DXP Q3 2022 Earnings Report
Key Takeaways
DXP Enterprises reported a 33.8% year-over-year increase in sales, reaching $387.3 million. Net income increased to $13.9 million, with GAAP diluted EPS at $0.71 and non-GAAP diluted EPS at $0.78. Adjusted EBITDA was $34.3 million, representing 9% Adjusted EBITDA margins.
Sales increased 33.8 percent year-over-year and 5.3 percent sequentially.
Net income increased to $13.9 million compared to $7.1 million in Q3 2021.
GAAP diluted EPS was $0.71, and non-GAAP diluted EPS was $0.78.
Adjusted EBITDA reached $34.3 million, with 9% Adjusted EBITDA margins.
DXP
DXP
DXP Revenue by Segment
Forward Guidance
The company expects to deliver exceptional performance and growth in the years ahead, maintaining confidence in their team, balanced business, strong balance sheet, and ability to continue building and strengthening DXP through key initiatives and acquisitions. They expect to finish 2022 with strong momentum.
Revenue & Expenses
Visualization of income flow from segment revenue to net income