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Jun 30, 2022
DXP Q2 2022 Earnings Report
Reported a strong second quarter with significant sales growth and improved profitability.
Key Takeaways
DXP Enterprises reported a strong second quarter in 2022, marked by a 28.7% increase in sales to $367.8 million compared to the previous year. The company's net income rose to $14.4 million, and diluted EPS reached $0.74. Adjusted EBITDA also saw substantial growth, reaching $32.6 million, reflecting broad-based strength across the company.
Sales increased by 28.7% year-over-year, reaching $367.8 million.
Net income increased to $14.4 million, compared to $8.1 million in Q2 2021.
Earnings per diluted share were $0.74, up from $0.41 in the prior year.
Adjusted EBITDA grew to $32.6 million, reflecting a 43.8% increase.
Revenue by Segment
Forward Guidance
DXP Enterprises anticipates a strong second half of 2022, driven by positive demand trends, strategic acquisitions, and ongoing strategic initiatives, positioning the company for a robust finish to 2022 and setting the stage for a better 2023.
Positive Outlook
- Strong demand trends are expected to continue.
- Acquisitions are expected to contribute to growth.
- Strategic initiatives are expected to drive performance.
- Momentum in the business is expected to continue.
- Diversification of end market and business model exposure.
Challenges Ahead
- Macro-environment continues to remain dynamic.
- Inflationary pressures are expected to continue.
- Potential decreases in oil and natural gas prices.
- Economic risks related to the impact of COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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