DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS). The SC segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services. It offers MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products, and safety services categories. This segment serves customers in the oil and gas, petrochemical, food and beverage, transportation, other general industrial, mining, construction, chemical, municipal, agriculture, and pulp and paper industries. The SCS segment manages procurement and inventory management solutions; and offers outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, store room management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting. Its programs include SmartAgreement, a procurement solution for various MRO categories; SmartBuy, an on-site or centralized MRO procurement solution; SmartSource, an on-site procurement and storeroom management solution; SmartStore, an e-Catalog solution; SmartVend, an industrial dispensing solution; and SmartServ, an integrated service pump solution. The IPS segment fabricates and assembles custom-made pump packages, remanufactures pumps, and manufactures branded private label pumps. The company was founded in 1908 and is based in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: dxpe.com
Leading manufacturers representatives focused on servicing the municipal water and wastewater treatment markets Leading vacuum pump sales, repair, and maintenance provider servicing the electronics, food & beverage, and biomedical markets Enhances DXP's geographic reach and capabilities Continues to accelerate DXP's end market diversification Attractive margins and cash flow DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that is has completed the acquisitions of Burt Gurney & Associates ("BGA") and MaxVac Inc. ("MaxVac"). DXP funded the acquisitions with cash on the balance sheet. BGA is a leading manufacturers representative in the municipal water and wastewater treatment
$35.0 million in cash $472.9 million in sales, a 6.1 percent sequential and 12.8 percent year-over-year increase GAAP diluted EPS of $1.27 $52.4 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $24.4 million for the quarter, and $54.4 million for the nine months ended September 30, 2024 Completed five acquisitions through Q3; three water, and two industrial rotating equipment companies DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the third quarter ended September 30, 2024. The following are results for the three months ended September
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 4th. 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 5th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.d
$110 million in cash on the balance sheet at close Reduces applicable margin for borrowings by one hundred basis points Aligns actions to support accelerating acquisition strategy DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that it has closed on refinancing existing Senior Secured Term Loan B ("TLB") borrowings and raising an incremental $105 million in TLB borrowings. Including the new borrowings, DXP will have $649.5 million in Senior Secured Term Loan B borrowings. The TLB borrowings mature on October 13, 2030, and are priced at Term SOFR plus an applicable margin of 3.75 percent. DXP intends to use the proceeds to repay borrowings under DXP's existing Senior Secured Term
Furthers and continues to scale DXP's National Water & Wastewater efforts Establishes presence in Texas and Oklahoma Attractive Margins and Cash Flow DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that it has completed the acquisition of Hartwell Environmental Corporation ("Hartwell"). Founded in 1976, Hartwell is headquartered in Tomball, Texas and operates out of three locations servicing the Texas, Oklahoma and surrounding markets. Hartwell is a leading manufacturer's representative of pumps, controls and process equipment focused on serving the water and wastewater industry. DXP funded the acquisition with cash from the balance sheet. "We are pleased to announce the a
DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that its Board of Directors authorized a new stock repurchase program (the "program") under which up to $85.0 million or 2.5 million shares of its outstanding common stock may be acquired in the open market over the next 24 months at the discretion of management. This is after the successful completion of the previous program, whereby, the Company completed the repurchase of $85 million or 2.8 million shares, under the 2-year program which began in December of 2022. The shares under the new program may be purchased from time to time at prevailing market prices, through open market or privately negotiated transactions, depending upon mark
$49.9 million in cash $445.6 million in sales, an 8.0 percent sequential and 4.1 percent year-over-year increase GAAP diluted EPS of $1.00 $48.2 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $30.0 million for the six months ended June 30, 2024 Completed four acquisitions through Q2; two water, and two industrial rotating equipment companies DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the second quarter ended June 30, 2024. The following are results for the three months ended June 30, 2024, compared to the three months ended June
