DXP Enterprises, Inc. (DXPE) Income Statement Analysis

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Complete financial analysis of DXP Enterprises, Inc. (DXPE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of DXP Enterprises, Inc., a leading company in the Industrial – Distribution industry within the Industrials sector.

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DXP Enterprises, Inc. (DXPE)

Industry: Industrial - Distribution

Sector: Industrials

Website: https://www.dxpe.com

About DXP Enterprises, Inc.

DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS). The SC segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services. It offers a range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products, and safety services categories. This segment serves customers in the oil and gas, food and beverage, petrochemical, transportation, other general industrial, mining, construction, chemical, municipal, agriculture, and pulp and paper industries. The SCS segment manages procurement and inventory management solutions; and offers outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, store room management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement, and customized reporting services. Its programs include SmartAgreement, a procurement solution for various MRO categories; SmartBuy, an on-site or centralized MRO procurement solution; SmartSource, an on-site procurement and storeroom management solution; SmartStore, an e-Catalog solution; SmartVend, an industrial dispensing solution; and SmartServ, an integrated service pump solution. The IPS segment fabricates and assembles custom-made pump packages, remanufactures pumps, and manufactures branded private label pumps. The company was founded in 1908 and is based in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	1.68B	1.48B	1.11B	1.01B	1.27B	1.22B	1.01B	962.09M	1.25B	1.50B	1.24B	1.10B	807.01M	656.20M	583.23M	736.88M	444.55M	279.82M	185.36M	160.59M	150.68M	148.11M	174.43M	182.64M	179.88M	203.40M	169.70M	125.21M
Cost of Revenue	1.17B	1.06B	785.42M	726.00M	919.97M	883.99M	735.20M	697.29M	895.06M	1.07B	869.17M	778.02M	575.17M	467.81M	431.81M	529.90M	318.86M	201.20M	135.65M	121.15M	112.13M	110.12M	130.62M	135.19M	131.11M	147.60M	123.50M	93.09M
Gross Profit	505.29M	422.04M	328.51M	279.27M	347.22M	332.21M	271.58M	264.80M	351.99M	432.84M	372.35M	319.09M	231.84M	188.40M	151.41M	206.99M	125.69M	78.62M	49.71M	39.43M	38.55M	37.98M	43.81M	47.45M	48.77M	55.80M	46.20M	32.12M
Gross Profit Ratio	30.10%	28.50%	29.49%	27.78%	27.40%	27.32%	26.98%	27.52%	28.23%	28.86%	29.99%	29.08%	28.73%	28.71%	25.96%	28.09%	28.27%	28.10%	26.82%	24.55%	25.58%	25.65%	25.11%	25.98%	27.11%	27.43%	27.22%	25.65%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	263.76M	0.00	245.47M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	93.80M	57.94M	40.31M	34.22M	34.24M	33.87M	39.77M	42.47M	44.60M	46.60M	38.40M	29.33M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	365.97M	324.29M	288.65M	246.26M	281.10M	263.76M	238.09M	245.47M	303.82M	327.90M	271.42M	228.57M	176.35M	151.30M	147.80M	158.80M	93.80M	57.94M	40.31M	34.22M	34.24M	33.87M	39.77M	42.47M	44.60M	46.60M	38.40M	29.33M
Other Expenses	0.00	-2.72M	414.00K	-74.00K	45.00K	1.19M	456.00K	5.91M	-72.00K	-131.00K	75.00K	47.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.95M	2.02M	1.80M	1.30M	0.00
Operating Expenses	365.97M	324.29M	288.65M	246.26M	281.10M	263.76M	238.09M	245.47M	303.82M	327.90M	271.42M	228.57M	176.35M	151.30M	147.80M	158.80M	93.80M	57.94M	40.31M	34.22M	34.24M	33.87M	39.77M	44.41M	46.62M	48.40M	39.70M	29.33M
Cost & Expenses	1.54B	1.38B	1.07B	972.25M	1.20B	1.15B	973.29M	942.76M	1.20B	1.39B	1.14B	1.01B	751.52M	619.11M	579.61M	688.69M	412.66M	259.14M	175.96M	155.38M	146.37M	143.99M	170.40M	179.60M	177.73M	196.00M	163.20M	122.42M
Interest Income	0.00	29.14M	21.09M	20.57M	19.50M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	53.15M	29.14M	21.09M	20.57M	19.50M	20.94M	17.05M	15.56M	10.93M	12.80M	6.28M	5.56M	3.52M	5.21M	5.25M	6.13M	3.34M	1.94M	1.00M	924.00K	1.18M	1.63M	2.48M	3.75M	0.00	3.70M	0.00	2.10M
Depreciation & Amortization	30.11M	28.50M	27.14M	22.68M	25.17M	26.16M	27.79M	29.99M	33.24M	35.08M	21.66M	18.08M	10.08M	9.57M	11.48M	10.99M	990.00K	1.75M	990.00K	992.00K	1.06M	1.16M	1.38M	1.95M	2.02M	1.80M	1.30M	964.00K
