Distribution Solutions Group, Inc. (DSGR) saw its stock surge 7.64% in the pre-market session on Thursday, driven by better-than-expected financial results for the fourth quarter and full-year 2024.

The industrial and safety product distributor reported Q4 2024 non-GAAP earnings per share of $0.42, beating analysts' consensus estimate of $0.33. Revenue for the quarter climbed 18.6% year-over-year to $480.5 million, surpassing expectations of $463.8 million.

For the full year 2024, Distribution Solutions Group reported revenue growth of 14.9% to $1.80 billion, driven by strong demand across its business segments and contributions from strategic acquisitions. Adjusted EBITDA for the year grew 11.6% to $175.3 million, reflecting margin expansion initiatives and synergies from recent acquisitions.

The company's robust financial performance was fueled by growth across its Lawson Products, Canada Branch Division, Gexpro Services, and TestEquity segments. Additionally, Distribution Solutions Group's strategic acquisitions during the year bolstered its product offerings and expanded its customer base.

According to CEO and Chairman Bryan King, the company remains focused on long-term value creation through organic growth initiatives and strategic M&A. The company's strong cash flow generation and capital deployment capabilities position it well to capitalize on growth opportunities and maximize shareholder value.