DXP Enterprises

DXP Enterprises, Inc. engages in the provision of distribution solutions. It operates through the following segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment focuses on maintenance, repair, and operations (MRO) products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply, safety products, and safety services categories. The Supply Chain Services segment offers warehouse and inventory management. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, re-manufactures pumps, and manufactures branded private label pumps. The firm serves the agriculture, aviation, chemical, fabrication and construction, food and beverage, general manufacturing, mining, and oil and gas industries. The company was founded in 1908 and is headquartered in Houston, TX.

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Earnings data Q4 2024

DXP Enterprises achieves record Q1 performance, eyes strategic acquisitions

DXP Enterprises delivered exceptional financial performance in Q1 2023, marked by record-breaking results and strong sales growth. The company's strategic focus on customer solutions, operational efficiency, and growth through acquisitions positions it well for future success. Despite challenges in the manufacturing sector, DXP's proactive approach to acquisitions and shareholder value enhancement presents promising opportunities for continued growth.

DXP Enterprises reports robust Q2 performance and targets strategic acquisitions

DXP Enterprises (DXPE) delivered a strong Q2 performance with solid sales growth, improved margins, and strategic acquisitions in the water and wastewater platform.
The company's focus on capital allocation, share repurchases, and free cash flow generation underscores their financial strength and commitment to enhancing shareholder value.
With a clear strategy to expand offerings and pursue acquisitions in key markets, DXP is well-positioned to capitalize on growth opportunities and drive sustainable long-term value.
DXP's consistent performance, strong market position, and strategic initiatives highlight their ability to navigate market dynamics and deliver value to stakeholders.

DXP Enterprises reports robust Q3 performance and eyes strategic acquisitions

DXP Enterprises delivered strong financial results in Q3 2023, showcasing growth in sales, EBITDA, and margins, along with positive free cash flow.
While challenges exist in the face of industry dynamics and interest expenses, the company's strategic initiatives and acquisition plans offer growth prospects.
Opportunities in acquisitions, particularly in water/wastewater and industrial sectors, position DXP for expansion and value creation in the market.
Overall, DXP's performance, strengths, and growth strategies reflect a resilient and forward-looking approach to driving shareholder value and market presence.

DXP Enterprises achieves record sales and profitability in fiscal 2023

DXP Enterprises delivered robust financial performance in fiscal 2023, marked by sales growth, improved margins, and strong profitability metrics.
The company's strategic focus on diversification, acquisitions, and operational efficiency positions it well for growth and success in 2024.
While challenges exist in maintaining growth momentum and managing costs, DXP Enterprises has opportunities to capitalize on its strengths and drive continued expansion.

DXP Enterprises reports strong Q1 performance, eyes growth opportunities

DXP Enterprises (DXPE) delivered a robust performance in Q1 2024, supported by acquisitions, sales growth, and improved margins.
While facing challenges in meeting EBITDA margin targets, the company remains focused on strategic investments and operational efficiency.
Opportunities lie in the active acquisition pipeline, market expansion efforts, and leveraging the strength of industrial and energy sectors.
Overall, DXP's Q1 performance reflects resilience, strategic focus, and a commitment to enhancing shareholder value.

DXP Enterprises posts strong Q2 results, eyes growth opportunities

DXP Enterprises reported solid sales growth and improved profitability in Q2 2024, driven by strong performance in Pumping Solutions and Supply Chain Services.
The company's focus on operational efficiency and strategic initiatives like acquisitions and share repurchases underscore its commitment to enhancing shareholder value.
While facing challenges in maintaining margins and navigating market uncertainties, DXP has opportunities to leverage its strengths in key sectors for future growth.
Overall, DXP's Q2 performance reflects a resilient business model and strategic focus on driving innovation and profitability in a competitive market landscape.

DXP Enterprises reports strong Q3 performance and growth strategies

DXP Enterprises delivered a robust performance in Q3 2024, driven by revenue growth, improved margins, and strategic acquisitions.
While facing challenges in certain segments and market dynamics, DXP's focus on growth strategies and operational efficiency bodes well for future success.
The company's positive outlook, emphasis on sustained growth, and market outperformance signal a promising trajectory for DXP Enterprises.

