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Dec 31, 2023
DXP Q4 2023 Earnings Report
DXP Enterprises reported mixed fourth-quarter results with sales slightly increasing and adjusted EPS significantly improving.
Key Takeaways
DXP Enterprises reported a slight increase in sales for the fourth quarter of 2023, with sales reaching $407.0 million compared to $406.3 million in the same period of 2022. Diluted earnings per share increased to $0.94 from $0.37, and adjusted diluted earnings per share rose to $1.12 from $0.50. Adjusted EBITDA also increased to $41.9 million from $31.6 million year-over-year.
Sales for Q4 2023 were $407.0 million, slightly up from $406.3 million in Q4 2022.
Diluted earnings per share increased to $0.94 from $0.37 year-over-year.
Adjusted diluted earnings per share rose to $1.12 from $0.50 year-over-year.
Adjusted EBITDA increased to $41.9 million from $31.6 million year-over-year.
Revenue by Segment
Forward Guidance
The sales momentum from the fourth quarter accompanied by our backlogs has positioned us for further success as we move into 2024. DXP’s balanced end markets, and our ability to continue to execute on acquisitions have set the stage for 2024.
Positive Outlook
- Sales momentum from the fourth quarter
- Existing backlogs positioning for success in 2024
- Balanced end markets
- Ability to execute on acquisitions
- Positive dynamics in traditional end markets like oil & gas
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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