DXP Enterprises Q2 EPS beat estimates
Overview
DXP Q2 sales rise 11.9% yr/yr to $498.7 mln, meeting analyst expectations
GAAP diluted EPS of $1.43 beats analyst estimates, per LSEG data
Net income for Q2 increases 41.3% yr/yr, beating analyst expectations
Outlook
Company plans to close 3-4 more acquisitions in H2 2025
Result Drivers
ORGANIC GROWTH - Sequential organic sales increased by 12.3%, contributing significantly to overall sales growth
ACQUISITIONS - Recent acquisitions added $24.6 mln in sales during Q2, enhancing revenue
SEGMENT PERFORMANCE - Innovative Pumping Solutions segment saw a 27.5% yr/yr revenue increase, driving overall growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | In-line | $498.68 mln | $499 mln (1 Analyst) |
Q2 EPS | Beat | $1.43 | $1.39 (1 Analyst) |
Q2 Net Income | Beat | $23.61 mln | $23 mln (1 Analyst) |
Q2 Operating income | Miss | $45.99 mln | $46 mln (1 Analyst) |
Q2 Pretax Profit | Beat | $31.60 mln | $31 mln (1 Analyst) |
Q2 Gross Profit |
| $157.81 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for DXP Enterprises Inc is $95.00, about 20.1% below its August 5 closing price of $114.14
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw3WcFcpa
