DXP Q1 2023 sales up 32.8% YoY to $424.3M; net income rises to $17.6M

DXP ENTERPRISES INC

2023-Q1 EPS reported $0.95 revenue$424,267,000

Sales $424.3M, up 32.8% year-over-year and 4.4% sequentially.
GAAP diluted EPS $0.95; net income $17.6M compared to $12.6M in Q1 2022.
Adjusted EBITDA $43.1M; free cash flow $22.6M.
Cash balance $58.3M as of March 31, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DXP ENTERPRISES INC reported the first quarter ended March 31, 2023 results: revenue $424.3 million, net income $17.6 million, EPS $0.95.

Period: the first quarter ended March 31, 2023
Revenue: $424.3 million
Net income: $17.6 million
EPS: $0.95
Result: reported results

Exact text from the filing

CONTACT: Kent Yee Senior Vice President, CFO www.dxpe.com THE INDUSTRIAL DISTRIBUTION EXPERTS DXP ENTERPRISES, INC. REPORTS FIRST QUARTER 2023 RESULTS • $58.3 million in cash • $424.3 million in sales, a 4.4 percent sequential and 32.8 percent year-over-year increase • Net income of $17.6 million versus $12.6 million compared to Q1 2022 • GAAP diluted EPS of $0.95 •

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Source: SEC EDGAR

accession 0001020710-23-000058

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