DXP Enterprises Inc (DXPE) Releases Earnings Results, Beats Expectations By $0.36 EPS

DXP Enterprises Inc (DXPE) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.36. Analysts had a consensus of $-0.02. The company posted revenue of $256.22 million in the period, compared to analysts expectations of $252.07 million. The company’s revenue was down -20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

DXP Enterprises Inc opened for trading at $16.78 and hit $17.96 on the upside on Monday, eventually ending the session at $17.73, with a gain of 7.26% or 1.2 points. The heightened volatility saw the trading volume jump to 1,44,205 shares. Company has a market cap of $256 M.

In a different news, on Jun 13, 2016, Hugh H Mcconnell (CFO) purchased 569 shares at $16.55 per share price. According to the SEC, on Apr 5, 2016, Todd Hamlin (Sr. Vice President) sold 2,780 shares at $17.91 per share price. On Feb 16, 2016, David C Vinson (Sr. V.P.) sold 3,175 shares at $19.83 per share price, according to the Form-4 filing with the securities and exchange commission.

DXP Enterprises Inc. (DXP) is a products and services distributor company. The Company is engaged in the business of distributing maintenance repair and operating (MRO) products equipment and service to industrial customers. The Company is organized into three business segments: Service Centers Supply Chain Services (SCS) and Innovative Pumping Solutions (IPS). The Service Centers segment provides MRO products equipment and services including logistics to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain including warehouse and inventory management. Innovative Pumping Solutions segment provides source for engineering systems design and fabrication. The Company offers key product categories which include rotating equipment bearings and power transmission products industrial supplies metal working products safety products and services.

DXP Enterprises Inc

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