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Dxp Enterprises Inc   (DXPE)
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Price: $48.5700 $-0.19 -0.390%
Day's High: $49.605 Week Perf: 8.32 %
Day's Low: $ 48.39 30 Day Perf: 39.69 %
Volume (M): 384 52 Wk High: $ 49.61
Volume (M$): $ 18,651 52 Wk Avg: $33.16
Open: $48.70 52 Wk Low: $22.06



 Market Capitalization (Millions $) 858
 Shares Outstanding (Millions) 18
 Employees 3,034
 Revenues (TTM) (Millions $) 1,678
 Net Income (TTM) (Millions $) 69
 Cash Flow (TTM) (Millions $) 127
 Capital Exp. (TTM) (Millions $) 12

Dxp Enterprises Inc
DXP was incorporated in Texas in 1996 to be the successor to SEPCO Industries, Inc., founded in 1908. Since our predecessor company was founded, we have primarily been engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company is organized into three business segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions.
The industrial distribution market is highly fragmented. Based on 2014 sales as reported by Industrial Distribution magazine, we were the 20th largest distributor of MRO products in the United States. Most industrial customers currently purchase their industrial supplies through numerous local distribution and supply companies. These distributors generally provide the customer with repair and maintenance services, technical support and application expertise with respect to one product category. Products typically are purchased by the distributor for resale directly from the manufacturer and warehoused at distribution facilities of the distributor until sold to the customer. The customer also typically will purchase an amount of product inventory for its near term anticipated needs and store those products at its industrial site until the products are used.

We believe that the distribution system for industrial products, as described in the preceding paragraph, creates inefficiencies at both the customer and the distributor levels through excess inventory requirements and duplicative cost structures. To compete more effectively, our customers and other users of MRO products are seeking ways to enhance efficiencies and lower MRO product and procurement costs. In response to this customer desire, three primary trends have emerged in the industrial supply industry:

· Industry Consolidation. Industrial customers have reduced the number of supplier relationships they maintain to lower total purchasing costs, improve inventory management, assure consistently high levels of customer service and enhance purchasing power. This focus on fewer suppliers has led to consolidation within the fragmented industrial distribution industry.

· Customized Integrated Service. As industrial customers focus on their core manufacturing or other production competencies, they increasingly are demanding customized integration services, consisting of value-added traditional distribution, supply chain services, modular equipment and repair and maintenance services

· Single Source, First-Tier Distribution. As industrial customers continue to address cost containment, there is a trend toward reducing the number of suppliers and eliminating multiple tiers of distribution. Therefore, to lower overall costs to the customer, some MRO product distributors are expanding their product coverage to eliminate second-tier distributors and become a “one stop source”.

We believe we have increased our competitive advantage through our traditional fabrication of integrated system pump packages and integrated supply programs, which are designed to address our customers’ specific product and procurement needs. We offer our customers various options for the integration of their supply needs, ranging from serving as a single source of supply for all or specific lines of products and product categories to offering a fully integrated supply package in which we assume procurement and management functions, which can include ownership of inventory, at the customers location. Our approach to integrated supply allows us to design a program that best fits the needs of the customer. Customers purchasing large quantities of product are able to outsource all or most of those needs to us. For customers with smaller supply needs, we are able to combine our traditional distribution capabilities with our broad product categories and advanced ordering systems to allow the customer to engage in one-stop sourcing without the commitment required under an integrated supply contract.

Most industrial customers currently purchase their MRO products through local or national distribution companies that are focused on single or unique product categories. As a first-tier distributor, our network of service and distribution centers stock more than 60,000 SKUs and provide customers with access to more than 1,000,000 items. Given our breadth of product and our industrial distribution customers’ focus around specific product categories, we have become customer driven experts in five key product categories. As such, our three business segments are supported by the following five key product categories: rotating equipment, bearings & power transmission, industrial supplies, metal working and safety products & services. Each business segment tailors its inventory and leverages product experts to meet the needs of its local customers.

Key product categories that we offer include:

· Rotating Equipment. Our rotating equipment products include a full line of centrifugal pumps for transfer and process service applications, such as petrochemicals, refining and crude oil production; rotary gear pumps for low- to- medium pressure service applications, such as pumping lubricating oils and other viscous liquids; plunger and piston pumps for high-pressure service applications such as disposal of produced water and crude oil pipeline service; and air-operated diaphragm pumps. We also provide a large variety of pump accessories.

· Bearings & Power Transmission. Our bearing products include several types of mounted and un-mounted bearings for a variety of applications. The power transmission products we distribute include speed reducers, flexible-coupling drives, chain drives, sprockets, gears, conveyors, clutches, brakes and hoses.

· Industrial Supplies. We offer a broad range of industrial supplies, such as abrasives, tapes and adhesive products, coatings and lubricants, fasteners, hand tools, janitorial products, pneumatic tools, welding supplies and welding equipment.

