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) 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.
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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