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Sep 30, 2021
DXP Q3 2021 Earnings Report
DXP Enterprises reported a year-over-year sales increase, driven by growth across all three business segments and strategic acquisitions.
Key Takeaways
DXP Enterprises announced third quarter 2021 financial results, featuring a 31.5% year-over-year increase in sales to $289.5 million and GAAP diluted EPS of $0.36. The company also reported $63.1 million in cash and cash equivalents and $5.2 million in free cash flow for the quarter. Strategic acquisitions, including Process Machinery and Premier Water, contributed to the company's performance.
Sales increased by 31.5% year-over-year, reaching $289.5 million.
GAAP diluted EPS was reported at $0.36, a significant improvement compared to the previous year.
Cash and cash equivalents totaled $63.1 million.
Free cash flow for the quarter amounted to $5.2 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 Enterprises is confident in its ability to deliver strong results to stakeholders during the remainder of 2021 and beyond, driven by ongoing positive market trends, a strong acquisition pipeline, and steady improvement in execution and capabilities.
Positive Outlook
- Ongoing positive market trends
- Strong acquisition pipeline
- Steady improvement in execution
- Sequential increase in the IPS backlog
- Teamwork and overall tone at DXP is moving in the right direction
Challenges Ahead
- Continued choppiness associated with COVID-19
- Related supply chain issues
- Decrease in cash has been primarily driven by our acquisition activity
- Exposure to decreases in oil and natural gas prices
- Dependence on existing management
Revenue & Expenses
Visualization of income flow from segment revenue to net income