· Metal Working. Our metal working products include a broad range of cutting tools, abrasives, coolants, gauges, industrial tools and machine shop supplies.

· Safety Products & Services. We sell a broad range of safety products including eye and face protection, first aid, hand protection, hazardous material handling, instrumentation and respiratory protection products. Additionally, we provide safety services including hydrogen sulfide (H2S) gas protection and safety, specialized and standby fire protection, safety supervision, training, monitoring, equipment rental and consulting. Our safety services include safety supervision, medic services, safety audits, instrument repair and calibration, training, monitoring, equipment rental and consulting.

We acquire our products through numerous OEMs. We are authorized to distribute certain manufacturers products only in specific geographic areas. All of our oral or written distribution authorizations are subject to cancellation by the manufacturer, some upon little or no notice. For the last three fiscal years, no manufacturer provided products that accounted for 10% or more of our revenues. We believe that alternative sources of supply could be obtained in a timely manner if any distribution authorization were canceled. Accordingly, we do not believe that the loss of any one distribution authorization would have a material adverse effect on our business, financial condition or results of operations.



   Company Address: 5301 Hollister Houston 77040 TX
   Company Phone Number: 996-4700   Stock Exchange / Ticker: NASDAQ DXPE
   DXPE is expected to report next financial results on April 16, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MRC        2.81% 
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Dxp Enterprises Inc

DXP Enterprises Inc. Sees Strong Bottom-Line Growth Despite Slow Revenue Growth in Fiscal Year 2023

The latest financial results of DXP Enterprises Inc. have shown a mixed performance, with strong bottom-line growth but slow revenue growth. Despite the modest increase in revenue of 0.324%, the company delivered rapid growth in income per share, which rose by an impressive 168.6% to $0.99 per share.
Comparing these results to the previous year, there was an improvement of 6.37% in income per share from $0.93 to $0.99. However, revenue decreased by -2.617% from $418.56 million to $407.61 million. It is worth noting that earnings also witnessed substantial growth, increasing by 99.18% to $16.006 million from $8.036 million in the previous year.

Merger and Acquisition

DXP Enterprises, Inc. Surges Ahead with Transformational Acquisition of Pro-Seal, Inc.

Published Tue, Mar 5 2024 2:00 PM UTC

DXP Enterprises, Inc. Advances Expansion with Pro-Seal, Inc. Acquisition
Houston-based DXP Enterprises, Inc. (NASDAQ: DXPE) has recently announced the successful completion of its acquisition of Pro-Seal, Inc., a prominent distributor of pumping systems, fluid sealing, industrial pumping equipment and services, seal support systems, and lubricants. This strategic move ma...

Contract

DXP Enterprises Expands Market Dominance with Kappe Associates Acquisition

Published Mon, Feb 5 2024 1:00 PM UTC

In a strategic move to strengthen its market position, DXP Enterprises, Inc. (DXPE) has successfully acquired Kappe Associates, Inc. (Kappe), a well-established distributor and manufacturer's representative of pumps, controls, and process equipment. Founded in 1946, Kappe has been a trusted player in the industry, servicing multiple states including Maryland, the District of...

Contract

DXP Enterprises Inc. Cements Market Position With Strategic Acquisition of Hennesy Mechanical Sales LLC

Published Mon, Jan 8 2024 11:00 AM UTC

Securing another step towards industry dominance, the Houston-based industrial supplies company, DXP Enterprises, Inc. (NASDAQ: DXPE) made a public announcement today confirming its successful acquisition of Hennesy Mechanical Sales LLC. The deal, financed using DXP's available cash reserves, underpins the company?s strategic growth initiatives. Further spotlighting DXP Ente...

Dxp Enterprises Inc

Impressive Growth: Broadcasting Media & Cable TV Companyns Soar with Solid Top-line Increase in Third Quarter of 2023 Numbers

Dxp Enterprises Inc Reports Strong Revenue and Earnings Growth in Q3 2023
November 9, 2023 - Houston, Texas - Dxp Enterprises Inc (NASDAQ:DXPE), a leading products and service distributor, has released its financial results for the third quarter ended September 30, 2023. The company reported a significant increase in revenue and bottom-line improvement, outperforming its peers in the Broadcasting Media & Cable TV sector.
According to the Sep 30, 2023 report, Dxp Enterprises Inc recorded a revenue increase of 8.068% to $418.56 million compared to $387.31 million in the previous year. The company also saw a 30.99% improvement in bottom-line performance, with earnings per share rising to $0.93 from $0.71 in the prior year quarter.






 

Dxp Enterprises Inc's Segments
 
 
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  Revenue Outlook
Dxp Enterprises Inc does not provide revenue guidance.

Earnings Outlook
Dxp Enterprises Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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