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 second quarter ended June 30, 2024, on Thursday, August 8th. The earnings announcement will be released after the 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 Friday, August 9th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com. A replay
$139.7 million in cash $412.6 million in sales GAAP diluted EPS of $0.67 Non-GAAP diluted EPS of $0.74 $40.3 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $24.1 million, a 6.4 percent year-over-year increase Completed the acquisitions of Hennesy Mechanical Sales, Kappe Associates, and Pro-Seal, Inc. DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the first quarter ended March 31, 2024. The following are results for the three months ended March 31, 2024, compared to the three months ended March 31, 2023 and December 31, 2023, wher
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, 2024, on Wednesday, May 8th, after the market closes. DXP will host a conference call, to be web cast live, on the Company's website (www.dxpe.com) at 10:30 A.M. Central Time on Thursday, May 9th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com. A replay of the webcast will be available shortly after the conclusion of the presentatio
$35.0 million in cash $472.9 million in sales, a 6.1 percent sequential and 12.8 percent year-over-year increase GAAP diluted EPS of $1.27 $52.4 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $24.4 million for the quarter, and $54.4 million for the nine months ended September 30, 2024 Completed five acquisitions through Q3; three water, and two industrial rotating equipment companies DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the third quarter ended September 30, 2024. The following are results for the three months ended September
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 4th. 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 5th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.d
Furthers and continues to scale DXP's National Water & Wastewater efforts Establishes presence in Texas and Oklahoma Attractive Margins and Cash Flow DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that it has completed the acquisition of Hartwell Environmental Corporation ("Hartwell"). Founded in 1976, Hartwell is headquartered in Tomball, Texas and operates out of three locations servicing the Texas, Oklahoma and surrounding markets. Hartwell is a leading manufacturer's representative of pumps, controls and process equipment focused on serving the water and wastewater industry. DXP funded the acquisition with cash from the balance sheet. "We are pleased to announce the a
$49.9 million in cash $445.6 million in sales, an 8.0 percent sequential and 4.1 percent year-over-year increase GAAP diluted EPS of $1.00 $48.2 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $30.0 million for the six months ended June 30, 2024 Completed four acquisitions through Q2; two water, and two industrial rotating equipment companies DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the second quarter ended June 30, 2024. The following are results for the three months ended June 30, 2024, compared to the three months ended June
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 second quarter ended June 30, 2024, on Thursday, August 8th. The earnings announcement will be released after the 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 Friday, August 9th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com. A replay
$139.7 million in cash $412.6 million in sales GAAP diluted EPS of $0.67 Non-GAAP diluted EPS of $0.74 $40.3 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") Free Cash Flow of $24.1 million, a 6.4 percent year-over-year increase Completed the acquisitions of Hennesy Mechanical Sales, Kappe Associates, and Pro-Seal, Inc. DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ:DXPE) today announced financial results for the first quarter ended March 31, 2024. The following are results for the three months ended March 31, 2024, compared to the three months ended March 31, 2023 and December 31, 2023, wher
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, 2024, on Wednesday, May 8th, after the market closes. DXP will host a conference call, to be web cast live, on the Company's website (www.dxpe.com) at 10:30 A.M. Central Time on Thursday, May 9th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com. A replay of the webcast will be available shortly after the conclusion of the presentatio
Fiscal 2023 sales of $1.7 billion, up 13.4 percent from fiscal 2022 Solid full Year GAAP diluted EPS of $3.89 $174.3 million in adjusted earnings before interest, taxes, depreciation, amortization and other non-cash charges ("Adjusted EBITDA") Net income of $68.8 million versus $48.2 million in fiscal 2022 Refinanced Senior Secured Term Loan B raising $550 million Repurchased 1.7 million shares for $54.7 million in fiscal 2023 $173.2 million in cash and restricted cash Closed three acquisitions during the fiscal year - Florida Valve, Riordan, and Alliance Pump & Mechanical DXP Enterprises, Inc. (NASDAQ:DXPE) today announced financial results for the fourth quarter a
Complements DXP's rotating equipment division Adds scale, new geography, and enhanced capabilities Continues to Accelerate End Market Diversification DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that it has completed the acquisition of Pro-Seal, Inc. ("Pro-Seal"). Founded in 1987, Pro-Seal is headquartered in Pontiac, Michigan and operates out of two locations servicing the Great Lakes Region of the U.S. and all of Alaska. Pro-Seal is a leading distributor of pumping systems, fluid sealing and related seal support systems and other industrial pumping equipment and services and lubricants. DXP funded the acquisition with cash from the balance sheet. "We are pleased to an
