NASDAQ$DXPE

DXP Enterprises Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

DXP Enterprises reported a strong fourth quarter with significant sales growth and improved earnings per share.

DXP Enterprises reported a 26.0% increase in sales for the fourth quarter of 2021, reaching $293.1 million. Earnings per diluted share improved to $0.05, compared to $(0.18) in the same quarter of the previous year. The company's fiscal year 2021 also showed positive results, with a 10.8% increase in sales and diluted earnings per share of $0.83.

  • Sales grew 26.0 percent to $293.1 million in Q4 2021.
  • Earnings per diluted share for the fourth quarter was $0.05.
  • Fiscal 2021 sales of $1.1 billion, up 10.8 percent from fiscal 2020.
  • Full Year GAAP diluted EPS of $0.83.

Headline financials

Total Revenue

$293M

Previous: $233M+26.0%
EPS (adj)

$0.05

Previous: $0.19-73.7%
Adjusted EBITDA

$14.8M

Previous: $13.6M+8.6%
Capital Expenditures

$3.02M

Previous: $142K+2023.2%
Free Cash Flow

$11.6M

Previous: $15.3M-24.1%
Net Income

$727K

Previous: -$2.03M+135.9%
Operating Income

$7.59M

Previous: -$3.69M+305.7%
Gross Profit

$84.7M

Previous: $64.3M+31.7%
Cash & Equivalents

$49M

Previous: $117M-58.3%
Total Assets

$906M

Previous: $852M+6.4%
Stock-Based Comp

$469K

Previous: $662K-29.2%

Revenue & EPS history

DXP · Revenue · Quarterly

$293M

Q4 2021+26%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

DXP · $293M total across 3 segments · Q4 2021

  • Service Centers
    $208M+28.9%
  • Innovative Pumping Solutions
    $43.2M+21.2%
  • Supply Chain Services
    $42M+17.4%

Forward guidance

The sales momentum from our fourth quarter has positioned us for continued success as we move into 2022. DXP is targeting opportunities in less cyclical markets and is confident that their growth strategy, coupled with a continued focus on improving margins will drive shareholder value.

Tailwinds

  • Sales momentum from Q4 positions the company for continued success in 2022
  • Experienced two sequential quarters of organic growth within IPS
  • Targeting opportunities in less cyclical markets, such as water and other general industries
  • Supporting customers’ aspirations to decarbonize and maximize energy efficiency
  • Continued focus on improving margins will drive shareholder value

Headwinds

  • Improved but volatile conditions in traditional end markets
  • Accelerating supply chain headwinds
  • Beginning of meaningful inflation
  • Continued impacts from COVID-19
  • None

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 2021

Historical avgQ4 2021

+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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