Distribution Solutions Group (NASDAQ:DSGR) reported fourth-quarter financial results on Thursday that fell short of Wall Street’s expectations, as industrial sector headwinds pressured both top-line growth and operating margins.
The Fort Worth, Texas-based specialty distributor posted a net loss of $6.4 million, or 14 cents per share.
On an adjusted basis, earnings were 18 cents per share, trailing the 32-cent consensus estimate from analysts surveyed by Zacks Investment Research.
Quarterly revenue of $481.6 million remained essentially flat compared to the prior-year period and missed the $496.3 million projected by analysts.
For the full year, the company reported a net profit of $8.3 million, or 18 cents per share, on total revenue of $1.98 billion.
Management cited a challenging macroeconomic environment and a shift in product mix for the margin compression, though the company noted it successfully extended its senior secured credit facility through 2030 to maintain liquidity for future growth initiatives.