DXP Enterprises Inc. (NASDAQ:DXPE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DXP Enterprises Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50.82% to $0.92 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Rose 34.16% to $293 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DXP Enterprises Inc. reported adjusted EPS income of $0.92 per share. By that measure, the company beat the mean analyst estimate of $0.83. It beat the average revenue estimate of $288.16 million.
Quoting Management: David R. Little, Chairman and Chief Executive Officer remarked, “We achieved outstanding results in 2012 and accomplished our goals, achieving sales of $1.1 billion and EBITDA margins of 9.9%. I would like to thank our ‘DXPeople’, as they continue to be the experts in the market while making DXP a fun place to work. We again showed we can deliver consistent organic results in a see-saw market. The execution of our strategy led to a solid year of top-line sales growth, year-over-year margin expansion, solid earnings improvement, accelerated acquisition activity and strong cash flow performance.”
Key Stats (on next page)…