DXP Enterprises Inc
NASDAQ:DXPE

  • LAST PRICE
    50.9200
  • TODAY'S CHANGE (%)
    0.5700 (1.1321%)
  • Bid / Lots
    49.5000/ 1
  • Ask / Lots
    55.0000/ 1
  • Open / Previous Close
    50.2300 / 50.3500
  • Day Range
    49.8700
    51.9150
  • 52 Week Range
    28.8200
    57.3800
  • Volume
    81,947

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  • Yesterday

      Show headlines and story abstract

    • 8 hours ago by MT Newswires
      Companies Mentioned: DXPE
      05:04 PM EST, 11/04/2024 (MT Newswires) -- ...

    • 8 hours ago by Dow Jones
      Companies Mentioned: DXPE
      Centers $ 316,831 $ 294,459 $ 911,783 $ 914,078 Innovative Pumping Solutions 89,825 58,962 225,417 158,440 Supply Chain Services 66,279 65,828 193,926 199,038 ------- --------- --------- --------- Total Sales $ 472,935 $ 419,249 $ 1,331,126 $ 1,271,556 ======= ========= ========= ========= Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- Operating Income 2024 2023 2024 2023 ----------- ------------- ------------- ------------- Service Centers $ 46,154 $ 41,912 $ 130,329 $ 134,549 Innovative Pumping Solutions 18,207 10,599 38,543 26,555 Supply Chain Services 5,568 5,589 16,653 16,519 ------- --------- --------- --------- Total Segments Operating Income $ 69,929 $ 58,100 $ 185,525 $ 177,623 ======= ========= ========= ========= RECONCILIATION OF OPERATING INCOME FOR REPORTABLE SEGMENTS ($ thousands, unaudited) Three Months Ended Nine Months Ended September September 30, 30, ------------------- --------------------------- 2024 2023 2024 2023 ------- ---------- ------------ ------------- Income from operations for reportable segments $69,929 $ 58,100 $185,525 $ 177,623 Adjustment for: Amortization of intangibles 5,245 5,866 14,333 15,206 Corporate expenses 25,076 16,378 65,101 53,682 ------ --------- ------- ------------ Income from operations $39,608 $ 35,856 $106,091 $ 108,735 Interest expense 15,716 12,684 46,644 36,068 Other expense (income), net 160 1,234 (2,844) 522 ------ --------- ------- ------------ Income before income taxes $23,732 $ 21,938 $ 62,291 $ 72,145 ====== ========= ======= ============ RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION ($ thousands, unaudited) The following table sets forth the reconciliation of EBITDA, EBITDA Margin, Adjusted EBITDA and Adjusted EBITDA Margin to the most comparable U.S. GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ----------------------------- 2024 2023 2024 2023 ------------ ------------ -------------- ------------- Income before income taxes $23,732 $21,938 $ 62,291 $ 72,145 Plus: Interest expense 15,716 12,684 46,644 36,068 Plus: Depreciation and amortization 8,720 7,983 24,385 21,468 ------ --- ------ --- ------- ---- ------- --- EBITDA $48,168 $42,605 $133,320 $129,681 Plus: other non-recurring items(1) 2,950 551 4,292 551 Plus: stock compensation expense 1,322 864 3,398 2,211 ------ --- ------ --- ------- ---- ------- --- Adjusted EBITDA $52,440 $44,020 $141,010 $132,443 ====== === ====== === ======= ==== ======= === Operating Income Margin 8.4% 8.6% 8.0% 8.6% EBITDA Margin 10.2% 10.2% 10.0% 10.2% Adjusted EBITDA Margin 11.1% 10.5% 10.6% 10.4% (1) Other non-recurring items includes unique acquisition integration costs and other non-cash, non-recurring costs not related to continuing business operations. The following table sets forth the reconciliation of Organic Sales and Organic Sales per Business Day to the most comparable U.S. GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September September 30, 30, -------------------- --------------------------- 2024 2023 2024 2023 -------- ---------- ---------- --------------- Sales by Business Segment Service Centers $316,831 $ 294,459 $ 911,783 $ 914,078 Innovative Pumping Solutions 89,825 58,962 225,417 158,440 Supply Chain Services 66,279 65,828 193,926 199,038 ------- --------- --------- -------------- Total DXP Sales $472,935 $ 419,249 $1,331,126 $ 1,271,556 ======= ========= ========= ============== Acquisition Sales 28,535 3,868 63,713 30,266 Organic Sales $444,400 $ 415,381 $1,267,413 $ 1,241,290 Business Days 64 63 191 191 Sales per Business Day $ 7,390 $ 6,655 $ 6,969 $ 6,657 Organic Sales per Business Day $ 6,944 $ 6,593 $ 6,636 $ 6,499 RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION CONTINUED ($ thousands, unaudited) The following table sets forth the reconciliation of Free Cash Flow to the most comparable GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September 30, September 30, --------------------- ------------------------ 2024 2023 2024 2023 ----------- -------- ------------ ---------- Net cash from operating activities $28,344 $39,758 $ 70,068 $63,775 Less: purchases of property and equipment (3,954) (1,486) (15,673) (7,103) ------ ------ ------- ------ Free Cash Flow $24,390 $38,272 $ 54,395 $56,672 ====== ====== ======= ====== The following table is a reconciliation of adjusted net income attributable to DXP Enterprises, Inc., a non-GAAP financial measure, to net income, calculated and reported in accordance with U.S. GAAP (in thousands). Three Months Ended Nine Months Ended September 30, September 30, ------------------------ ----------------------- 2024 2023 2024 2023 ----------- ----------- ----------- ---------- Net Income $21,101 $16,172 $49,126 $52,806 One-time non-cash items 2,950 551 4,292 551 Adjustment for taxes (327) (145) (907) (145) ------ ------ ------ ------ Adjusted Net Income $23,724 $16,578 $52,511 $53,212 Weighted average common shares and common equivalent shares outstanding Diluted 16,590 17,356 16,755 17,944 Diluted Earnings per Share $ 1.27 $ 0.93 $ 2.93 $ 2.94 Adjusted Diluted Earnings per Share $ 1.43 $ 0.96 $ 3.13 $ 2.97

