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Dec 31, 2024
DXP Q4 2024 Earnings Report
DXP Enterprises reported revenue growth and higher earnings in Q4 2024.
Key Takeaways
DXP Enterprises delivered strong financial performance in Q4 2024, with total sales increasing by 15.7% year-over-year to $470.9 million. Net income rose to $21.4 million, while diluted EPS improved to $1.29. Adjusted EBITDA grew 20.1% to $50.3 million. Free cash flow was $22.7 million, reflecting 46.4% of EBITDA.
Revenue grew 15.7% to $470.9 million in Q4 2024.
Net income increased to $21.4 million, up from $16.0 million in Q4 2023.
Diluted EPS improved to $1.29, compared to $0.94 in Q4 2023.
Adjusted EBITDA rose 20.1% to $50.3 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 positioned for continued growth in 2025, supported by strong backlogs and expansion into key end markets.
Positive Outlook
- Sales momentum from Q4 2024 expected to continue into 2025.
- Company strengthened its balance sheet by raising a new Term Loan B.
- Strong backlog positions the company for further growth in 2025.
- Expansion into key end markets, including oil & gas and water & wastewater.
- Continued focus on acquisitions to enhance growth.
Challenges Ahead
- Supply Chain Services revenue declined year-over-year.
- Higher interest expenses impacted overall earnings.
- Foreign currency translation resulted in a $2.2 million loss in Q4 2024.
- General and administrative expenses increased due to expansion efforts.
- Free cash flow declined compared to Q4 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income