DXP Enterprises Earnings Calls

Q4 2024 (Upcoming)
Release date Mar 06, 2025
EPS estimate $0.89
EPS actual -
Revenue estimate 447M
Revenue actual -
Expected change +/- 6.44%
Q3 2024 Beat
$1.27 (33.68%)
Release date Nov 04, 2024
EPS estimate $0.95
EPS actual $1.27
EPS Surprise 33.68%
Revenue estimate 447M
Revenue actual 472.935M
Revenue Surprise 5.80%
Q2 2024 Beat
$1.00 (25.00%)
Release date Aug 08, 2024
EPS estimate $0.80
EPS actual $1.00
EPS Surprise 25.00%
Revenue estimate 434M
Revenue actual 445.556M
Revenue Surprise 2.66%
Q1 2024 Missed
$0.670 (-5.63%)
Release date May 08, 2024
EPS estimate $0.710
EPS actual $0.670
EPS Surprise -5.63%
Revenue estimate 412M
Revenue actual 412.635M
Revenue Surprise 0.154%

Last 4 Quarters for DXP Enterprises

Below you can see how DXPE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Missed
Release date May 08, 2024
Fiscal end date Mar 31, 2024
Price on release $55.50
EPS estimate $0.710
EPS actual $0.670
EPS surprise -5.63%
Date Price
May 02, 2024 $51.81
May 03, 2024 $52.33
May 06, 2024 $53.36
May 07, 2024 $53.54
May 08, 2024 $55.50
May 09, 2024 $51.05
May 10, 2024 $52.01
May 13, 2024 $50.51
May 14, 2024 $50.78
4 days before 7.12%
4 days after -8.50%
On release day -8.02%
Change in period -1.99%
Q2 2024 Beat
Release date Aug 08, 2024
Fiscal end date Jun 30, 2024
Price on release $49.61
EPS estimate $0.80
EPS actual $1.00
EPS surprise 25.00%
Date Price
Aug 02, 2024 $49.97
Aug 05, 2024 $47.76
Aug 06, 2024 $48.84
Aug 07, 2024 $47.76
Aug 08, 2024 $49.61
Aug 09, 2024 $47.75
Aug 12, 2024 $47.97
Aug 13, 2024 $49.50
Aug 14, 2024 $48.81
4 days before -0.720%
4 days after -1.61%
On release day -3.75%
Change in period -2.32%
Q3 2024 Beat
Release date Nov 04, 2024
Fiscal end date Sep 30, 2024
Price on release $50.92
EPS estimate $0.95
EPS actual $1.27
EPS surprise 33.68%
Date Price
Oct 29, 2024 $49.40
Oct 30, 2024 $49.89
Oct 31, 2024 $49.08
Nov 01, 2024 $50.35
Nov 04, 2024 $50.92
Nov 05, 2024 $61.59
Nov 06, 2024 $65.79
Nov 07, 2024 $71.89
Nov 08, 2024 $71.10
4 days before 3.08%
4 days after 39.63%
On release day 20.95%
Change in period 43.93%
Q4 2024 (Upcoming)
Release date Mar 06, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $0.89
EPS actual -
Date Price
Feb 06, 2025 $103.84
Feb 07, 2025 $99.93
Feb 10, 2025 $102.44
Feb 11, 2025 $101.65
Feb 12, 2025 $101.90

DXP Enterprises Earnings Call Transcript Summary of Q3 2024

Third Quarter 2024 Earnings Call

Key Financial Highlights:

  • Sales Growth: DXP reported total revenue of $472.9 million in Q3 2024, reflecting a 12.8% increase year-over-year and a 6% sequential increase. Year-to-date sales were up 4.7%.
  • EBITDA: Adjusted EBITDA for Q3 was $52.4 million, up 19.1% from Q3 2023, with margins increasing to 11.1%.
  • Net Income and EPS: Net income for Q3 reached $21.1 million, translating to EPS of $1.27; adjusted EPS, factoring out one-time items, was $1.43.
  • Gross Margins: Overall gross profit margins stood at 30.9%, up 94 basis points compared to Q3 2023.

Segment Performance:

  • Innovative Pumping Solutions (IPS): Revenue grew 52.3% year-over-year to $89.8 million, largely driven by the growth of DXP Water, which now constitutes 45% of IPS sales compared to 31% the previous year.
  • Service Centers: Revenue increased 7.6% year-over-year to $316.8 million. Operating income margins operated at 14.6%.
  • Supply Chain Services (SCS): Sales remained stable with a slight growth of 0.7% year-over-year, totaling $66.2 million.

Strategic Focus and Outlook:

  • DXP continues to target organic growth alongside acquisitions, having completed seven acquisitions year-to-date, with more planned for the future.
  • The management expressed confidence in sustained growth, particularly within energy and water sectors, with healthy bookings and backlog levels.
  • Investment in employees and technology is seen as a path for further efficiency, with SG&A expenses reflecting these investments having increased to 22.5% of sales.

Balance Sheet and Cash Flow:

  • As of September 30, total debt was $544.5 million with a cash position of $35 million. Significant capital expenditures were recorded at $4 million, with expectations for an increase in CapEx moving forward.
  • The company had a strong liquidity position with an undrawn ABL facility and availability of $166.6 million.

Acquisition Strategy:

  • DXP maintains an active acquisition pipeline and has entered recent acquisitions that enhance its market presence in specific industries such as water and vacuum pump sectors.
  • Company leadership emphasized a commitment to long-term growth rather than short-term profit maximization.

Investor Takeaways:

  • DXP's consistent growth, strong performance in key business segments (especially IPS and service centers), and strategic acquisitions position the company favorably for continued growth in fiscal 2025.
  • The focus on improving operational efficiencies and expanded capabilities should provide leverage for maintaining healthy margins and revenue streams.
  • The company’s stable backlog and diversification into resilient end markets indicate robustness against economic fluctuations.

DXP Enterprises Earnings History

Earnings Calendar

FAQ

When is the earnings report for DXPE?
DXP Enterprises (DXPE) has scheduled its earnings report for Mar 06, 2025 before the markets open.

What is the DXPE price-to-earnings (P/E) ratio?
DXPE P/E ratio as of Feb 12, 2025 (TTM) is 24.77.

What is the DXPE EPS forecast?
The forecasted EPS (Earnings Per Share) for DXP Enterprises (DXPE) for the first fiscal quarter 2024 is $0.89.

What are DXP Enterprises's retained earnings?
On its balance sheet, DXP Enterprises reported retained earnings of $472.94 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT DXP ENTERPRISES
DXP Enterprises
DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the 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 techn...
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