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Jun 30, 2024
DXP Q2 2024 Earnings Report
DXP Enterprises reported an increase in sales and Adjusted EBITDA, driven by organic growth and acquisitions.
Key Takeaways
DXP Enterprises, Inc. announced its second quarter 2024 financial results, featuring an 8.0% sequential increase in sales to $445.6 million and a rise in Adjusted EBITDA to $48.2 million. The company's performance reflects its growth strategy and diversification efforts, with contributions from organic sales and strategic acquisitions.
Sales increased 8.0% sequentially to $445.6 million, and 4.1% year-over-year.
Net income for the second quarter was $16.7 million.
Adjusted EBITDA was $48.2 million, representing 10.8% of sales.
Free Cash Flow for the second quarter was $5.9 million.
DXP
DXP
DXP Revenue by Segment
Revenue by Segment
Service Centers Revenue
CapyFin.comInnovative Pumping Solutions Revenue
CapyFin.comSupply Chain Services Revenue
CapyFin.com Forward Guidance
DXP anticipates closing at least two more acquisitions during the second half of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income