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DXP Enterprises, Inc. engages in the business of distributing maintenance, repair, and operating (MRO) products and services to customers serving a variety of end markets. It operates through the following segments: Service Centers (SC), Supply Chain Services (SCS), Innovative Pumping Solutions (IPS), and Corporate. The SC segment provides MRO products, equipment, and services including technical expertise and logistics capabilities to customers serving varied end markets with the ability to provide same day delivery. The SCS segment focuses on managing customers' supply chains including procurement and inventory management. The IPS segment includes integrated, custom pump skid packages, pump remanufacturing, and manufactures branded private label pumps to meet the capital equipment needs of global customer base. The company was founded in 1908 and is headquartered in Houston, TX.

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that David Molero has been appointed as DXP's new Chief Accounting Officer, effective May 22, 2023. Mr. Molero is a certified public accountant and has over 17 years of experience in accounting within a public company environment and most recently as a Chief Accounting Officer of another publicly traded company. David replaces Eugene Padgett, who resigned on October 10, 2022. Mr. Molero will be an integral leader on.

DXP Enterprises, Inc. Appoints David Molero Chief Accounting Officer

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TAST, SHAK, WIRE, KMT and DXPE have been added to the Zacks Rank #1 (Strong Buy) List on May 18, 2023.

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DXPE, WIRE and MBGAF made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 18, 2023.

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DXP Enterprises, Inc. (NASDAQ:DXPE ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants David Little - Chairman and Chief Executive Officer Kent Yee - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Operator Ladies and gentlemen, welcome to the DXP Enterprise First Quarter Earnings Results Conference Call. My name is Glenn and I will be the operator for today's call.

DXP Enterprises, Inc. (DXPE) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the first quarter ended March 31, 2023. The following are results for the three months ended March 31, 2023, compared to the three months ended March 31, 2022. A reconciliation of the non-GAAP financial measures can be found in the back of this press release. First Quarter 2023 financial highlights: Sales increased 32.8 percent to $424.3 million, compared to $319.4 million for the first quarter.

DXP Enterprises, Inc. Reports First Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the first quarter ended March 31, 2023, on Thursday, May 11th. The earnings announcement will be released after the market closes on May 11th. DXP will host a conference call, to be webcast live, on the Company's website (.

DXP Sets Date for 2023 First Quarter Results and Earnings Call

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE), is pleased to provide shareholders with a preannouncement of DXP's financial performance for the first quarter ending March 31, 2023, which features significant growth in sales, operating income, earnings before interest, taxes, depreciation, and amortization ("EBITDA") and diluted earnings per common share (“EPS”). Preliminary Q1 2023 Financial Highlights: Sales increased 32.8 percent to $424.3 million, compared to $319.4 million.

DXP Enterprises Provides Update on Fiscal 2023 Q1 Financial Performance

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), today announced it will reschedule its first quarter 2023 earnings release and conference call previously scheduled for May 10, 2023. The delay is a result of additional time required to finalize the Company's financial statements, and the Company will make a further announcement regarding the timing of the release and conference call as soon as practicable but anticipates having the call before the end of the week. The Private Secu.

DXP Enterprises, Inc. to Reschedule First Quarter 2023 Earnings Release

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the first quarter ended March 31, 2023, on Wednesday, May 10th. The earnings announcement will be released before the market opens. DXP will host a conference call, to be webcast live, on the Company's website (www.dxpe.co.

DXP Sets Date for 2023 First Quarter Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that is has completed the acquisitions of Riordan Materials Corporation (“Riordan”) and Florida Valve & Equipment Corp. and Environmental MD (“Florida Valve EMD”). DXP funded the acquisitions with cash on the balance sheet. Riordan is a leading provider of products for water treatment, wastewater treatment, odor control, solids handling, pumping and biosolid processes in the states of Maryland, New Jersey, Pennsy.

DXP Enterprises, Inc. Completes Two Acquisitions

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2022. The following are results for the three and twelve months ended December 31, 2022, compared to the three and twelve months ended December 31, 2021. A reconciliation of the non-GAAP financial measures can be found in the back of this press release. Fourth Quarter 2022 financial highlights: Sales grew 38.6 percent to $406.