    • 8 hours ago by Dow Jones
      Companies Mentioned: DXPE
      Centers $ 316,831 $ 294,459 $ 911,783 $ 914,078 Innovative Pumping Solutions 89,825 58,962 225,417 158,440 Supply Chain Services 66,279 65,828 193,926 199,038 ------- --------- --------- --------- Total Sales $ 472,935 $ 419,249 $ 1,331,126 $ 1,271,556 ======= ========= ========= ========= Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- Operating Income 2024 2023 2024 2023 ----------- ------------- ------------- ------------- Service Centers $ 46,154 $ 41,912 $ 130,329 $ 134,549 Innovative Pumping Solutions 18,207 10,599 38,543 26,555 Supply Chain Services 5,568 5,589 16,653 16,519 ------- --------- --------- --------- Total Segments Operating Income $ 69,929 $ 58,100 $ 185,525 $ 177,623 ======= ========= ========= ========= RECONCILIATION OF OPERATING INCOME FOR REPORTABLE SEGMENTS ($ thousands, unaudited) Three Months Ended Nine Months Ended September September 30, 30, ------------------- --------------------------- 2024 2023 2024 2023 ------- ---------- ------------ ------------- Income from operations for reportable segments $69,929 $ 58,100 $185,525 $ 177,623 Adjustment for: Amortization of intangibles 5,245 5,866 14,333 15,206 Corporate expenses 25,076 16,378 65,101 53,682 ------ --------- ------- ------------ Income from operations $39,608 $ 35,856 $106,091 $ 108,735 Interest expense 15,716 12,684 46,644 36,068 Other expense (income), net 160 1,234 (2,844) 522 ------ --------- ------- ------------ Income before income taxes $23,732 $ 21,938 $ 62,291 $ 72,145 ====== ========= ======= ============ RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION ($ thousands, unaudited) The following table sets forth the reconciliation of EBITDA, EBITDA Margin, Adjusted EBITDA and Adjusted EBITDA Margin to the most comparable U.S. GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ----------------------------- 2024 2023 2024 2023 ------------ ------------ -------------- ------------- Income before income taxes $23,732 $21,938 $ 62,291 $ 72,145 Plus: Interest expense 15,716 12,684 46,644 36,068 Plus: Depreciation and amortization 8,720 7,983 24,385 21,468 ------ --- ------ --- ------- ---- ------- --- EBITDA $48,168 $42,605 $133,320 $129,681 Plus: other non-recurring items(1) 2,950 551 4,292 551 Plus: stock compensation expense 1,322 864 3,398 2,211 ------ --- ------ --- ------- ---- ------- --- Adjusted EBITDA $52,440 $44,020 $141,010 $132,443 ====== === ====== === ======= ==== ======= === Operating Income Margin 8.4% 8.6% 8.0% 8.6% EBITDA Margin 10.2% 10.2% 10.0% 10.2% Adjusted EBITDA Margin 11.1% 10.5% 10.6% 10.4% (1) Other non-recurring items includes unique acquisition integration costs and other non-cash, non-recurring costs not related to continuing business operations. The following table sets forth the reconciliation of Organic Sales and Organic Sales per Business Day to the most comparable U.S. GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September September 30, 30, -------------------- --------------------------- 2024 2023 2024 2023 -------- ---------- ---------- --------------- Sales by Business Segment Service Centers $316,831 $ 294,459 $ 911,783 $ 914,078 Innovative Pumping Solutions 89,825 58,962 225,417 158,440 Supply Chain Services 66,279 65,828 