DXPE

DXP Enterprises Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Oil, Gas, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Other Transport, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Transport, Machine Tools, Metalworking & Metallurgy, Logistics, Supply Chain Management, Food, Beverage, Yee, CFO, Acquisition, Growth, Net income, DXP, Supply chain, DXPE, GAAP, Tax, Public expenditure, Central Time, Water, Depreciation, Bookkeeping

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Fourth Quarter 2023 financial highlights:
    Sales were $407.0 million or $6.7 million per day for the fourth quarter of 2023, compared to $406.3 million or $6.6 million per day for the fourth quarter of 2022.
  • Adjusted earnings before interest, taxes, depreciation and amortization and other non-cash charges ("Adjusted EBITDA") for the fourth quarter of 2023 was $41.9 million compared to $31.6 million for the fourth quarter of 2022.
  • Fiscal Year 2023 financial highlights:
    Sales increased 13.4 percent to $1.7 billion or $6.7 million per day, compared to $1.5 billion or $5.9 million per day for fiscal 2022.

DXP Enterprises, Inc. Announces Acquisition of Pro-Seal, Inc.

Retrieved on: 
Tuesday, March 5, 2024
Oil, Gas, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Other Transport, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Transport, Logistics, Supply Chain Management, Food, Beverage, Yee, Acquisition, Lubricant, Equipment, Great Lakes region, DXP, DXPE, Depreciation, Sales

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Pro-Seal, Inc. (“Pro-Seal”).

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Pro-Seal, Inc. (“Pro-Seal”).
  • DXP funded the acquisition with cash from the balance sheet.
  • “We are pleased to announce the acquisition of Pro-Seal and welcome the employees of Pro-Seal to the DXP team.
  • We anticipate this acquisition to be accretive to earnings and further expand our Rotating Equipment division.

DXP Sets Date for 2023 Fourth Quarter and Year End Earnings Release and Conference Call

Retrieved on: 
Monday, March 4, 2024
Technology, Chemicals, Plastics, Manufacturing, Nuclear, Food, Beverage, Commercial Building & Real Estate, Construction & Property, Retail, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Other Technology, Mining, Minerals, Forest Products, Agriculture, Supply Chain Management, Natural Resources, OEM, DXP, DXPE, MRO, Webcast, Security (finance), Cryptocurrency

The earnings announcement will be released before the market opens.

Key Points: 
  • The earnings announcement will be released before the market opens.
  • DXP will host a conference call, to be webcast live, on the Company’s website ( www.dxpe.com ) at 3:30 PM Central Time on that same day.
  • The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com .
  • A replay of the webcast will be available shortly after the conclusion of the presentation.

DXP Enterprises, Inc. Announces Acquisition of Kappe Associates, Inc.

Retrieved on: 
Monday, February 5, 2024
Oil, Gas, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Other Transport, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Transport, Logistics, Supply Chain Management, Food, Beverage, Yee, DXPE, Water, South Jersey, Depreciation, DXP, Acquisition

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).
  • Kappe is a leading distributor and manufacturers representative of pumps, controls and process equipment focused on serving the water and wastewater industry.
  • DXP funded the acquisition with cash from the balance sheet.
  • “We are pleased to announce the acquisition of Kappe and start the year with great additions to our water and wastewater growth efforts.

DXP Enterprises, Inc. Completes Strategic Acquisition

Retrieved on: 
Monday, January 8, 2024
Nuclear, Other Energy, Food, Beverage, Utilities, Oil, Gas, Coal, Retail, Alternative Energy, Energy, Aftermarket, Automotive, Other Transport, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Transport, Other Manufacturing, Commercial Building & Real Estate, Chemicals, Plastics, Construction & Property, Logistics, Supply Chain Management, Manufacturing, Yee, Depreciation, DXPE, CFO, Acquisition, DXP, GAAP

David R. Little, Chairman, and CEO remarked, “We are pleased to welcome the Hennesy employees to the DXP team.

Key Points: 
  • David R. Little, Chairman, and CEO remarked, “We are pleased to welcome the Hennesy employees to the DXP team.
  • Hennesy will enhance our aftermarket and service capabilities, along with furthering our efforts to grow our DXP Water platform.
  • Kent Yee, CFO added, “We are excited to start off the year with another acquisition and welcome the talented and hardworking employees of Hennesy to the DXP team.
  • We will continue to execute on our strategic priorities and strategy of making acquisitions in markets and business models where we can continue to enhance and propel DXP into the future.

