DXPE
DXP Enterprises, Inc.110.25
+1.94+1.79%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Light Q&A adds sales, energy color
Q&A stayed light, largely reaffirming prepared remarks on strong execution while adding color on sales trends: Q4 ramped from $7.5M/day in October to $9.8M in December, with January at $6.9M (up 2% YoY, typical slow month). Energy backlog fell another 9.3% in Q4—the second straight quarter—yet quoting activity boomed, signaling potential back-end weighted 2026 as prior holds loosen. Management sidestepped Q1 margin specifics but highlighted accretive water and acquisitions. No contradictions surfaced. Investors watch energy bookings.
Key Stats
Market Cap
1.73BP/E (TTM)
20.92Basic EPS (TTM)
5.27Dividend Yield
0%Recent Filings
8-K
Q4 sales hit $527M
DXP Enterprises reported fiscal 2025 sales up 11.9% to $2.0 billion, net income rising 25.8% to $88.7 million, and Adjusted EBITDA climbing 17.8% to $225.3 million. Innovative Pumping Solutions surged 26.4% to $390.3 million, while Service Centers grew 11.0% to $1.4 billion. Refinanced Term Loan B adds $205 million firepower. Momentum rolls into 2026.
10-K
FY2025 results
DXP Enterprises rang up $2.0B in FY2025 sales, up 11.9% y/y, with organic growth at 12.7% (derived) fueled by SC's 9.8% and IPS's 41.7% surges while SCS dipped 1.4%; operating income climbed to $177M (8.8% margin) from margin gains in IPS (16.6%) and SC (14.4%). Q4 momentum roared via six acquisitions adding $96M sales, IPS backlog at $325M, and water/wastewater diversification, yet free cash flow softened to $54M on higher capex. Debt stands at $847M with $457M liquidity; $17M buybacks executed. Q4 accelerated organic gains. Cyber threats loom large.
8-K
DXP adds $205M term loans
DXP Enterprises closed a Term Loan Amendment on December 16, 2025, adding $205 million in incremental term loans from Goldman Sachs, boosting total borrowings to $848 million maturing October 13, 2030, at Term SOFR + 3.25%. This reprices existing debt, cuts financial covenants, and frees cash for acquisitions while bolstering the balance sheet. Lenders forced out via assignments. Flexibility reigns.
10-Q
Q3 FY2025 results
DXP Enterprises posted Q3 sales of $513.7M, up 8.6% y/y from $472.9M, with gross margin expanding to 31.4% from 30.9%; operating income rose 10.3% y/y to $43.7M while diluted EPS held steady at $1.31. Service Centers drove $350.2M (68% of sales, +10.5% y/y) and Innovative Pumping added $100.6M (+11.9% y/y), fueled by organic growth and acquisitions totaling $25.6M cash (recognizing $12.2M goodwill, $5.8M intangibles over 5-8 years). Cash sits at $123.8M with $153.4M ABL availability and $644M debt (Secured Leverage Ratio 2.31x); FCF not disclosed in the 10-Q. Acquisitions continue post-quarter. IRS scrutiny threatens $37M in R&D tax credits.
8-K
Q3 sales up 8.6%
DXP Enterprises reported Q3 sales of $513.7 million, up 8.6% year-over-year, with net income at $21.6 million and GAAP diluted EPS of $1.31. Adjusted EBITDA hit $56.5 million at 11.0% margin, fueled by double-digit growth in Service Centers and Innovative Pumping Solutions. Acquisitions drive momentum. Five deals closed since Q3 start.
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