsgr Security Bonus Plan
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11259000 usd
CY2023Q4 us-gaap Other Deferred Compensation Arrangements Liability Current And Noncurrent
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11041000 usd
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6318000 usd
CY2023Q4 dsgr Other Miscellaneous Liabilities
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5736000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
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25766000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
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25443000 usd
CY2023Q4 us-gaap Goodwill
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CY2024Q1 us-gaap Goodwill Acquired During Period
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2973000 usd
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2024Q1 us-gaap Goodwill
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402009000 usd
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539000 usd
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14638000 usd
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246761000 usd
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
105571000 usd
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253834000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
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10700000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
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9200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
32987000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
39349000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
36362000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31515000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
27419000 usd
CY2024Q1 dsgr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
79129000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
246761000 usd
CY2024Q1 us-gaap Operating Lease Cost
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5716000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4882000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
134000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
138000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
26000 usd
CY2024Q1 dsgr Finance Lease Cost
FinanceLeaseCost
161000 usd
CY2023Q1 dsgr Finance Lease Cost
FinanceLeaseCost
164000 usd
CY2024Q1 us-gaap Lease Cost
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5877000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
5046000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79024000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76340000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1810000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1560000 usd
CY2024Q1 dsgr Lease Assets Rightof Use Asset
LeaseAssetsRightofUseAsset
80834000 usd
CY2023Q4 dsgr Lease Assets Rightof Use Asset
LeaseAssetsRightofUseAsset
77900000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14110000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13010000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
528000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2023Q4 dsgr Lease Liability Current
LeaseLiabilityCurrent
13549000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
68275000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66234000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1048000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
831000 usd
CY2024Q1 dsgr Lease Liability Noncurrent
LeaseLiabilityNoncurrent
69323000 usd
CY2023Q4 dsgr Lease Liability Noncurrent
LeaseLiabilityNoncurrent
67065000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14728000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
513000 usd
CY2024Q1 dsgr Net Lease Liability Payments Remainderof Fiscal Year
NetLeaseLiabilityPaymentsRemainderofFiscalYear
15241000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19378000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
516000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due Year One
NetLeaseLiabilityPaymentsDueYearOne
19894000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15614000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
431000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due Year Two
NetLeaseLiabilityPaymentsDueYearTwo
16045000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13583000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
200000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due Year Three
NetLeaseLiabilityPaymentsDueYearThree
13783000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11550000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
95000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due Year Four
NetLeaseLiabilityPaymentsDueYearFour
11645000 usd
CY2024Q1 dsgr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
33575000 usd
CY2024Q1 dsgr Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
16000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due After Year Four
NetLeaseLiabilityPaymentsDueAfterYearFour
33591000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
108428000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1771000 usd
CY2024Q1 dsgr Net Lease Liability Payments Due
NetLeaseLiabilityPaymentsDue
110199000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26043000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
195000 usd
CY2024Q1 dsgr Net Lease Liability Imputed Interest
NetLeaseLiabilityImputedInterest
26238000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
82385000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1576000 usd
CY2024Q1 dsgr Net Lease Liability Present Value
NetLeaseLiabilityPresentValue
83961000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.074
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.078
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.071
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4674000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3524000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
50000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
68000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
124000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
571750000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
574676000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
30250000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
32551000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
535736000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
535881000 usd
CY2023Q2 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
7600000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
30300000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
30300000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
30300000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
481600000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 usd
CY2024Q1 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
5700000 usd
CY2024Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
100000 usd
CY2023Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
5600000 usd
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
29000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-5224000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5907000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46777178 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42241540 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-5224000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5907000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46777178 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42241540 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
366868 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46777178 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42608408 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
862989 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4100000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.438
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
416086000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348270000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2783000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16721000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
416086000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
416086000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348270000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348270000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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