DXP Enterprises Q1 sales rise 9.5%, EPS slips
DXP Enterprises, Inc. DXPE | 0.00 |
Overview
Industrial distributor's Q1 sales rose 9.5% yr/yr to $521.7 mln
Diluted EPS declined to $1.22 from $1.25 a year ago
Company completed three acquisitions during the quarter
Outlook
Company expects to continue fiscal year 2026 with strong momentum
Result Drivers
GROWTH STRATEGY EXECUTION - Co said Q1 results reflected continued execution of its growth strategy and diversification efforts
INNOVATIVE PUMPING SOLUTIONS GROWTH - Segment revenue rose 37.7% yr/yr, outpacing other segments
Company press release: ID:nBw7NSM9ta
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Sales |
Miss |
$521.66 mln |
$535 mln (1 Analyst) |
Q1 Net Income |
Miss |
$19.98 mln |
$25 mln (1 Analyst) |
Q1 Operating income |
Miss |
$42.47 mln |
$51 mln (1 Analyst) |
Q1 Gross Profit |
|
$168.61 mln |
|
Q1 Pretax Profit |
|
$26.63 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for DXP Enterprises Inc is $154.00, about 15.2% below its May 6 closing price of $181.51
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 20 three months ago
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