193,926 199,038 ------- --------- --------- -------------- Total DXP Sales $472,935 $ 419,249 $1,331,126 $ 1,271,556 ======= ========= ========= ============== Acquisition Sales 28,535 3,868 63,713 30,266 Organic Sales $444,400 $ 415,381 $1,267,413 $ 1,241,290 Business Days 64 63 191 191 Sales per Business Day $ 7,390 $ 6,655 $ 6,969 $ 6,657 Organic Sales per Business Day $ 6,944 $ 6,593 $ 6,636 $ 6,499 RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION CONTINUED ($ thousands, unaudited) The following table sets forth the reconciliation of Free Cash Flow to the most comparable GAAP financial measure (in thousands): Three Months Ended Nine Months Ended September 30, September 30, --------------------- ------------------------ 2024 2023 2024 2023 ----------- -------- ------------ ---------- Net cash from operating activities $28,344 $39,758 $ 70,068 $63,775 Less: purchases of property and equipment (3,954) (1,486) (15,673) (7,103) ------ ------ ------- ------ Free Cash Flow $24,390 $38,272 $ 54,395 $56,672 ====== ====== ======= ====== The following table is a reconciliation of adjusted net income attributable to DXP Enterprises, Inc., a non-GAAP financial measure, to net income, calculated and reported in accordance with U.S. GAAP (in thousands). Three Months Ended Nine Months Ended September 30, September 30, ------------------------ ----------------------- 2024 2023 2024 2023 ----------- ----------- ----------- ---------- Net Income $21,101 $16,172 $49,126 $52,806 One-time non-cash items 2,950 551 4,292 551 Adjustment for taxes (327) (145) (907) (145) ------ ------ ------ ------ Adjusted Net Income $23,724 $16,578 $52,511 $53,212 Weighted average common shares and common equivalent shares outstanding Diluted 16,590 17,356 16,755 17,944 Diluted Earnings per Share $ 1.27 $ 0.93 $ 2.93 $ 2.94 Adjusted Diluted Earnings per Share $ 1.43 $ 0.96 $ 3.13 $ 2.97

  • Nov 1, 2024

      Show headlines and story abstract

    • 5:32AM ET on Friday Nov 01, 2024 by Dow Jones
      Companies Mentioned: DXPE

      DXP Enterprises, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call
      HOUSTON--(BUSINESS WIRE)--October 31, 2024--
      DXP Enterprises, Inc. (the "Company") (NASDAQ: DXPE), a leading business to business 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, 2024, on Monday, November 4(th) . The earnings announcement will be released after the U.S. stock market closes. DXP will host a conference call, to be web cast live, on the Company's website (www.dxpe.com) at 10:30 AM Central Time on Tuesday, November 5(th) .

  • Oct 31, 2024

      Show headlines and story abstract

    • 9:02PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: DXPE

      DXP Enterprises, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call
      HOUSTON--(BUSINESS WIRE)--October 31, 2024--
      DXP Enterprises, Inc. (the "Company") (NASDAQ: DXPE), a leading business to business 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, 2024, on Monday, November 4(th) . The earnings announcement will be released after the U.S. stock market closes. DXP will host a conference call, to be web cast live, on the Company's website (www.dxpe.com) at 10:30 AM Central Time on Tuesday, November 5(th) .

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