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DXP Enterprises (DXPE)
NASDAQ:DXPE
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.89Last Year’s EPS
$1.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 54.91%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record sales and EBITDA margins, driven by strong performance in Innovative Pumping Solutions and successful acquisition strategy. However, challenges remain in Supply Chain Services growth and increased SG&A expenses. While DXP continues to manage growth effectively, the balance of highlights and lowlights suggests a cautious outlook.Company Guidance
During the DXP Enterprises Q3 2024 earnings call, leadership provided detailed insights into the company's robust financial performance. For the third quarter, DXP reported a total revenue of $472.9 million, marking a 12.8% year-over-year increase, with adjusted EBITDA reaching $52.4 million, up 19.1% from the previous year. The Innovative Pumping Solutions segment led with a 52.3% sales growth to $89.8 million. Year-to-date sales increased by 4.7%, and adjusted EBITDA rose by 6.5%. Gross profit margins improved by 94 basis points to 30.9%, while operating income was $39.6 million, reflecting an 8.4% margin. The company also closed seven acquisitions year-to-date, contributing significantly to its growth and diversification strategy, while maintaining a strong acquisition pipeline. DXP's focus remains on driving sales and profitability, leveraging organic growth, and strategic acquisitions to enhance its market position and customer offerings as it heads into fiscal 2025.Record Sales and EBITDA Margins
DXP achieved record sales watermark and new all-time high in adjusted EBITDA margins for Q3 2024.
Significant Growth in Innovative Pumping Solutions
Innovative Pumping Solutions grew 52.34% year-over-year and 22.42% sequentially, driven by energy-related bookings and backlog.
Strong Acquisition Activity
DXP closed 7 acquisitions year-to-date 2024, with plans to close at least 2 more by Q1 2025.
Improvement in Gross Profit Margins
Overall gross profit margins for Q3 were 30.89%, a 94 basis point improvement over Q3 2023.
Increased EPS
Earnings per diluted share for Q3 was $1.27, compared to $0.93 per share in Q3 2023.
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DXPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DXPE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $50.92 | $61.59 | +20.95% |
| Aug 08, 2024 | $47.76 | $49.61 | +3.87% |
| May 08, 2024 | $55.50 | $51.05 | -8.02% |
| Mar 07, 2024 | $35.06 | $40.10 | +14.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DXP Enterprises (DXPE) report earnings?
DXP Enterprises (DXPE) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is DXP Enterprises (DXPE) earnings time?
DXP Enterprises (DXPE) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DXPE EPS forecast?
DXPE EPS forecast for the fiscal quarter 2024 (Q4) is $0.89.
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