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) delivers essential industrial distribution solutions through its service centers, pumping systems expertise, and supply chain services. This news hub provides investors and industry professionals with centralized access to corporate developments shaping the industrial sector.
Track official press releases, financial updates, and strategic announcements from this leading distributor of MROP products. Our curated collection includes earnings disclosures, acquisition updates, leadership changes, and operational milestones across DXPE's core markets in energy, manufacturing, and infrastructure.
Key focus areas include innovations in pumping technology, supply chain optimization initiatives, and service center expansions. Users gain timely insights into corporate partnerships, safety program enhancements, and industry-specific solution developments.
Bookmark this page for streamlined monitoring of DXPE's progress in industrial distribution. Combine strategic awareness with operational intelligence through verified updates from the company and trusted financial sources.
DXP Enterprises (NASDAQ: DXPE) has announced a new stock repurchase program authorized by its Board of Directors. The program allows for the acquisition of up to $85.0 million or 2.5 million shares of outstanding common stock over the next 24 months. This follows the successful completion of a previous program where the company repurchased $85 million or 2.8 million shares.
The new program demonstrates confidence in DXP's future and aims to create additional shareholder value. The company views its shares as an attractive investment opportunity and believes that repurchasing shares is an accretive use of cash. DXP's management highlights the company's resilience, transformed end markets, and diversified business as factors supporting this decision.
DXP Enterprises, Inc. (NASDAQ: DXPE) reported strong financial results for Q2 2024. Sales increased 8.0% sequentially to $445.6 million, up 4.1% year-over-year. Net income was $16.7 million, with earnings per diluted share at $1.00. Adjusted EBITDA reached $48.2 million, a 10.8% margin. The company saw growth across its segments: Service Center ($306.5M), Innovative Pumping Solutions ($73.4M), and Supply Chain Services ($65.7M). DXP completed four acquisitions through Q2, enhancing its water and industrial rotating equipment capabilities. With a strong balance sheet and a secured leverage ratio of 2.64:1.0, DXP plans to close at least two more acquisitions in H2 2024, demonstrating its commitment to strategic growth and diversification.
DXP Enterprises, Inc. (NASDAQ: DXPE), a leading business-to-business products and service distributor, has announced its plans to release second quarter 2024 financial results on Thursday, August 8th, after market close. The company will host a conference call and webcast on Friday, August 9th at 10:30 AM Central Time to discuss the earnings.
Investors can access the webcast live on DXP's website (www.dxpe.com) in the 'Investor Relations' section. The earnings press release, accompanying slide presentation, and other related materials will be available on the website under the 'Financial Information' subheading. A replay of the webcast will be accessible shortly after the presentation concludes.
Web participants are advised to register and install any necessary audio software at least 15 minutes before the call starts. This announcement is protected under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
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.
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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