DXP Enterprises (DXPE) Tops Q2 EPS by 2c

DXP Enterprises (NASDAQ: DXPE) reported Q2 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $250.7 million versus the consensus estimate of $248.3 million.

David R. Little, Chairman and CEO, remarked, “We are pleased to report a strong second quarter and our outlook for the second half of 2017 continues to be positive. We continue to believe momentum is building in our business. DXP’s second quarter sales included sequential increases across Service Centers and Supply Chain Services. Total DXP EBITDA increased sequentially along with earnings per diluted share. The oil & gas and industrial economy remain firm with meaningful sales growth within Service Centers. Most of our customers and the markets we serve continue to show improvement. We remain encouraged by the sequential increases despite the continued choppiness from time-to-time in our key end markets. Thank you to all our customers and DXPeople for the support and effort.

For earnings history and earnings-related data on DXP Enterprises (DXPE) click here.

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