DXP Q3 2020 Earnings Report
Key Takeaways
DXP Enterprises announced financial results for the third quarter ended September 30, 2020. Sales were $220.2 million. GAAP diluted EPS was $(1.95), excluding non-cash, one-time items, adjusted EPS was $0.16. Free cash flow for the quarter was $29.1 million.
$97.4 million in cash and cash equivalents
$220.2 million in sales
GAAP diluted EPS of $(1.95), excluding non-cash, one-time items, adjusted EPS of $0.16
Free cash flow for the quarter of $29.1 million
DXP
DXP
DXP Revenue by Segment
Forward Guidance
Visibility on the economic outlook remains extremely limited. Specifically, the risk of a third wave of virus cases, the reinstitution of select geographic lockdowns, and the risk of lingering high unemployment create an uncertain economic environment that likely persists through the rest of 2020, based upon what we know today.
Challenges Ahead
- Risk of a third wave of virus cases
- Reinstitution of select geographic lockdowns
- Risk of lingering high unemployment
- Uncertain economic environment that likely persists through the rest of 2020
- Economic activity is likely near trough levels
Revenue & Expenses
Visualization of income flow from segment revenue to net income