EBITDA	169.43M	123.54M	67.41M	-5.06M	92.63M	95.81M	61.73M	55.23M	5.26M	22.32M	122.66M	108.65M	65.60M	46.91M	-37.76M	58.96M	31.89M	21.78M	10.34M	6.20M	5.37M	5.28M	5.42M	4.98M	4.92M	9.96M	7.78M	3.75M
EBITDA Ratio	10.09%	6.42%	3.62%	3.28%	5.22%	5.73%	3.37%	2.62%	6.52%	6.99%	9.88%	8.26%	6.88%	7.11%	2.59%	8.00%	7.32%	7.78%	5.58%	3.82%	3.52%	3.46%	3.08%	7.29%	1.22%	3.93%	4.07%	2.99%
Operating Income	139.32M	64.69M	13.13M	10.26M	40.99M	68.45M	33.49M	19.33M	-27.92M	-12.63M	100.92M	90.52M	55.49M	37.09M	-49.33M	48.19M	31.89M	20.68M	9.40M	5.21M	4.31M	4.12M	4.03M	3.04M	2.15M	7.40M	6.50M	2.79M
Operating Income Ratio	8.30%	4.37%	1.18%	1.02%	3.23%	5.63%	3.33%	2.01%	-2.24%	-0.84%	8.13%	8.25%	6.88%	5.65%	-8.46%	6.54%	7.17%	7.39%	5.07%	3.24%	2.86%	2.78%	2.31%	1.66%	1.20%	3.64%	3.83%	2.22%
Total Other Income/Expenses	-52.39M	-31.85M	-20.68M	-58.57M	-19.45M	-19.75M	-16.60M	-9.66M	-11.00M	-130.50M	-6.21M	-5.51M	-3.49M	-4.96M	-5.15M	-5.91M	-3.00M	-1.27M	-789.00K	-825.00K	-1.11M	-1.48M	-2.43M	-12.07M	-2.48M	-3.14M	-1.76M	-1.15M
Income Before Tax	86.93M	65.90M	19.18M	-47.52M	46.67M	48.71M	16.89M	9.67M	-38.92M	-25.56M	94.72M	85.01M	52.00M	32.13M	-54.48M	42.28M	28.90M	19.40M	8.62M	4.38M	3.20M	2.63M	1.60M	-9.03M	415.00K	4.90M	4.70M	1.64M
Income Before Tax Ratio	5.18%	4.45%	1.72%	-4.73%	3.68%	4.00%	1.68%	1.01%	-3.12%	-1.70%	7.63%	7.75%	6.44%	4.90%	-9.34%	5.74%	6.50%	6.93%	4.65%	2.73%	2.12%	1.78%	0.92%	-4.94%	0.23%	2.41%	2.77%	1.31%
Income Tax Expense	18.12M	17.80M	3.43M	-18.44M	10.89M	13.19M	363.00K	2.52M	150.00K	19.68M	34.48M	34.02M	20.56M	12.75M	-12.07M	16.40M	11.55M	7.48M	3.15M	1.60M	1.13M	1.01M	671.00K	-1.67M	533.00K	2.10M	1.90M	745.00K
Net Income	68.81M	48.16M	16.50M	-29.07M	36.04M	35.63M	16.89M	7.70M	-38.54M	-45.24M	60.24M	50.99M	31.44M	19.38M	-42.41M	25.89M	17.35M	11.92M	5.47M	2.78M	2.07M	-110.00K	929.00K	-7.36M	-118.00K	2.80M	2.80M	890.00K
Net Income Ratio	4.10%	3.25%	1.48%	-2.89%	2.84%	2.93%	1.68%	0.80%	-3.09%	-3.02%	4.85%	4.65%	3.90%	2.95%	-7.27%	3.51%	3.90%	4.26%	2.95%	1.73%	1.37%	-0.07%	0.53%	-4.03%	-0.07%	1.38%	1.65%	0.71%
EPS	4.08	2.58	0.87	-1.64	2.10	2.03	0.97	0.44	-2.67	-3.15	4.17	3.54	2.19	1.40	-3.23	1.99	1.47	1.17	0.62	0.34	0.25	-0.01	0.11	-0.90	-0.01	0.34	0.33	0.08
EPS Diluted	3.89	2.47	0.83	-1.64	2.00	1.94	0.93	0.44	-2.67	-2.92	3.94	3.35	2.08	1.32	-3.23	1.87	1.36	1.04	0.47	0.25	0.21	-0.01	0.11	-0.90	-0.01	0.26	0.25	0.08
Weighted Avg Shares Out	16.87M	18.63M	18.95M	17.75M	17.59M	17.55M	17.32M	17.20M	14.41M	14.38M	14.44M	14.37M	14.30M	13.82M	13.12M	12.95M	11.70M	11.46M	11.58M	8.05M	8.14M	8.14M	8.14M	8.14M	8.15M	8.32M	8.16M	8.62M
Weighted Avg Shares Out (Dil)	17.71M	19.47M	19.79M	17.75M	18.43M	18.39M	18.24M	17.20M	14.42M	15.48M	15.28M	15.21M	15.14M	14.82M	13.12M	13.87M	12.69M	11.46M	11.58M	11.02M	9.84M	8.14M	9.01M	8.14M	8.15M	11.19M	11.41M	8.62M

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February 5, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”). Founded in 1946, Kappe is headquartered in Frederick, Maryland and operates out of three locations servicing Maryland, the District of Columbia,...

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January 8, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that is has completed the acquisitions of Hennesy Mechanical Sales LLC. DXP funded the acquisitions with cash on the balance sheet. Hennesy is a leading manufacturers representative in the municipal water and...

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November 10, 2023seekingalpha.com

DXP Enterprises, Inc. (NASDAQ:DXPE ) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Kent Yee - Chief Financial Officer David Little - Chairman & Chief Executive Officer Conference Call Participants Tommy Moll - Stephens Inc....

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November 8, 2023businesswire.com

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023. The following are results for the three months ended September 30, 2023, compared to the three months ended...

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November 6, 2023businesswire.com

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the...

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November 3, 2023businesswire.com

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the completion of the acquisition of Alliance Pump & Mechanical Service, Inc (“Alliance”), a leading municipal and industrial pump sales, service, and repair company. DXP funded the acquisition with cash on the...