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The Phoenix-based global technology solutions provider also reported fiscal 2022 4Q sales of $6.4 billion.
The company recently celebrated the opening of its 105th new store in 2022 amid continued distribution network expansion.
The 95,000-square-foot facility will manufacture new, innovative hand tools, according to a news release from the company.
The Cleveland, Ohio-based company also says that full-year sales reached $3.8 billion, up 17.8% over last year.
The bearings maker has new leaders for its Industrial Motion and Engineered Bearings units, while its HR leader is now an executive officer.
Markus Limberger joins the tools maker after leading operations for Danaher subsidiary Leica Microsystems.
It marks the first acquisition outside of Germany for EUKALIN, a manufacturer of adhesives for the paper and film converting industries.
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Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
The PVF products distributor saw its best adjusted EBITDA margin since 2014 amid double-digit growth in each of its end-market sectors.
