STOCK TITAN

DXP Enterprises, Inc. - DXPE STOCK NEWS

Welcome to our dedicated news page for DXP Enterprises (Ticker: DXPE), a resource for investors and traders seeking the latest updates and insights on DXP Enterprises.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DXP Enterprises's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DXP Enterprises's position in the market.

Rhea-AI Summary
DXP Enterprises, Inc. (NASDAQ: DXPE) reported strong financial results for fiscal 2023, with sales reaching $1.7 billion, a 13.4% increase from fiscal 2022. The company achieved solid GAAP diluted EPS of $3.89, net income of $68.8 million, and adjusted EBITDA of $174.3 million. DXP Enterprises repurchased shares, closed three acquisitions, and refinanced $550 million in Senior Secured Term Loan B. The company's business segments showed robust growth, with Service Centers revenue at $1.1 billion, Innovative Pumping Solutions at $273.2 million, and Supply Chain Services at $260.4 million. CEO David R. Little expressed optimism for 2024, citing strong performance and balanced end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.38%
Tags
earnings
-
Rhea-AI Summary
DXP Enterprises, Inc. (DXPE) completes the acquisition of Pro-Seal, enhancing its rotating equipment division. Pro-Seal, a leading distributor of pumping systems, adds scale, new geography, and capabilities to DXP. The acquisition aims to accelerate end market diversification, with Pro-Seal contributing approximately $19.9 million in sales and $1.5 million in adjusted EBITDA for the last twelve months. DXP's CEO, David Little, emphasizes the strategic importance of the acquisition, highlighting the growth opportunities and synergies it brings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
acquisition
-
Rhea-AI Summary
DXP Enterprises, Inc. (DXPE) will announce its financial results for Q4 and year-end 2023 on March 7th. The earnings release will precede a conference call and webcast. Investors can access the call and related materials on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
earnings
Rhea-AI Summary
DXP Enterprises, Inc. (DXPE) has completed the acquisition of Kappe Associates, Inc., a leading distributor and manufacturers representative of pumps, controls, and process equipment focused on serving the water and wastewater industry. The acquisition will deepen DXP's presence in the Mid-Atlantic region of the U.S. and further scale its National Water & Wastewater efforts. The sales and adjusted EBITDA for Kappe for the last twelve months ending December 31, 2023, were approximately $25.4 million and $3.8 million, respectively. DXP funded the acquisition with cash from the balance sheet, and the transaction is consistent with its growth strategy. The acquisition will provide DXP with exceptional sales expertise and talent to serve its customers better, enhancing its DXP Water platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
acquisition
-
Rhea-AI Summary
DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisitions of Hennesy Mechanical Sales LLC, a leading manufacturers representative in the municipal water and wastewater treatment market, and provider of industrial pump sales, service, and repair in Arizona, New Mexico, and West Texas. The acquisitions were funded with cash on the balance sheet. Sales and adjusted EBITDA for the last twelve months ending November 30, 2023, were approximately $10.1 million and $1.2 million, respectively. DXP aims to enhance their aftermarket and service capabilities with this acquisition, furthering their strategy of making acquisitions in markets and business models where they can continue to grow, improve, and scale DXP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
acquisition
-
Rhea-AI Summary
DXP Enterprises, Inc. (DXPE) reports Q3 2023 financial results with $419.2 million in sales, an 8.2% year-over-year increase. Diluted earnings per share of $0.93, up 31.0% compared to Q3 2022. Successfully reduced borrowing costs by fifty basis points and raised an incremental $125 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.52%
Tags
earnings
Rhea-AI Summary
DXP Enterprises, Inc. (NASDAQ:DXPE) will announce its financial results for the third quarter ended September 30, 2023, on November 9th. The earnings announcement will be released before the market opens. DXP will host a conference call and webcast at 10:00 A.M. Central Time on the same day. A replay of the webcast will be available. The earnings press release and presentation materials will be posted on DXP's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
-
Rhea-AI Summary
DXP Enterprises, Inc. has completed the acquisition of Alliance Pump & Mechanical Service, a pump sales and repair company. The financial terms were not disclosed. Alliance had sales of $2 million and adjusted EBITDA of $230 thousand. The acquisition provides DXP with additional geographic territory and enhances its end market mix.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
Tags
acquisition
-
Rhea-AI Summary
DXP Enterprises, Inc. has closed on refinancing existing Senior Secured Term Loan B borrowings and raised an additional $125 million. The company now has $550.0 million in Senior Secured Term Loan B borrowings. The borrowings mature in 2030 and are priced at Term SOFR plus an applicable margin of 4.75 percent. The proceeds will be used for debt repayment, general corporate purposes, potential acquisitions, and transaction fees and expenses. The refinancing provides DXP with operational and financial flexibility to support its growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.65%
Tags
acquisition
Rhea-AI Summary
$428.0 million in sales, a 16.4% YoY increase. Net income of $19.0 million compared to $14.4 million in Q2 2022. GAAP diluted EPS of $1.06. Completed acquisitions of Riordan Materials Corporation and Florida Valve & Equipment Corp. and Environmental MD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.04%
Tags
earnings
DXP Enterprises, Inc.

Nasdaq:DXPE

DXPE Rankings

DXPE Stock Data

869.37M
13.24M
18.15%
71.1%
3.89%
General Rental Centers
Real Estate and Rental and Leasing
Link
United States
Houston

About DXPE

today, dxp is a publicly traded professional distribution management company that provides products and services to a variety of industries through its innovative pumping solutions (ips), supply chain services and mrop products and services.dxp continues to stay on the leading edge of technology, training and products while attracting and retaining the best employees. our corporate strategy is simply to be the best solution for the industrial customer. product categories include:pumps and pump partslact unitsbearings & power transmissionmetal working productssafety suppliesindustrial supplieshosesealspipe