Dxp Enterprises, Inc. · NASDAQ:DXPE
Dxp Enterprises — Q1 2025 Earnings Presentation
12 slides from Dxp Enterprises's earnings presentation, May 7, 2025
Slide 1: Results for Q1 Fiscal 2025
Presented by: David Little NASDAQ: DXPE Chairman, President & CEO Results for Q1 Fiscal 2025 Kent Yee Earnings Announcement: May 8, 2025 Senior Vice President & CFO (Quarter Ending March 31, 2025)
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws that involve risks and uncertainties. Certain statements contained in this report are not purely historical, including statements regarding our expectations, belief
Slide 3: Q1 2025 Key Takeaways
Q1 2025 KEY TAKEAWAYS • Sales increased to $476.6 million, a 15.5 percent year over year increase compared to the first quarter of 2024, and a 1.2 percent sequential increase from the fourth quarter of 2024. ◦ Organic sales grew 11.1 percent year over year ◦ Acquisition sales contributed $31.1 milli
Slide 4: Q1 2025 Income Statement Highlights
Q1 2025 INCOME STATEMENT HIGHLIGHTS (in thousands, except percentages and per share data) QTD QTD QTD 03/31/24 12/31/24 03/31/25 Sales $ 412,635 $ 470,914 $ 476,569 % growth y/y (2.7)% 15.7 % 15.5 % % growth seq 1.4 % (0.4)% 1.2 % Gross Profit $ 123,882 $ 148,492 $ 150,265 % margin 30.0 % 31.5 % 31.
Slide 5: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS (in millions, except percentages and per share data) SALES AND GROSS MARGIN DILUTED EARNINGS PER SHARE* $473 $471 $477 $446 $1.29 $424 $428 $1.25 $419 $413 $407 $1.00 $1.27 31.5% 31.5% $0.95 $0.93 $0.94 30.8% 30.9% 30.9% 30.2% $1.06 29.9% 30.0% 29.5% $0.74 Q1 '23 Q2 '2
Slide 6: Quarterly Operating Performance by Segment
QUARTERLY OPERATING PERFORMANCE BY SEGMENT (in millions, except percentages) OPERATING OP OPERATING SALES SALES MIX PROFIT (OP) CONTRIBUTION MARGIN $327.1 69% $47.0 71% 14.4% $86.2 18% $13.4 20% 15.5% $63.3 13% $5.6 9% 8.8% SEGMENT TOTAL $476.6 $66.0 13.8% CORPORATE (expenses & amortization of intan
Slide 7: Quarterly Cash Flow and Working Capital
QUARTERLY CASH FLOW AND WORKING CAPITAL (in thousands, except percentages) NET WORKING CAPITAL (in millions)(1) 18.7% 17.5% 17.3% 17.0% 17.4% 16.4% 16.7% 16.1% 16.1% $325 QTD QTD $278 $307 $290 $275 $287 $291 $291 $269 12/31/2024 3/31/2025 Net Income $ 21,363 $ 20,589 Depreciation and Amortization 9
Slide 8: Disciplined Capital Allocation Priorities
DISCIPLINED CAPITAL ALLOCATION PRIORITIES 2020 - 2025 Capital Allocation Balanced Capital Deployment 5% 31% 46% 67% 13% • Track record of 18% sustainable and • Disciplined M&A 12% proactive debt strategy focused on end management through market diversification, 3% 58% the cycle portfolio enhancement
Slide 9: Appendix
APPENDIX
Slide 10: Reconciliation of Operating Income
RECONCILIATION OF OPERATING INCOME (in thousands) Three Months Ended March 31, 2025 2024 Operating Income for Reportable Segments $ 66,015 $ 52,552 Adjustments for: Amortization of intangibles 5,355 4,369 Corporate expenses 20,145 19,052 Total Operating Income $ 40,515 $ 29,131 Interest Expense 14,6
Slide 11: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES (in thousands, except days) Three Months Ended March 31, 2025 2024 Service Centers $ 327,075 $ 288,435 Innovative Pumping Solutions 86,182 62,216 Supply Chain Services 63,312 61,984 Total DXP Sales $ 476,569 $ 412,635 Acquisition Sales $ 31,112 $ 11,775 Organic Sa
Slide 12: Definitions
DEFINITIONS Organic Sales and Acquisition Sales We define and calculate organic sales to include locations and acquisitions under our ownership for at least twelve months. "Acquisition Sales" are sales from acquisitions that have been under our ownership for less than twelve months and are excluded