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 fourth quarter and year ended December 31, 2023, on Thursday, March 7th. 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.com) at 3:30 PM Central Time on that same day. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com. A replay of the webcast will be availabl
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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 the accounting and finance team overseeing the Company's accounting, tax, SOX, and SEC reporting functions, and will be reporting directly to Kent Yee, SVP and Chief Financial Officer. Prior to DXP, Mr. Molero was the Chief A
DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that its board of directors has appointed Karen Hoffman, 43, an independent member of its Board of Directors, effective today. Mrs. Hoffman will serve as a director until the company's annual shareholders meeting, whereby she will stand for re-election. "We are thrilled to welcome Karen to our Board of Directors," said David Little, Chairman of DXP. "Karen's diverse and deep experience at a Big 3 accounting firm and Transocean, as well as her broad business background, will be an asset to DXP as we continue our growth." "Karen is a seasoned energy industry executive with impressive experience. Her insights across the energy industry, Big
DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that the Board of Directors of DXP Enterprises, Inc. elected Mr. Kent Yee, Chief Financial Officer, as a director on the Board, effective immediately. "We are delighted to have Kent formally join the Board. Kent for the past ten years has regularly participated in DXP Board meetings and displayed strong business acumen and leadership skills. Since becoming CFO, he has contributed in an even stronger manner and has emerged as a valued Board participant. He has distinguished himself as a leader with in-depth financial, strategic, capital markets and human capital expertise. This is a public acknowledgement of what we have known and benefite
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U.S. stocks were higher, with the Dow Jones index gaining more than 150 points on Thursday. Shares of American Eagle Outfitters, Inc. (NYSE:AEO) rose during Thursday’s session after the company reported better-than-expected fourth-quarter earnings and issued strong three-year revenue outlook strategy. American Eagle Outfitters posted adjusted earnings of 61 cents per share, beating market estimates of 50 cents per share. The company’s quarterly sales came in at $1.68 billion versus estimates of $1.66 billion, according to data from Benzinga Pro. American Eagle shares gained 5.4% to $24.72 on Thursday. Here are some other big stocks recording gains in today’s session. MoneyLion Inc. (
DXP Enterprises (NASDAQ:DXPE) reported its Q4 earnings results on Thursday, March 7, 2024 at 09:15 AM. Here's what investors need to know about the announcement. Earnings DXP Enterprises beat estimated earnings by 847.0000000000001%, reporting an EPS of $1.12 versus an estimate of $-0.15. Revenue was up $749 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.03 which was followed by a 7.000000000000001% drop in the share price the next day. Here's a look at DXP Enterprises's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.96 1.09 0.56 0.16 EPS Actual 0.93 1.06 0.95 0.50 Revenue Estimate 432.00M 4
DXP Enterprises (NASDAQ:DXPE) reported quarterly earnings of $1.120 per share which beat the analyst consensus estimate of $(0.150) by 846.67 percent. The company reported quarterly sales of $407.044 million which missed the analyst consensus estimate of $411.000 million by 0.96 percent. This is a 0.18 percent increase over sales of $406.295 million the same period last year.
Companies Reporting Before The Bell • CI&T (NYSE:CINT) is estimated to report quarterly earnings at $0.06 per share on revenue of $106.08 million. • Stevanato Gr (NYSE:STVN) is likely to report quarterly earnings at $0.21 per share on revenue of $354.31 million. • ABM Indus (NYSE:ABM) is projected to report quarterly earnings at $0.71 per share on revenue of $2.01 billion. • Bilibili (NASDAQ:BILI) is likely to report quarterly loss at $0.22 per share on revenue of $887.26 million. • BJ's Wholesale Club (NYSE:BJ) is projected to report quarterly earnings at $1.06 per share on revenue of $5.39 billion. • Burlington Stores (NYSE:BURL) is estimated to report quarterly earnings at $3.30 per
DXP Enterprises (NASDAQ:DXPE) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement. Analysts estimate that DXP Enterprises will report an earnings per share (EPS) of $-0.15. DXP Enterprises bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.03, which was followed by a 6.52% drop in t
Complements DXP's rotating equipment divisionAdds scale, new geography, and enhanced capabilitiesContinues to Accelerate End Market Diversification
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching: Pangaea Logistics Solns (NASDAQ:PANL) - P/E: 9.57 Eastman Kodak (NYSE:KODK) - P/E: 5.01 DXP Enterprises (NASDAQ:DXPE) - P/E: 9.7 Air Transport Services Gr (NASDAQ:ATSG