Dxp Enterprises, Inc. · NASDAQ:DXPE
Dxp Enterprises — Q4 2022 Earnings Presentation
10 slides from Dxp Enterprises's earnings presentation, Apr 17, 2023
Slide 1: Results for Q4 Fiscal 2022 Earnings Announcement
Results for Q4 Fiscal 2022 Earnings Announcement: April 14, 2023 (Quarter Ending December 31, 2022) Presented by: David Little Chairman, President & CEO Kent Yee Senior Vice President & CFO
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: Q4 Income Statement Highlights
Please refer to the appendix of this presentation for current period reconciliation of the Non-GAAP financial measures to the most directly comparable GAAP measures. Q4 INCOME STATEMENT HIGHLIGHTS 3 ($ thousands) Prior Yr Qtr Prior Qtr Current Qtr Prior Yr Current Yr Dec 31, 2021 Sep 30, 2022 Dec 31
Slide 4: Quarterly Financial Highlights
0.19 0.02 0.41 0.36 0.05 0.65 0.74 0.75 0.37 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 Diluted Earnings Per Share ($ actuals) QUARTERLY FINANCIAL HIGHLIGHTS 233 246 286 289 293 319 368 387 40627.6% 29.2% 29.9% 30.0% 28.9% 29.7% 28.4% 28.8% 27.4% 15.
Slide 5: Q4 Operating Performance by Segment
Q4 OPERATING PERFORMANCE BY SEGMENT 5 ($ millions) *Corporate expense includes amortization of intangible assets. Please refer to the appendix of this presentation for current period reconciliation of the Non-GAAP financial measures to the most directly comparable GAAP measures. Sales $ Corporate* O
Slide 6: Cash Flow & Working Capital
Net working capital is calculated as accounts receivable plus inventory plus cost & est. profits in excess of billings, plus prepaid expenses less accounts payable less accrued wages less billings in excess of costs and profits less customer advances less other accrued liabilities Free cash flow is
Slide 7: Appendix
APPENDIX
Slide 8: Reconciliation of Operating Income
RECONCILIATION OF OPERATING INCOME ($ thousands) Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Operating income for DXP segments $43,871 $30,509 $176,741 $122,964 Adjustments for: Impairment/other non-cash charges - - - - Amortization of intangibles 4,957 4,507
Slide 9: Reconciliation of Non-GAAP Measures: Income Before Income Taxes to EBITDA and Adjusted EBITDA
RECONCILIATION OF NON-GAAP MEASURES: INCOME BEFORE INCOME TAXES TO EBITDA and ADJUSTED EBITDA ($ thousands) Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Income before income taxes $ 12,436 $ 1,778 $ 65,900 $ 19,182 Plus: interest expense 11,525 5,245 29,135 21
Slide 10: DXP: The Industrial Distribution Experts
DXP THE INDUSTRIAL DISTRIBUTION EXPERTS NASDAQ: DXPE APRIL 2023