Dxp Enterprises Inc Stock Price, News & Analysis

DXP Enterprises (NASDAQ: DXPE), a leading B2B products and service distributor, has scheduled its first quarter 2025 earnings release for Wednesday, May 7th, after market close. The company will host a conference call and webcast on Thursday, May 8th at 10:30 AM Central Time to discuss the financial results for the quarter ended March 31, 2025.

The earnings call will be accompanied by a slide presentation and will be accessible through the Investor Relations section of DXP's website. Web participants are advised to register 15 minutes before the call starts. A replay of the webcast and related materials will be available on the company's website after the call.

DXP Enterprises (NASDAQ: DXPE) reported strong financial results for fiscal 2024, with sales reaching $1.8 billion, up 7.4% from 2023. The company achieved net income of $70.5 million and GAAP diluted EPS of $4.22.

Key highlights include:

• Q4 2024 sales of $470.9 million, with diluted EPS of $1.29
• Adjusted EBITDA of $191.3 million for fiscal 2024
• Refinanced Senior Secured Term Loan B raising $649.5 million
• Completed seven acquisitions during the fiscal year
• Repurchased 0.6 million shares for $28.8 million

Business segment performance showed Innovative Pumping Solutions revenue up 47.7% to $323.0 million, Service Centers revenue up 1.9% to $1.2 billion, while Supply Chain Services revenue declined 1.5% to $256.4 million.

DXP Enterprises (NASDAQ: DXPE), a B2B products and service distributor specializing in MRO and OEM solutions, has scheduled its Q4 and fiscal year 2024 earnings release for Thursday, March 6th, after market close.

The company will host a conference call and webcast on Friday, March 7th at 10:30 AM Central Time. The presentation will be accessible through the 'Investor Relations' section of DXP's website, along with accompanying slides and earnings materials. These materials will remain available after the call.

Web participants are advised to register and install necessary audio software at least 15 minutes before the call begins.

DXP Enterprises (NASDAQ: DXPE) has completed the acquisition of Arroyo Process Equipment, a leading distributor of pumps, process equipment, and related services based in Bartow, Florida. Founded in 1968, Arroyo operates from three locations serving Florida and surrounding markets, focusing on asphalt, mining, industrial water, and chemical sectors.

The acquisition, signed on January 31, 2025, was funded with cash from DXP's balance sheet. Arroyo reported sales of $26.3 million and adjusted EBITDA of $1.3 million for the twelve months ending December 31, 2024. This strategic move strengthens DXP's rotating equipment platform and establishes a significant presence in Florida, where the company previously had operations.

The acquisition aligns with DXP's vision to become North America's leading rotating equipment company while diversifying its end markets and enhancing its technical products and services portfolio.

DXP Enterprises (NASDAQ: DXPE) has completed the acquisitions of Burt Gurney & Associates (BGA) and MaxVac Inc. BGA, headquartered in Omaha, Nebraska, is a leading manufacturers representative in municipal water and wastewater treatment. MaxVac, based in California, specializes in vacuum pump sales, repair, and maintenance for electronics, semiconductor, food & beverage, and biomedical markets. The acquisitions, funded with cash, generated combined sales and adjusted EBITDA of $11.7 million and $1.6 million respectively for the last twelve months ending September 30, 2024. These strategic moves enhance DXP's geographic reach and end market diversification.

DXP Enterprises reported strong Q3 2024 results with sales of $472.9 million, up 6.1% sequentially and 12.8% year-over-year. Net income reached $21.1 million with diluted EPS of $1.27. The company achieved Adjusted EBITDA of $52.4 million and Free Cash Flow of $24.4 million. Sales breakdown included $316.8 million for Service Centers, $89.8 million for Innovative Pumping Solutions, and $66.3 million for Supply Chain Services. The company completed five acquisitions through Q3 and maintained a secured leverage ratio of 2.54:1.0.

DXP Enterprises (NASDAQ: DXPE) has scheduled its third quarter 2024 earnings release for Monday, November 4th, after market close. The company will host a conference call and webcast on Tuesday, November 5th at 10:30 AM Central Time to discuss the financial results for the quarter ended September 30, 2024. The presentation will be available on the company's website investor relations section, along with accompanying slides and earnings materials. A replay will be available after the call.

DXP Enterprises (NASDAQ: DXPE) has successfully refinanced its existing Senior Secured Term Loan B (TLB) borrowings and raised an additional $105 million, bringing the total TLB borrowings to $649.5 million. The new loan matures on October 13, 2030, and is priced at Term SOFR plus a 3.75% margin, reducing the applicable margin by 100 basis points. This refinancing provides DXP with $110 million in cash on the balance sheet at close and supports its accelerating acquisition strategy.

The company plans to use the proceeds to repay existing TLB borrowings and for general corporate purposes, potential acquisitions, and transaction expenses. DXP's sales have grown from $1.0 billion in 2020 to $1.7 billion for the last twelve months ending June 30, 2024, with covenant compliance adjusted EBITDA increasing from $64.9 million to over $187.6 million in the same period. The pro forma net debt to EBITDA ratio stands at 2.75:1 following the transaction.

DXP Enterprises, Inc. (NASDAQ: DXPE) has acquired Hartwell Environmental , a leading manufacturer's representative of pumps, controls, and process equipment for the water and wastewater industry. The acquisition, completed on September 1, 2024, strengthens DXP's National Water & Wastewater efforts and establishes its presence in Texas and Oklahoma.

Hartwell's last twelve months' performance ending July 31, 2024, showed sales of $18.4 million and adjusted EBITDA of $4.1 million. This strategic move is expected to enhance DXP's technical products and services offerings, while providing access to new talent and resources to better serve customers.