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DXP Enterprises, Inc. - DXPE STOCK NEWS

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

DXP Enterprises Inc (DXPE) is a publicly traded company that specializes in providing a wide range of products and services to industrial customers across the United States, Canada, Mexico, and Dubai. DXP's core business revolves around three main segments: Service Centers, Innovative Pumping Solutions (IPS), and Supply Chain Services. The company is a major player in the industrial supply chain, offering a diverse portfolio of products such as pumps and pump parts, bearings and power transmission units, metalworking products, safety supplies, industrial hoses, seals, and pipes.

DXP Enterprises aims to be the best solution for industrial customers, focusing on innovation, technology, and employee excellence. The company serves a variety of industries including General Industrial, Oil & Gas, Food & Beverage, Water & Wastewater, Chemical, Transportation, Aerospace, and others. By staying on the cutting edge of technology and training, DXP ensures that it can meet the evolving needs of its industrial clientele.

The company's Service Centers segment generates the maximum revenue and provides a comprehensive range of maintenance, repair, operating, and production (MROP) services. Innovative Pumping Solutions specializes in rotating equipment and customized pump packages, offering solutions that are tailored to specific industrial needs. Supply Chain Services include inventory management, procurement, and logistics, helping businesses streamline their operations and reduce costs.

DXP Enterprises has made significant strides in recent years, achieving notable success through its strategic partnerships and acquisitions. The company continues to expand its market presence and enhance its service offerings, positioning itself as a leader in the industrial supply chain sector.

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DXP Enterprises, Inc. reported strong first quarter 2024 results with $412.6 million in sales, $0.67 GAAP diluted EPS, and $0.74 non-GAAP diluted EPS. The company saw a 1.4% sequential sales increase, completed multiple acquisitions, and generated $24.1 million in free cash flow. While net income decreased to $11.3 million, DXP remains optimistic about market conditions and growth initiatives for 2024.

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DXP Enterprises, Inc. (NASDAQ:DXPE) will release its financial results for the first quarter of 2024 on May 8th after the market closes. A conference call will be held on May 9th at 10:30 A.M. Central Time, with a webcast available on the company's website. Earnings press release, slides, and other presentation materials will be posted on the Investor Relations section of DXP's website.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What does DXP Enterprises Inc do?

DXP Enterprises Inc is a distributor of industrial products and services, including pumping solutions, supply chain services, and MROP services.

Which industries does DXP Enterprises serve?

DXP serves various industries such as General Industrial, Oil & Gas, Food & Beverage, Water & Wastewater, Chemical, Transportation, and Aerospace.

What are the main segments of DXP Enterprises?

The main segments are Service Centers, Innovative Pumping Solutions, and Supply Chain Services.

Where does DXP Enterprises operate?

DXP operates in the United States, Canada, Mexico, and Dubai.

What types of products does DXP offer?

DXP offers pumps and pump parts, bearings and power transmissions, metalworking products, safety supplies, industrial hoses, seals, and pipes.

How does DXP Enterprises stay ahead in the market?

DXP stays ahead through innovation, technology, training, and by attracting and retaining top talent.

What is the focus of DXP's corporate strategy?

DXP aims to be the best solution for industrial customers by providing top-notch products and services.

How does DXP Enterprises support its customers?

DXP supports its customers by offering a comprehensive range of maintenance, repair, operating, and production services.

What recent achievements has DXP Enterprises made?

DXP has made significant progress through strategic partnerships and acquisitions, enhancing its market presence.

What is the significance of the Service Centers segment for DXP?

The Service Centers segment generates the most revenue and offers essential MROP services to industrial customers.

DXP Enterprises, Inc.

Nasdaq:DXPE

DXPE Rankings

DXPE Stock Data

808.84M
15.93M
18.56%
73.65%
4.47%
General Rental Centers
Real Estate and Rental and Leasing
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United States of America
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