- United States
- /
- Trade Distributors
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- NasdaqGS:DSGR
Distribution Solutions Group Second Quarter 2024 Earnings: EPS Misses Expectations
Distribution Solutions Group (NASDAQ:DSGR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$439.5m (up 16% from 2Q 2023).
- Net income: US$1.90m (down 37% from 2Q 2023).
- Profit margin: 0.4% (down from 0.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.04 (down from US$0.069 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Distribution Solutions Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 4.6% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Distribution Solutions Group's balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:DSGR
Distribution Solutions Group
A specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East.
Undervalued with reasonable growth potential.
