DXP Enterprises Reports First Quarter 2020 Results

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Go back to DXP Enterprises Reports First Quarter 2020 Results

DXP Enterprises (DXPE) Tops Q1 EPS by 11c, Revenues Beat

May 8, 2020 8:01 AM EDT

DXP Enterprises (NASDAQ: DXPE) reported Q1 EPS of $0.31, $0.11 better than the analyst estimate of $0.20. Revenue for the quarter came in at $301 million versus the consensus estimate of $282.02 million.

First Quarter 2020 financial highlights:

Sales decreased 3.3 percent to $301.0 million, compared to $311.2 million for the first quarter of 2019.
Earnings per diluted share for the first quarter was $0.31 based upon 18.6 million diluted shares, compared to $0.40 per share in the first quarter of March 31, 2019, based on 18.4 million diluted shares.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter was $17.8 million compared to $21.1... More