DXP Enterprises Reports Fourth Quarter and Fiscal 2022 Results

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE): DXP Enterprises, Inc. (the “Company”) today announced that it has received a written notice (the “Notice”) on April 3, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), as a result of its failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Form 10-K”) in a timely manner.

DXP Enterprises Announces Receipt of Notice From Nasdaq Regarding Late Filing of Annual Report on Form 10-K

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE), is pleased to provide shareholders with a preannouncement of DXP's financial performance for the fiscal year ending December 31, 2022, which features significant growth in sales, operating income, earnings before interest, taxes, depreciation, and amortization ("EBITDA") and diluted earnings per common share (“EPS”). Preliminary Financial Highlights: Fiscal 2022 sales expected to be in the range of $1.40 billion to $1.

DXP Enterprises Provides Update on Fiscal 2022 Financial Performance

DXP Enterprises is a business-to-business distributor of MRO products and services to a variety of customers in different end markets, primarily across North America. Tailwinds in end markets enabled DXP to significantly increase its operating capacity in 2022.

DXP Enterprises: Buybacks Change Everything

HOUSTON--( BUSINESS WIRE )--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on raising incremental $105 million Senior Secured Term Loan B (“TLB”) borrowings that will be added to the initial $330 million Term Loan B raised in December of 2020. Including the new borrowings, DXP will have $417.2 million in Senior Secured Term Loan B borrowings. The existing and new TLB borrowings mature in 2027 and are priced at Term SOFR plus an applicable margin of 5.25 percent.

DXP Enterprises, Inc. Announces Raising an Incremental $105M In Term Loan B Borrowings

DXP Enterprises, Inc. (NASDAQ:DXPE ) Q3 2022 Earnings Conference Call November 9, 2022 11:30 AM ET Company Participants Kent Yee - CFO David Little - Chairman and CEO Conference Call Participants Tommy Moll - Stephens Operator Good morning. My name is Chris, and I'll be your conference operator today.

DXP Enterprises, Inc. (DXPE) Q3 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2022.

DXP Enterprises Reports Third Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the third quarter ended September 30, 2022, on Wednesday, November 9th.

DXP Sets Date for 2022 Third Quarter Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Sullivan Environmental Technologies, Inc. (“Sullivan”). Sullivan is a leading distributor and manufacturers representative of pumps, valves, controls, and process equipment focused on serving the municipal and industrial water and wastewater industry in the states of Ohio, Kentucky, and Indiana. Financial terms of the transaction were not disclosed. Signing of the definitive a

DXP Enterprises, Inc. Announces Acquisition of Sullivan Environmental Technologies, Inc.

DXP Enterprises, Inc. (NASDAQ:DXPE ) Q2 2022 Earnings Conference Call August 8, 2022 11:00 AM ET Company Participants Kent Yee - Chief Financial Officer David Little - Chairman and Chief Executive Officer Conference Call Participants Tommy Moll - Stephens Operator Good morning. My name is [Chantal] [ph], and I will be your conference operator today.

DXP Enterprises, Inc.'s (DXPE) CEO David Little on Q2 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the second quarter ended June 30, 2022. The following are results for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021 and sequentially for the three months ended March 31, 2022, where appropriate. A reconciliation of the non-GAAP financial measures can be found in the back of this press release. Second Quarter 2022 financial highlights: Sale

DXP Enterprises Reports Second Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the second quarter ended June 30, 2022, on Monday, August 8th. The earnings announcement will be released before the market opens. DXP will host a conference call, to be web cast live, on the Company's website (www.dxpe.co

DXP Sets Date for 2022 Second Quarter Earnings Release and Conference Call

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What Makes DXP Enterprises (DXPE) a Good Fit for "Trend Investing"

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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that on July 19, 2022, DXP Enterprises, Inc. (the “Company”) entered into an Amended and Restated Loan and Security Agreement (the “ABL Credit Agreement”) by and among the Company, certain of the Company's US subsidiaries, as borrowers, certain of the Company's Canadian subsidiaries, as borrowers, with Bank of America, N.A., as agent. The ABL Credit Agreement provides for asset-based revolving loans (the “ABL Loans”)

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