Brief: DXP Enterprises Reports First Quarter 2020 Results

DXP Enterprises

08/05/2020 13:26

May 8 (Reuters) - DXP Enterprises Inc  DXPE.O :
    * DXP ENTERPRISES REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 GAAP EARNINGS PER SHARE $0.31
    * Q1 SALES $301 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$283.2
MILLION
    * EXPANDED ABL FACILITY FROM $85 MILLION TO $135 MILLION IN
QUARTER WITH NO CHANGES IN PRICING OR TERMS
    * IMPLEMENTING A TEMPORARY HIRING FREEZE, TRAVEL
RESTRICTIONS AND
WAGE FREEZE
    * $131.6 MILLION IN AVAILABILITY UNDER ABL FACILITY

Source text for Eikon:  ID:nBw1XMPBDa 
Further company coverage:  DXPE.O 

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