Overview
DXP Q3 sales grow 8.6% yr/yr, beating analyst expectations
Net income for Q3 misses analyst estimates
Company completed three acquisitions in Q3, two more after quarter end
Outlook
Company expects to finish fiscal year 2025 strong with momentum into fiscal year 2026
Result Drivers
ACQUISITIONS - Co completed three acquisitions in Q3 and two more after quarter end, contributing to growth strategy
SEGMENT PERFORMANCE - Service Centers and Innovative Pumping Solutions segments saw significant revenue growth, while Supply Chain Services declined
STRATEGIC EXECUTION - Co attributes results to continued execution of growth strategy and diversification efforts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $513.72 mln | $499 mln (1 Analyst) |
Q3 Net Income | Miss | $21.63 mln | $24 mln (1 Analyst) |
Q3 Operating income | Miss | $43.70 mln | $47 mln (1 Analyst) |
Q3 Pretax Profit | Miss | $29.45 mln | $32 mln (1 Analyst) |
Q3 Gross Profit | $161.26 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for DXP Enterprises Inc is $141.00, about 13.5% above its November 5 closing price of $122.01
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nBw1Pdl1wa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments