Trade DXP Enterprises - DXPE CFD

About DXP Enterprises Inc

DXP Enterprises, Inc. is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and services to energy and industrial customers. The Company’s segments include Service Centers (SC), Supply Chain Services (SCS) and Innovative Pumping Solutions (IPS). The SC segment is engaged in providing MRO products, equipment and services, including technical capabilities and logistics capabilities to energy and industrial customers with the ability to provide same-day delivery. The SCS segment manages all or part of a customer's supply chain, including procurement and inventory management. The SCS segment provides fully outsourced MRO solutions for sourcing MRO products. The IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to meet the capital equipment needs of its global customer base. It operates from approximately 168 locations in over 35 states in the United States.

Financial summary

BRIEF: For the nine months ended 30 September 2021, DXP Enterprises Inc revenues increased 6% to $820.8M. Net income applicable to common stockholders totaled $15.5M vs. loss of $26.3M. Revenues reflect MRO-Service Center segment increase of 21% to $608.5M. Net Income reflects Corporate & other expenses segment loss decrease of 48% to $47.9M, MRO-Service Center segment income increase of 45% to $77.8M.

Equity composition

Common Stock $.01 Par, 05/11, 100M auth., 14,105,360 issd., Insiders own 31.16%. IPO: NA. Preferred Stock $1 Par, 1M auth., Series A, 1,122 issd., Series B, 15,000 issd. PO:5/31/07, 1M shs. @ $52.09 per share by Stephens Inc. 10/08, 2-for-1 stock split.