Dxp Enterprises, Inc. · NASDAQ:DXPE
Dxp Enterprises — Q3 2024 Earnings Presentation
10 slides from Dxp Enterprises's earnings presentation, Nov 5, 2024
Slide 1: Results for Q3 Fiscal 2024
Presented by: David Little NASDAQ: DXPE Chairman, President & CEO Results for Q3 Fiscal 2024 Kent Yee Earnings Announcement: November 5, 2024 Senior Vice President & CFO (Quarter Ending September 30, 2024)
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: Q3 Income Statement Highlights
Q3 INCOME STATEMENT HIGHLIGHTS (in thousands, except percentages and per share data) QTD QTD QTD 09/30/23 06/30/24 09/30/24 Sales $ 419,249 $ 445,556 $ 472,935 % growth y/y 8.2 % 4.1 % 12.8 % % growth seq (2.1)% 8.0 % 6.1 % Gross Profit $ 125,562 $ 137,793 $ 146,110 % margin 29.9 % 30.9 % 30.9 % Ope
Slide 4: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS (in millions, except percentages and per share data) SALES AND GROSS MARGIN DILUTED EARNINGS PER SHARE* $473 $446 $1.27 $424 $428 $419 $406 $407 $413 $387 $1.06 $1.00 $0.95 $0.94 30.8% 30.9% 30.9% 29.9% 30.2% 30.0% $0.75 29.5% $0.93 28.9% 28.5% $0.74 $0.37 Q3 22' Q4 22
Slide 5: Operating Performance by Segment
OPERATING PERFORMANCE BY SEGMENT (in millions, except percentages) OPERATING OP OPERATING SALES SALES MIX PROFIT (OP) CONTRIBUTION MARGIN $316.8 67% $46.1 66% 14.6% $89.8 19% $18.2 26% 20.3% $66.3 14% $5.6 8% 8.4% SEGMENT TOTAL $472.9 $69.9 15% CORPORATE (expenses & amortization of intangibles) $— $
Slide 6: Cash Flow and Working Capital
CASH FLOW AND WORKING CAPITAL (in thousands, except percentages) QTD QTD YTD 6/30/2024 9/30/2024 9/30/2024 NET WORKING CAPITAL Net Income $ 16,693 $ 21,101 $ 49,126 19.9% 18.9% Depreciation and Amortization 8,127 8,720 24,385 18.7% Change in Net Working Capital (10,620) (6,920) (6,713) 17.0% 17.2% 1
Slide 7: Appendix
APPENDIX
Slide 8: Reconciliation of Operating Income
RECONCILIATION OF OPERATING INCOME (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Operating Income for Reportable Segments $ 69,929 $ 58,100 $ 185,525 $ 177,623 Adjustments for: Amortization of intangibles 5,245 5,866 14,333 15,206 Corporate Expen
Slide 9: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES (in thousands, except days) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Service Centers $ 316,831 $ 294,459 $ 911,783 $ 914,078 Innovative Pumping Solutions 89,825 58,962 225,417 158,440 Supply Chain Services 66,279 65,828
Slide 10: 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