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DXP Enterprises (DXPE)
NASDAQ:DXPE
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.2Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 1.43%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
DXP Enterprises reported a strong fiscal year 2024 with record sales and significant growth in key segments, particularly through acquisitions and diversification strategies. Despite some challenges in Supply Chain Services and increased operating expenses, the company maintained strong margins and cash flow, positioning itself well for future growth.Company Guidance
In the DXP Enterprises Fourth Quarter 2024 Earnings Release Conference Call, a range of financial metrics and strategies were discussed by CEO David Little and CFO Kent Yee. The company achieved a record fiscal year with sales rising by 7.4% to $1.8 billion and adjusted EBITDA reaching $191 million, marking the second fiscal year with adjusted EBITDA margins over 10%, specifically 10.62%. Gross profit margins improved by 77 basis points to 30.9%, while operating income increased by 4.8%. Key growth drivers included Innovative Pumping Solutions, which saw a 47.7% increase, and strategic acquisitions, with seven completed in 2024. DXP's end-market diversification was emphasized, with oil and gas comprising 23% of the business, and the water and wastewater sector growing to 44% of Innovative Pumping Solutions sales. The company's focus on capital allocation and growth through acquisitions was supported by refinancing efforts that raised $105 million and reduced interest costs by 100 basis points. Looking forward, DXP aims to maintain high margins and continue growing both organically and through further acquisitions, anticipating a strong performance in fiscal 2025.Record Sales and Growth
DXP Enterprises achieved record sales growth in fiscal year 2024, with a 7.4% increase to $1.8 billion. Innovative Pumping Solutions led the way with a 47.7% year-over-year increase.
Improved Gross and EBITDA Margins
Gross profit margins increased by 77 basis points to 30.9%, and adjusted EBITDA margins remained above 10% for the second consecutive year, reaching 10.62%.
Successful Acquisitions and Diversification
DXP completed 7 acquisitions in fiscal 2024, contributing significantly to sales growth and diversification, particularly in the water and wastewater sectors.
Strong Free Cash Flow and ROIC
Generated $77 million in free cash flow and achieved a return on invested capital (ROIC) of 39%, demonstrating strong financial management.
Debt Refinancing and Share Repurchase
Successfully refinanced Term Loan B, reducing interest costs by 100 basis points, and repurchased $28.8 million in shares.
Positive Sales Trends
Sales per business day improved throughout the year, concluding Q4 with $7.595 million per day, and continued strong sales into Q1 2025.
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DXPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DXPE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $78.45 | $78.69 | +0.31% |
| Nov 04, 2024 | $50.92 | $61.59 | +20.95% |
| Aug 08, 2024 | $47.76 | $49.61 | +3.87% |
| May 08, 2024 | $55.50 | $51.05 | -8.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DXP Enterprises (DXPE) report earnings?
DXP Enterprises (DXPE) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is DXP Enterprises (DXPE) earnings time?
DXP Enterprises (DXPE) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DXPE EPS forecast?
DXPE EPS forecast for the fiscal quarter 2025 (Q1) is 1.2.
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