DXP Enterprises Reports Third Quarter 2020 Results

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DXP Enterprises (DXPE) Tops Q3 EPS by 39c, Revenues Miss

November 6, 2020 8:03 AM EST

DXP Enterprises (NASDAQ: DXPE) reported Q3 EPS of $0.16, $0.39 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $220.2 million versus the consensus estimate of $225 million.

Third Quarter 2020 financial highlights:

Sales were $220.2 million, compared to $327.2 million for the third quarter of 2019.Earnings per diluted share for the third quarter was $(1.95) based upon 17.8 million diluted shares, compared to $0.71 per share in the third quarter of September 30, 2019, based on 18.4 million diluted shares. Excluding non-cash impairment charges of $48.4 million, earnings per diluted share was $0.16 per share, assuming a 22.4 percent tax... More