DXP Enterprises, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Mining, Minerals, Other Energy, Construction & Property, Forest Products, Utilities, Oil, Gas, Coal, Agriculture, Natural Resources, Energy, Nuclear, Chemicals, Plastics, Yee, Adjustment, DXPE, Shared services center, EBITDA, Free cash flow, Acquisition, Senior, Growth, Cash flow, Central Time, The Company, Cryptocurrency, Bookkeeping, Security (finance)

DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.
  • The following are results for the three months ended September 30, 2023, compared to the three months ended September 30, 2022, and for the three months ended June 30, 2023, where appropriate.
  • Third Quarter 2023 financial highlights:
    Sales increased 8.2 percent to $419.2 million, compared to $387.3 million for the third quarter of 2022, and decreased 2.1 percent compared to the second quarter of 2023.
  • Adjusted EBITDA for the third quarter of 2023 was $44.0 million compared to $34.3 million for the third quarter of 2022.

DXP Sets Date for 2023 Third Quarter Earnings Release and Conference Call

Retrieved on: 
Monday, November 6, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Construction & Property, Mining, Minerals, Forest Products, Oil, Gas, Coal, Agriculture, Alternative Energy, Natural Resources, Energy, Nuclear, Chemicals, Plastics, OEM, Security (finance), DXPE, DXP, SIX Financial Information, Webcast, MRO, Cryptocurrency

The earnings announcement will be released before the market opens.

Key Points: 
  • The earnings announcement will be released before the market opens.
  • DXP will host a conference call, to be web cast live, on the Company’s website ( www.dxpe.com ) at 10:00 A.M. Central Time on that same day.
  • The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com .
  • DXP's earnings press release, the slides and other related presentation materials will be posted to the "Investor Relations" section of DXP's website under the subheading "Financial Information" after the market closes on the date of the earnings call and will remain available following the call.

DXP Enterprises, Inc. Completes Acquisition of Alliance Pump & Mechanical Service, Inc.

Retrieved on: 
Friday, November 3, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Supply Chain Management, Commercial Building & Real Estate, Mining, Minerals, Construction & Property, Forest Products, Utilities, Oil, Gas, Coal, Agriculture, Alternative Energy, Natural Resources, Energy, Nuclear, Chemicals, Plastics, Yee, Water, Electrical and Mechanical Services Department, DXPE, EBITDA, DXP, GAAP, Acquisition, Schwarze Pumpe power station, Depreciation, Central Region, Pump, Bookkeeping, Airline

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the completion of the acquisition of Alliance Pump & Mechanical Service, Inc (“Alliance”), a leading municipal and industrial pump sales, service, and repair company.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the completion of the acquisition of Alliance Pump & Mechanical Service, Inc (“Alliance”), a leading municipal and industrial pump sales, service, and repair company.
  • Alliance is focused on serving customers in the chemical, water/wastewater, municipal, and general industrial markets with approximately 9 employees.
  • David R. Little, Chairman, and Chief Executive Officer remarked, “We are pleased to welcome the Alliance employees to the DXP team.
  • Alliance is our third acquisition this year and is another exciting addition to DXP.

DXP Enterprises, Inc. Refinances Existing Debt and Raises an Incremental $125M to Drive Acquisition Growth

Retrieved on: 
Monday, October 16, 2023
Other Manufacturing, Other Retail, Chemicals, Plastics, Logistics, Supply Chain Management, Manufacturing, Other Construction & Property, Food, Beverage, Commercial Building & Real Estate, Construction & Property, Retail, Other Energy, Other Transport, Oil, Gas, Energy, Transport, Other Natural Resources, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Yee, Senior, Term, Acquisition, TLB, Term loan, EBITDA, Securities and Exchange Commission of Pakistan, Growth, DXPE, DXP, Security (finance), Bank

Including the new borrowings, DXP will have $550.0 million in Senior Secured Term Loan B borrowings.

Key Points: 
  • Including the new borrowings, DXP will have $550.0 million in Senior Secured Term Loan B borrowings.
  • The TLB borrowings mature on October 30, 2030, and are priced at Term SOFR plus an applicable margin of 4.75 percent.
  • The transaction provides DXP with operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.
  • This financing will support us in executing our strategy and funding both working capital, acquisition growth and reinvesting in the business.

DXP Enterprises, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Mining, Minerals, Other Energy, Construction & Property, Forest Products, Utilities, Oil, Gas, Coal, Alternative Energy, Natural Resources, Energy, Nuclear, Chemicals, Plastics, Yee, DXPE, DXP, GAAP, EBITDA, Investment, CFO, Growth, Shared services center, Video game, Bookkeeping

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the second quarter ended June 30, 2023.
  • Second Quarter 2023 financial highlights:
    Sales increased 16.4 percent to $428.0 million, compared to $367.8 million for the second quarter of 2022 and 0.9 percent compared to the first quarter of 2023.
  • Adjusted EBITDA for the second quarter of 2023 was $45.3 million compared to $32.6 million for the second quarter of 2022.
  • DXP’s second quarter 2023 sales were $428.0 million, or a 16.4 percent increase over the second quarter of 2022.