Business
DXP Enterprises, Inc. Reports First Quarter 2025 Results
$114.3 million in cash $476.6 million in sales, a 15.5 percent year-over-year increase GAAP diluted EPS of $1.25 $52.5 million in earnings before interest,
About this update from Dxp Enterprises, Inc.
[{"type":"text","content":"\n\n$114.3 million in cash\n\n\n$476.6 million in sales, a 15.5 percent year-over-year increase\n\n\nGAAP diluted EPS of $1.25\n\n\n$52.5 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges (\"Adjusted EBITDA\")\n\n\nCompleted the acquisition of Arroyo Process Equipment\n\n\n HOUSTON--(BUSINESS WIRE)--\nDXP Enterprises, Inc. (\"DXP\" or the \"Company\") (NASDAQ: DXPE) today announced financial results for the first quarter ended March 31, 2025. The following are results for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, and December 31, 2024, where appropriate. A reconciliation of the non-GAAP financial measures can be found in the back of this press release.\n\nFirst Quarter 2025 Financial Highlights:\n\n\nSales increased 15.5 percent to $476.6 million compared to $412.6 million for the first quarter of 2024 .\n\n\nNet income for the first quarter was $20.6 million, compared to $11.3 million for the first quarter of 2024 and $21.4 million for the fourth quarter of 2024.\n\n\nEarnings per diluted share for the first quarter was $1.25 based upon 16.5 million diluted shares, compared to $0.67 earnings per diluted share in the first quarter of 2024, based on 17.0 million diluted shares. Adjusted diluted earnings per share was $1.26 for the first quarter compared to $0.70 in the first quarter of 2024.\n\n\nAdjusted EBITDA for the first quarter was $52.5 million compared to $40.3 million for the first quarter of 2024 and $50.3 million for the fourth quarter of 2024. Adjusted EBITDA as a percentage of sales, or Adjusted EBITDA margin, was 11.0 percent, 9.8 percent, and 10.7 percent, respectively.\n\n\nBusiness segment financial highlights:\n\n\nService Centers’ revenue for the first quarter was $327.1 million, an increase of 13.4 percent year-over-year, with a 14.4 percent operating income margin.\n\n\nInnovative Pumping Solutions’ revenue for the first quarter was $86.2 million, an increase of 38.5 percent year-over-year, with a 15.6 percent operating income margin.\n\n\nSupply Chain Services’ revenue for the first quarter was $63.3 million, an increase of 2.1 percent year-over-year, with a 8.8 percent operating income margin.\n\n\nDavid R. Little, Chairman and Chief Executive Officer commented, \"First quarter results reflect the resilience and...