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 (NASDAQ: DXPE) reported preliminary financial results for Q2 2021, highlighting a 16.2% increase in sales to $285.5 million, compared to $245.6 million in Q1 2021 and $251.4 million in Q2 2020. Net income rose to $8.1 million from $2.1 million a year prior, with earnings per diluted share at $0.40. Adjusted EBITDA reached $22.6 million, a significant jump from previous quarters. However, cash flow from operations decreased to $7.6 million, down from $63.4 million in Q2 2020. The company plans adjustments to prior financial statements due to un-vouchered purchase orders.
DXP Enterprises, Inc. (NASDAQ:DXPE) will release its preliminary financial results for Q2 2021 on August 16, 2021, before market open. The results will be accessible on the Investor Relations section of DXP's website, along with a slide presentation. This announcement is part of DXP's commitment to transparency; however, forward-looking statements are subject to risks, including capital acquisition and economic conditions. Investors should review the company's filings with the SEC for comprehensive insights.
DXP Enterprises, Inc. (NASDAQ: DXPE) reports strong preliminary financial results for Q2 2021, reflecting a 16.2% sequential sales growth across all business segments. Total sales reached $285.5 million, up from $251.4 million in Q2 2020. Free cash flow was $10.6 million, supported by $79.3 million in cash and equivalents as of June 30, 2021. The company continues to see positive trends as markets recover from the COVID-19 pandemic, positioning itself for further growth.
DXP Enterprises, Inc. (NASDAQ:DXPE) is set to announce its financial results for the second quarter ending June 30, 2021, on August 6, 2021. The press release will be made available before the market opens, followed by a live conference call at 10:30 A.M. CT. Investors can access the earnings release, slides, and additional materials in the 'Investor Relations' section of DXP's website. The company emphasizes its commitment to transparency, and the release will include forward-looking statements subject to various risks and uncertainties.
DXP Enterprises, Inc. (NASDAQ: DXPE) has announced a stock repurchase program allowing the company to buy back up to $85 million worth of shares, approximately 1.5 million shares, over the next 24 months. This initiative reflects the Board’s confidence in the company’s future and aims to enhance shareholder value. Purchases will be made at prevailing market prices, funded from available working capital. The company has around 20 million shares outstanding as of March 31, 2021. DXP’s management emphasizes that stock repurchases may be a beneficial use of capital.
DXP Enterprises, Inc. (NASDAQ: DXPE) reported Q1 2021 sales of $245.6 million, a 5.6% sequential increase from Q4 2020, yet down 18.4% year-over-year. Earnings per diluted share were $0.02, a decrease from $0.31 in Q1 2020. Adjusted EBITDA was $13.9 million, slightly up from Q4 2020 but down from $18.8 million in Q1 2020. The company closed the acquisition of Carter & Verplanck, enhancing its market diversification. DXP ended the quarter with $127.5 million in cash and $201.7 million in net debt, maintaining a leverage ratio of 2.82:1.
DXP Enterprises, Inc. (NASDAQ: DXPE) has successfully acquired Carter & Verplanck, Inc., a distributor specializing in the water and wastewater markets. Founded in 1927 and headquartered in Tampa, Florida, Carter & Verplanck recorded approximately $29.5 million in sales and $5.0 million in adjusted EBITDA for the last twelve months ending December 31, 2020. The acquisition is expected to enhance DXP's market share and service capabilities in the water and wastewater sectors. Financial terms of the deal remain undisclosed, but it will be financed through cash and common stock.
DXP Enterprises, Inc. (NASDAQ:DXPE) will announce its first-quarter financial results for the period ending March 31, 2021, on May 7, 2021, before market opening. The conference call will take place at 10:30 A.M. Central Time, available via webcast on the company's website. Additionally, earnings materials will be accessible in the 'Investor Relations' section after the market closes on May 6, 2021. The press release includes forward-looking statements and highlights risks related to economic conditions and capital needs.
DXP Enterprises, Inc. (NASDAQ: DXPE) has appointed Mr. Kent Yee, the Chief Financial Officer, as a director on its Board of Directors, effective immediately. Yee has been involved in Board meetings for the past decade and is recognized for his financial and strategic skills. As CFO, he's played a critical role in DXP's acquisitions and corporate activities, having executed over 45 transactions totaling more than $4.9 billion. His appointment is seen as a formal acknowledgment of his contributions to DXP's management team and reflects the trust the Board has in his capabilities.
DXP Enterprises reported a 5.7% sequential growth in Q4 2020 sales to $232.7 million. However, the earnings per diluted share stood at $(0.11), down from $0.12 in Q4 2019. For the full year, total sales were $1.0 billion, a decrease from $1.3 billion in 2019. Adjusted EBITDA for 2020 was $59.8 million, significantly lower than $93.6 million in 2019. The company closed six acquisitions, including four on December 31, and reported $101.1 million in free cash flow. Despite challenges from COVID-19, management expressed optimism for 2021.