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DXP Enterprises reported excellent third quarter financial results with solid sales, adjusted EBITDA, earnings per share, and free cash flow. The company achieved a 6.1 percent sequential sales increase and an 11.1 percent Adjusted EBITDA margin. DXP also completed five acquisitions through Q3.
Sales increased 6.1 percent sequentially to $472.9 million.
Net income for the third quarter was $21.1 million.
Adjusted EBITDA for the third quarter was $52.4 million.
Free Cash Flow for the third quarter was $24.4 million.
DXP expects to finish fiscal year 2024 strong with momentum going into fiscal year 2025.
Visualization of income flow from segment revenue to net income