Distribution Solutions Group stock rises after $30 million share buyback

Investing.com -- Distribution Solutions Group Inc. (NASDAQ:DSGR) stock rose 3.5% on Monday after the specialty distribution company announced its board approved a new $30 million share repurchase authorization.

The new buyback program adds to approximately $2.9 million still available under previous authorizations, bringing the total available repurchase capacity to nearly $33 million. The company noted it has already repurchased approximately $23.5 million of its common stock during the first nine months through September 30, 2025.

"The strength of our business prospects and our ability to generate strong free cash flow provide us with confidence to deploy capital in ways that we believe will enhance long-term shareholder value and provides us with the flexibility to repurchase shares when we believe we are undervalued in the marketplace," said Bryan King, Chief Executive Officer and Chairman of the Board.

The company indicated that repurchases may be made at management’s discretion through open market or privately negotiated transactions as part of its ongoing capital allocation strategy.

Distribution Solutions Group described its balance sheet as "continuing to strengthen," with the repurchase authorization aligning with its broader capital allocation approach.

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