DXP Enterprises Announces 2015 First Quarter Results

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Go back to DXP Enterprises Announces 2015 First Quarter Results

DXP Enterprises (DXPE) Misses Q1 EPS by 18c

May 7, 2015 4:03 PM EDT

DXP Enterprises (NASDAQ: DXPE) reported Q1 EPS of $0.63, $0.18 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $341.6 million versus the consensus estimate of $361 million.

David R. Little, Chairman and Chief Executive Officer, remarked, Total DXP revenue of $341.6 million for the first quarter was down 2% year-over-year, significantly less than the 42% decline in the rig count and 53% drop in oil prices from March of last year through the end of the quarter this year. We appreciate all the hard work from our DXPeople as we work as a team through these... More