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. distributes maintenance, repair and operating products, equipment and services to MRO and OEM customers across industrial, energy, food and beverage, chemical, transportation, water and wastewater markets. The company operates through Service Centers, Innovative Pumping Solutions and Supply Chain Services, with product categories that include rotating equipment, bearings, power transmission, hose, fluid power, metal working, fasteners, industrial supplies and safety products.
Recurring news for DXPE includes quarterly and annual results, segment revenue and operating margin trends, Adjusted EBITDA, free cash flow and balance-sheet updates. Company announcements also cover completed acquisitions that expand DXP Water, water and wastewater service capabilities, integrated pump systems and related distribution platforms, as well as debt refinancing and other capital actions tied to its growth strategy.
DXP Enterprises, Inc. (NASDAQ:DXPE) is set to announce its financial results for the fourth quarter and full year ending December 31, 2020, on March 9, 2021, prior to the market opening. A conference call will follow at 10:30 A.M. Central Time, streamed live on the company’s website. Investors can access related materials, including the earnings press release and presentation slides, in the 'Investor Relations' section of their site after the market closes on March 8. Forward-looking statements are included, highlighting risks like capital acquisition and economic conditions.
DXP Enterprises, Inc. (NASDAQ: DXPE) announced the completion of acquisitions for Total Equipment Company, APO Pumps & Compressors (including Corporate Equipment Company), and Pumping Solutions, Inc. Financial details were not disclosed. The acquisitions enhance DXP's service capabilities and market diversification, particularly in water and wastewater sectors. Sales and adjusted EBITDA for these companies were approximately $114 million and $16 million, respectively, for the eleven months ending November 30, 2020. DXP expects the acquisitions to be accretive to earnings.
DXP Enterprises, Inc. (NASDAQ: DXPE) has closed a $330 million Senior Secured Term Loan B, maturing on December 23, 2027. The funds will repay the existing Term Loan B and support general corporate purposes, including potential acquisitions. The new loan is secured by the company's consolidated assets and priced at 4.75% over LIBOR, featuring leverage covenants ranging from 5.75:1 to 4.75:1. The refinancing enhances DXP's financial flexibility and liquidity, allowing for continued growth. Net debt to EBITDA stands at 2.6:1 following this transaction.
DXP Enterprises (NASDAQ: DXPE) reported third-quarter 2020 results with sales of $220.2 million, a drop from $327.2 million in Q3 2019. Earnings per diluted share were $(1.95), significantly lower than $0.71 in the same quarter last year. Excluding non-cash impairment charges totaling $48.4 million, adjusted earnings per share was $0.16. Free cash flow surged to $29.1 million compared to $5.3 million in Q3 2019. The company held $97.4 million in cash, with net debt reduced to $120.1 million. Despite a challenging economic environment, DXP remains focused on growth opportunities and cost management.
DXP Enterprises, Inc. (NASDAQ: DXPE) will announce its third-quarter financial results for the period ending September 30, 2020, on November 6, 2020, at 7:00 A.M. Central Time. A live conference call will follow at 10:30 A.M. Central Time, accessible via the company's website. Participants are urged to register ahead of time. The company emphasizes that forward-looking statements may involve risks and uncertainties that could cause actual results to differ significantly from those forecasted.