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DXP Enterprises Q3 sales rise 14.3% on acquisitions and organic growth

By Reuters News


Overview

  • US industrial distributor's Q3 sales rose 14.3% yr/yr, driven by organic growth and acquisitions

  • Diluted EPS for Q3 was $1.64, up from $1.31 a year earlier

  • Company completed five acquisitions during the quarter


Outlook

  • Company expects to finish 2026 strong with momentum heading into 2027

  • DXP Enterprises says it will continue to pursue acquisitions and strategic initiatives


Result Drivers

  • ACQUISITIONS - Co said five acquisitions completed through Q3 contributed $48.8 mln in sales

  • SEGMENT GROWTH - Co reported revenue increases across all business segments, led by a 43.3% rise in Innovative Pumping Solutions sales

  • ORGANIC GROWTH - Co attributed results to ongoing execution of growth strategy and solid organic sales


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$587.18 mln

Q3 EPS

$1.64

Q3 Net Income

$26.87 mln

Q3 Operating income

$52.46 mln

Q3 Pretax Profit

$36.46 mln

Q3 Gross Profit

$180.51 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for DXP Enterprises, Inc. is $168.10, about 6.1% above its November 4 closing price of $158.38

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago


Reuters Recommended Reads

  • Nov 5 - Distribution Solutions Q3 revenue rises on organic growth & acquisitions

  • Nov 5 - Energy distributor DNOW Q3 profit beats estimates on growth across segments

  • Nov 3 - Global Industrial Q3 sales rise 10% on industrial, retail customers


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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