DXP Enterprises gains on upbeat Q1 earnings

DXP Enterprises

10/05/2022 17:40

** Industrial machinery and equipment distributer's shares
 DXPE.O  up 5.13% at $23.36 in afternoon trading 
    ** Co reports a 30.1% surge in Q1 sales to $319.4 mln 
    ** DXPE's EPS in Q1 jumped to 65 cents vs 2 cents last year 
    ** Co says it managed supply chain challenges, impacts from
inflation and the abating COVID-19 crisis during the quarter 
    ** DXPE adds that despite near-term uncertainty due to the
macroeconomic backdrop it continues to see strong demand trends
and has a robust acquisition pipeline
    ** Including session gains, shares down nearly 9% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))