Dxp Enterprises, Inc. · NASDAQ:DXPE
Dxp Enterprises — Q3 2023 Earnings Presentation
10 slides from Dxp Enterprises's earnings presentation, Nov 9, 2023
Slide 1: Results for Q3 Fiscal 2023
Presented by: David Little Chairman, President & CEO Results for Q3 Fiscal 2023 Kent Yee Earnings Announcement: November 9, 2023 Senior Vice President & CFO (Quarter Ending September 30, 2023)
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 ($ thousands) Prior Yr Prior Qtr Current Qtr Sep 30, 2022 Jun 30, 2023 Sep 30, 2023 Sales $ 387,314 $ 428,040 $ 419,249 % growth - yoy 33.8% 16.4% 8.2% % growth - seq 5.3% 0.9% -2.1% Gross Profit 111,633 131,852 125,562 % margin 28.8% 30.8% 29.9% Operating Income 26,53
Slide 4: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS Sales and Gross Margin Diluted Earnings Per Share ($ millions) ($ actuals)* 30.8% 33.0% 28.8% 27.4% 29.5% 30.0% 450 1.2 31.0% 30.0% 29.7% 28.4% 428 400 424 419 28.9% 406 29.0% 387 350 1.06 1 368 0.95 0.93 27.0% 319 300 0.8 289 293 25.0% 250 0.74 0.75 0.65 0.6 23.0% 200
Slide 5: Q3 Operating Performance by Segment
Q3 OPERATING PERFORMANCE BY SEGMENT ($ millions) Sales Sales $ Mix OP$ OP% 14.1% $ 294.5 70% $ 41.4 14.1% 5.0 20.0 18.9% 14% $ 58.9 $ 11.2 18.9% 2.0 20.0 8.5% $ 65.8 16% $ 5.6 8.5% 5.0 20.0 Corporate* --- $ (22.3) Total DXP $ 419.2 100% $ 35.9 8.6% 5 *Corporate expense includes amortization of intan
Slide 6: Cash Flow & Working Capital
CASH FLOW & WORKING CAPITAL Prior Qtr Current Qtr Jun 30, 2023 Sept. 30, 2023 NET WORKING CAPITAL ($ millions) GAAP net income $ 19,054 $ 16,173 19.5% Depreciation and amortization 6,703 7,983 20.0% 19.9% 17.9% 18.4% 18.7% 18.2% 17.1% Change in net working capital (27,233) 18,535 15.0% 16.7% 16.1% O
Slide 7: Appendix
APPENDIX
Slide 8: Reconciliation of Operating Income
RECONCILIATION OF OPERATING INCOME ($ thousands) Three Months Ended September 30, 2023 2022 Operating income for reportable segments $58,189 $48,377 Adjustments for: Amortization of intangibles 5,866 5,132 Corporate expenses 16,467 16,706 Total operating income 35,855 26,539 Interest expense 12,684
Slide 9: Reconciliation of Non-GAAP Measures: Income Before Income Taxes to EBITDA
RECONCILIATION OF NON-GAAP MEASURES: INCOME BEFORE INCOME TAXES TO EBITDA and ADJUSTED EBITDA ($ thousands) The following table is a reconciliation of EBITDA and adjusted EBITDA, non-GAAP financial measures, to income before income taxes, calculated and reported in accordance with U.S. GAAP. Three M
Slide 10: NASDAQ: DXPE
NASDAQ: DXPE SEPTEMBER 2023 10