NASDAQ$DXPE

DXP Enterprises Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

DXP Enterprises reported third quarter results with sales of $220.2 million and adjusted EPS of $0.16.

DXP Enterprises announced financial results for the third quarter ended September 30, 2020. Sales were $220.2 million. GAAP diluted EPS was $(1.95), excluding non-cash, one-time items, adjusted EPS was $0.16. Free cash flow for the quarter was $29.1 million.

  • $97.4 million in cash and cash equivalents
  • $220.2 million in sales
  • GAAP diluted EPS of $(1.95), excluding non-cash, one-time items, adjusted EPS of $0.16
  • Free cash flow for the quarter of $29.1 million

Headline financials

Total Revenue

$220M

Previous: $327M-32.7%
EPS (adj)

$0.16

Previous: $0.71-77.5%
Adjusted EBITDA

$13.7M

No prior period
Adjusted EBITDA Margin

6.2%

No prior period
Capital Expenditures

-$6.53M

Previous: -$14.2M+54.2%
Free Cash Flow

-$41.2M

Previous: -$1.14M-3520.0%
Net Income

-$34.7M

Previous: $13.1M-364.4%
Operating Income

-$40.8M

Previous: $21.7M-288.1%
Gross Profit

$61.3M

Previous: $92.7M-33.9%
Cash & Equivalents

$97.3M

Previous: $28.4M+242.1%
Total Assets

$737M

Previous: $792M-6.9%
Stock-Based Comp

$983K

Previous: $473K+107.8%

Revenue & EPS history

DXP · Revenue · Quarterly

$220M

Q3 2020-32.7%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

DXP · $220M total across 3 segments · Q3 2020

  • Service Centers
    $165M-14.9%
  • Supply Chain Services
    $33.4M-34.8%
  • Innovative Pumping Solutions
    $21.9M-73.4%

Forward guidance

Visibility on the economic outlook remains extremely limited. Specifically, the risk of a third wave of virus cases, the reinstitution of select geographic lockdowns, and the risk of lingering high unemployment create an uncertain economic environment that likely persists through the rest of 2020, based upon what we know today.

Headwinds

  • Risk of a third wave of virus cases
  • Reinstitution of select geographic lockdowns
  • Risk of lingering high unemployment
  • Uncertain economic environment that likely persists through the rest of 2020
  • Economic activity is likely near trough levels

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.9%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+6.9%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+55.7%

Q2 2016

Best reaction

-38.4%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-17.5%-20.8%-13.4%
Q4 2025-3.4%-8.8%-11.3%
Q3 2025-17.8%-19.7%-21.5%
Q1 2025-2.9%+1.2%-7.6%
Q4 2024+0.3%+9.2%-6.4%
Q3 2024+22.3%+41.2%+47.4%
Q2 2024-0.0%+3.6%+4.2%
Q1 2024-4.7%-5.7%-10.5%
Q4 2023+29.0%+27.9%+59.0%
Q3 2023-7.2%-7.4%-4.3%
Q2 2023-15.3%-12.2%-6.4%
Q1 2023+17.0%+26.2%+51.3%
Q4 2022-0.5%+0.2%+16.7%
Q3 2022-9.0%-11.3%-16.4%
Q2 2022-16.7%-16.9%-22.9%
Q1 2022+16.8%+17.1%+42.7%
Q4 2021-13.3%-12.7%-20.1%
Q3 2021-2.0%-4.0%-5.3%
Q2 2021+4.6%+0.5%-5.3%
Q1 2021+0.2%+0.5%+4.9%
Q4 2020-3.7%+0.4%-9.4%
Q3 2020+24.5%+23.2%+39.4%
Q2 2020-1.1%+10.4%+5.5%
Q1 2020-1.0%-16.0%+72.8%
Q4 2019-37.0%-41.1%-59.2%
Q3 2019+13.7%+16.4%+11.9%
Q2 2019+8.8%+4.8%+6.3%
Q1 2019-14.6%-14.8%-22.1%
Q4 2018+31.0%+25.5%+32.3%
Q3 2018+22.1%+14.5%-0.2%
Q2 2018+16.4%+11.4%+7.6%
Q1 2018-0.2%-0.1%+4.5%
Q4 2017+23.9%+21.9%+17.7%
Q3 2017-13.9%-15.0%-7.9%
Q2 2017-7.0%-11.5%-22.1%
Q1 2017+27.0%+17.0%+9.8%
Q4 2016+16.1%+12.5%+11.4%
Q3 2016+15.3%+15.6%+40.5%
Q2 2016+55.7%+58.0%+56.3%
Q1 2016-19.9%
Q4 2015-4.4%
Q3 2015+0.8%
Q2 2015-12.8%
Q1 2015-2.8%
Q4 2014+3.3%
Q3 2014-6.0%
Q2 2014+9.2%
Q1 2014-38.4%
Q4 2013+6.3%
Q3 2013+8.3%
Q2 2013-0.2%
Q1 2013-16.0%
Q1 2010-0.3%
Q4 2012+10.9%
Q3 2012+3.7%
Q2 2012-0.7%
Q1 2011-0.5%
Q1 2012+8.3%
Q4 2009+2.9%
Q4 2011+2.9%
Q3 2010-0.1%
Q3 2011-0.1%
Q2 2011+3.5%
Q2 2010+3.5%
Q4 2010+3.5%

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