DXP Enterprises, Inc. (DXPE) Reports Record Second Quarter Earnings that Beat Estimates
DXP Enterprises, Inc. (DXPE), an industrial products distributor servicing primarily the oil and gas and food and beverage industries, announced second quarter results this afternoon that topped analysts’ estimates while setting quarterly records on both the top and bottom lines. Revenues surged 120% year over year to $187.8 million vs. consensus of $172.9 million. Net income rose 86.5% to $6.37 million, or 93 cents per share, compared to analysts’ estimates of 86 cents per share. David R. Little, Chairman and Chief Executive Officer said, “We continue to execute our three-pronged growth strategy of organic growth, operational efficiencies and acquisitions. Our…