NASDAQ$DXPE

DXP Enterprises Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter and fiscal year 2020 results, showing sequential sales growth and strategic acquisitions.

DXP Enterprises reported a 5.7% sequential increase in sales for Q4 2020, reaching $232.7 million. The company closed six acquisitions during the year and refinanced its Term Loan B. GAAP diluted EPS was $(0.11), while adjusted EPS was $0.19, excluding certain non-cash and one-time items.

  • Sales grew 5.7 percent sequentially to $232.7 million.
  • GAAP diluted EPS was $(0.11), while adjusted EPS was $0.19, excluding certain non-cash and one-time items.
  • Adjusted EBITDA for the fourth quarter of 2020 was $13.6 million.
  • Free cash flow for the fourth quarter of 2020 was $15.3 million.

Headline financials

Total Revenue

$233M

Previous: $295M-21.2%
EPS (adj)

$0.19

Previous: $0.12+58.3%
Adjusted EBITDA

$13.6M

Previous: $14M-2.6%
Capital Expenditures

$142K

Previous: $7.87M-98.2%
Free Cash Flow

$15.3M

Previous: $26M-41.0%
Net Income

-$2.03M

Previous: $2.09M-197.1%
Operating Income

-$3.69M

Previous: $6.74M-154.8%
Gross Profit

$64.3M

Previous: $78.3M-17.9%
Cash & Equivalents

$117M

Previous: $54.2M+116.6%
Total Assets

$852M

Previous: $788M+8.1%
Stock-Based Comp

$662K

Previous: $461K+43.6%

Revenue & EPS history

DXP · Revenue · Quarterly

$233M

Q4 2020-21.2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

DXP · $233M total across 3 segments · Q4 2020

  • Service Centers
    $161M-11.6%
  • Supply Chain Services
    $35.8M-24.4%
  • Innovative Pumping Solutions
    $35.6M-45.8%

Forward guidance

The company is entering 2021 with a stronger team, balance sheet and great momentum. They remain focused on investing in key end markets, products and operations, delivering a great customer experience, and building a culture of productivity and high performance.

Tailwinds

  • Entering 2021 with a stronger team.
  • Stronger balance sheet.
  • Great momentum.
  • Focused on investing in key end markets, products and operations.
  • Delivering a great customer experience.

Headwinds

  • End markets are showing signs of recovery but the full year economic outlook remains uncertain.
  • Continued virus surges.
  • Societal challenges.
  • Other challenges.
  • Economic risks related to the impact of COVID-19.

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 Q4 2020

Historical avgQ4 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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