DXP Q1 2022 Earnings Report
Key Takeaways
DXP Enterprises reported a strong first quarter in 2022, with sales increasing by 30.1% year-over-year to $319.4 million. The company's earnings per diluted share reached $0.65, and adjusted EBITDA significantly improved, reflecting the company's focus on customers and improving market conditions. DXP closed acquisitions of Drydon Equipment Inc. and Burlingame Engineers Inc.
Sales increased 30.1% year-over-year to $319.4 million.
Earnings per diluted share reached $0.65, compared to $0.02 in the prior year.
Adjusted EBITDA increased sequentially, resulting in strong margin improvement.
The company closed the acquisition of Drydon Equipment Inc. and Burlingame Engineers Inc.
DXP
DXP
DXP Revenue by Segment
Forward Guidance
While the near-term environment remains dynamic with product inflation, supply chain and labor challenges, and broader economic uncertainty, we remain confident that the underlying demand trends, our robust acquisition pipeline, and our strategic initiatives will allow us to achieve excellent performance and growth in 2022 and beyond.
Positive Outlook
- Underlying demand trends
- Robust acquisition pipeline
- Strategic initiatives
- Focus on customers
- Improving market conditions
Challenges Ahead
- Product inflation
- Supply chain challenges
- Labor challenges
- Broader economic uncertainty
- Impacts from inflation and the abating COVID crisis
Revenue & Expenses
Visualization of income flow from segment revenue to net income