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Jun 30, 2023
DXP Q2 2023 Earnings Report
DXP Enterprises reported a strong second quarter with increased sales and earnings.
Key Takeaways
DXP Enterprises, Inc. announced financial results for the second quarter ended June 30, 2023, featuring a 16.4% year-over-year increase in sales to $428.0 million and net income attributable to common shareholders of $19.0 million, compared to $14.4 million in Q2 2022. The company also reported adjusted EBITDA of $45.3 million and completed the acquisitions of Riordan Materials Corporation, Florida Valve & Equipment Corp., and Environmental MD.
Sales increased 16.4 percent year-over-year to $428.0 million.
Net income attributable to common shareholders was $19.0 million, up from $14.4 million in Q2 2022.
GAAP diluted EPS reached $1.06 compared to $0.74 per share in the previous year.
Adjusted EBITDA was $45.3 million, compared to $32.6 million for the second quarter of 2022.
Revenue by Segment
Forward Guidance
DXP is optimistic that they can show continued sales and profit improvement during the second half of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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