When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...

The most recent trading session ended with DXP Enterprises (DXPE) standing at $53.36, reflecting a +0.87% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.42% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. Shares of the industrial products supplier have depreciated by 3.82% over the course of the past month, underperforming the Industrial Products sector's gain of 6.17% and the S&P 500's gain of 2.06%. Invest ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 26th: DXP Enterprises, Inc. (DXPE) : This company that engages in distributing maintenance, repair, and operating products, equipment, and services to industrial customers has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days. DXP's shares gained 14.5% over the last three months compared with the S&P 500's advance of ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a ...

DXP Enterprises, Inc. (NASDAQ:DXPE) Q2 2024 Earnings Conference Call August 9, 2024 11:30 AM ET Company Participants Kent Yee - Chief Financial Officer David Little - Chairman & Chief Executive Officer Conference Call Participants Max Kane - Stephens Operator Thank you for standing by. My name is John, and I'll be your conference operator today. At this time, I would like to welcome everyone to the DXP Enterprise's Second Quarter 2024 Earnings Release and Conference Call. All lines have been placed in mute ...

Financial Performance - For the six months ended June 30, 2024, DXP reported total sales of approximately $858.2 million, a slight increase from $852.3 million in the same period of 2023, representing a growth of about 0.9%[63] - Organic sales for the same period were approximately $823.0 million, down from $825.9 million in 2023, indicating a decrease of about 0.2%[63] - The Service Centers segment generated sales of $594.9 million for the six months ended June 30, 2024, compared to $619.6 million in 2023, reflecting a decline of approximately 4.0%[63] - The Innovative Pumping Solutions segment saw sales increase to $135.6 million for the six months ended June 30, 2024, up from $99.5 million in 2023, marking a significant growth of approximately 36.3%[63] - The Supply Chain Services segment reported sales of $127.6 million, a decrease of approximately 4.2% compared to $133.2 million in the same period of 2023[72] - Sales for the three months ended June 30, 2024 increased by $17.5 million, or 4.1%, to approximately $445.6 million from $428.0 million for the prior year's corresponding period[75] - Innovative Pumping Solutions segment sales increased by $25.3 million, or 52.7%, for the three months ended June 30, 2024, compared to the prior year's corresponding period[77] - For the six months ended June 30, 2024, sales increased by $5.9 million, or 0.7%, to approximately $858.2 million from $852.3 million for the prior year's corresponding period[81] Profitability Metrics - Gross profit for the six months ended June 30, 2024, was $261.7 million, compared to $256.9 million in 2023, resulting in a gross profit margin of 30.5%[63] - EBITDA for the six months ended June 30, 2024, was $85.2 million, down from $87.1 million in 2023, with an EBITDA margin of 9.9%[63] - Adjusted EBITDA for the same period was $88.6 million, slightly up from $88.4 million in 2023, with an adjusted EBITDA margin of 10.3%[63] - Net income for the three months ended June 30, 2024 was $16.7 million, or 3.7% of sales, down from $19.1 million, or 4.5% of sales, in the prior year's corresponding period[75] - Operating income for the six months ended June 30, 2024 decreased by $6.4 million, or 8.8%, to $66.5 million from $72.9 million in the prior year's corresponding period[86] - Net income attributable to DXP Enterprises, Inc. for Q2 2024 was $16.7 million, a decrease of 12.0% from $19.1 million in Q2 2023[91] - Adjusted EBITDA for Q2 2024 was $48.2 million, up 4.1% from $45.3 million in Q2 2023, with an Adjusted EBITDA Margin of 10.8%[91] Cash Flow and Liquidity - Free cash flow for the six months ended June 30, 2024, was $30.0 million, compared to $18.4 million in 2023, indicating an increase of approximately 63.0%[63] - Cash provided by operating activities for the six months ended June 30, 2024, was $41.7 million, up from $24.0 million in the prior year[97] - Free Cash Flow for the six months ended June 30, 2024, was $30.0 million, compared to $18.4 million for the same period in 2023, indicating a significant increase[93] - As of June 30, 2024, the company had available cash of $49.9 million and credit facility availability of $131.4 million, with no borrowings on the ABL Revolver[94] - The Fixed Charge Coverage Ratio as of June 30, 2024, was 1.39 to 1.00, indicating compliance with financial covenants[102] - The Secured Leverage Ratio as of June 30, 2024, was 2.64 to 1.00, below the maximum threshold of 5.50 to 1.00 set for the fiscal quarter[102] - The company believes it has adequate funding and liquidity to meet its normal working capital needs over the next twelve months[106] Future Outlook - DXP expects to benefit from increased oil and gas activity and recent acquisitions in the water and wastewater markets throughout the remainder of 2024[71] - The company plans to pursue additional acquisition targets, primarily funded through cash flows from operations and borrowings[105] Expenses - Selling, general and administrative expenses increased by $6.1 million, or 6.4%, to $100.4 million for the three months ended June 30, 2024[79] - Interest expense for the second quarter of 2024 increased by $3.5 million compared to the prior year's corresponding period, primarily due to additional borrowing[80] Taxation - The effective tax rate from continuing operations was 27.4% for the three months ended June 30, 2024, compared to 26.3% for the same period in 2023[81] Organic Sales - Organic sales for the three months ended June 30, 2024 were $422.2 million, compared to $420.8 million for the prior year's corresponding period[89]

NEWS RELEASE CONTACT: Kent Yee Senior Vice President, CFO 713-996-4700 www.dxpe.com DXP ENTERPRISES, INC. REPORTS SECOND QUARTER 2024 RESULTS • $49.9 million in cash • $445.6 million in sales, an 8.0 percent sequential and 4.1 percent year-over-year increase • GAAP diluted EPS of $1.00 • $48.2 million in earnings before interest, taxes, depreciation & amortization and other non-cash charges ("Adjusted EBITDA") • Free Cash Flow of $30.0 million for the six months ended June 30, 2024 • Completed four acquisit ...

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outsideaudited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, DXP Enterprises possesses a Zacks Rank of #5 (Strong Sell). Market participants will be closely following the financial results of DXP Enterprises in its upcoming release. Our research reveals that these estimate ...