DXP Enterprises inches higher on Q1 results beat

DXP Enterprises

12/05/2023 16:54

** Shares of industrial machinery and equipment distributor
DXP Enterprises Inc  DXPE.O  up 4.11% at $27.13
    ** Co reports Q1 earnings of 95 cents per share, above
analysts' est. of 56 cents per share - Refinitiv data
    ** Q1 rev of $424.3 mln also tops analysts' est. of $369 mln
    ** "We have diversified our end markets and business model
exposure. Our acquisitions continued to perform well,
contributing strongly to our overall sales and adjusted EBITDA
growth for the quarter" - CFO Kent Yee 
    ** DXPE stock down ~1% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))