Latest news with #DXPEnterprises
Yahoo
6 days ago
- Business
- Yahoo
DXP Enterprises (DXPE) Outperforms Broader Market: What You Need to Know
DXP Enterprises (DXPE) closed at $99.71 in the latest trading session, marking a +1.38% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq depreciated by 0.39%. Shares of the industrial products supplier have appreciated by 17.36% over the course of the past month, outperforming the Industrial Products sector's gain of 6.94%, and the S&P 500's gain of 5.88%. Market participants will be closely following the financial results of DXP Enterprises in its upcoming release. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.3 per share and revenue of $0 million, indicating changes of +17.52% and 0%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for DXP Enterprises. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy). Valuation is also important, so investors should note that DXP Enterprises has a Forward P/E ratio of 18.56 right now. This denotes a discount relative to the industry average Forward P/E of 22.2. The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow DXPE in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
National Post
08-07-2025
- Business
- National Post
DXP Enterprises, Inc. Announces Amendment of ABL Revolver
Article content Article content HOUSTON — DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that on July 1, 2025, DXP Enterprises, Inc. (the 'Company') entered into an Increase Agreement (the 'Increase Agreement') by and among the Company and certain of the Company's subsidiaries as borrowers, certain other subsidiaries of the Company as guarantors, pursuant to which the aggregate commitments under the Company's existing asset-based revolving credit facility (the 'ABL Facility') were increased by $50 million. Following the effectiveness of the Increase Agreement, the total commitments under the ABL Facility increased from $135 million to $185 million. The ABL Facility now provides for asset-based revolving loans in an aggregate principal amount of up to $185.0 million, with up to $175.0 million to be made available to the US Borrowers (the 'US ABL Facility') and up to $10.0 million to be made available to the Canadian Borrowers (the 'Canadian ABL Facility' and together with the US ABL Facility, the 'ABL Facility'). The Increase Agreement was entered into pursuant to the terms of the ABL Facility, which permits the Company to request incremental increases in the aggregate commitments, subject to certain conditions. The material terms of the ABL Facility, as previously disclosed, remain in effect and were not otherwise amended in connection with the Increase Agreement. Article content The Increase Agreement provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strategy. Article content David R. Little, Chairman and Chief Executive Officer remarked, 'We are pleased with the increase in our ABL. We will take this positive momentum, push to close out the year strong during the second half of 2025 and look to drive further growth in 2026. Our capital allocation strategy includes a mix of continuing to fund growth; applying excess cash flow to debt service, when appropriate; reinvesting in the business through our facilities, equipment, and software; and supporting DXP in the market. We plan to maintain liquidity and flexibility while pursuing growth opportunities and reinvesting in the business.' Article content Kent Yee, Chief Financial Officer added, 'We are pleased with another amendment to our ABL increasing our borrowing capacity by $50 million. This accomplished several objectives, including creating liquidity and flexibility going forward as we look to accelerate growth via acquisitions and strategically reinvest in the business. DXP continues to be well-positioned to support its disciplined growth strategy. DXP continues to diversify and transform the business as evidenced by sales growing from $1.0 billion in 2020 to $1.9 billion for the last twelve months ending March 31, 2025, and covenant compliance adjusted EBITDA growing from $64.9 million in 2020 to over $212.8 million through the twelve months ending March 31, 2025. We appreciate the support from our advisors and lender group.' Article content Additional details regarding the Increase Agreement will be available in DXP's Current Report on Form 8-K to be filed with the Securities and Exchange Commission by July 8 th. Article content About DXP Enterprises, Inc. Article content DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ('MROP') services that emphasize and utilize DXP's vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP's business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to Article content The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contain statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, 'may,' 'will,' 'should,' 'intend,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'goal,' or 'continue' or the negative of such terms or other comparable terminology. For more information, review the Company's filings with the Securities and Exchange Commission. Article content Article content Article content
Associated Press
08-07-2025
- Business
- Associated Press
DXP Enterprises, Inc. Announces Amendment of ABL Revolver
HOUSTON--(BUSINESS WIRE)--Jul 8, 2025-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that on July 1, 2025, DXP Enterprises, Inc. (the 'Company') entered into an Increase Agreement (the 'Increase Agreement') by and among the Company and certain of the Company's subsidiaries as borrowers, certain other subsidiaries of the Company as guarantors, pursuant to which the aggregate commitments under the Company's existing asset-based revolving credit facility (the 'ABL Facility') were increased by $50 million. Following the effectiveness of the Increase Agreement, the total commitments under the ABL Facility increased from $135 million to $185 million. The ABL Facility now provides for asset-based revolving loans in an aggregate principal amount of up to $185.0 million, with up to $175.0 million to be made available to the US Borrowers (the 'US ABL Facility') and up to $10.0 million to be made available to the Canadian Borrowers (the 'Canadian ABL Facility' and together with the US ABL Facility, the 'ABL Facility'). The Increase Agreement was entered into pursuant to the terms of the ABL Facility, which permits the Company to request incremental increases in the aggregate commitments, subject to certain conditions. The material terms of the ABL Facility, as previously disclosed, remain in effect and were not otherwise amended in connection with the Increase Agreement. The Increase Agreement provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strategy. David R. Little, Chairman and Chief Executive Officer remarked, 'We are pleased with the increase in our ABL. We will take this positive momentum, push to close out the year strong during the second half of 2025 and look to drive further growth in 2026. Our capital allocation strategy includes a mix of continuing to fund growth; applying excess cash flow to debt service, when appropriate; reinvesting in the business through our facilities, equipment, and software; and supporting DXP in the market. We plan to maintain liquidity and flexibility while pursuing growth opportunities and reinvesting in the business.' Kent Yee, Chief Financial Officer added, 'We are pleased with another amendment to our ABL increasing our borrowing capacity by $50 million. This accomplished several objectives, including creating liquidity and flexibility going forward as we look to accelerate growth via acquisitions and strategically reinvest in the business. DXP continues to be well-positioned to support its disciplined growth strategy. DXP continues to diversify and transform the business as evidenced by sales growing from $1.0 billion in 2020 to $1.9 billion for the last twelve months ending March 31, 2025, and covenant compliance adjusted EBITDA growing from $64.9 million in 2020 to over $212.8 million through the twelve months ending March 31, 2025. We appreciate the support from our advisors and lender group.' Additional details regarding the Increase Agreement will be available in DXP's Current Report on Form 8-K to be filed with the Securities and Exchange Commission by July 8 th. About DXP Enterprises, Inc. DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ('MROP') services that emphasize and utilize DXP's vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP's business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contain statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, 'may,' 'will,' 'should,' 'intend,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'goal,' or 'continue' or the negative of such terms or other comparable terminology. For more information, review the Company's filings with the Securities and Exchange Commission. View source version on CONTACT: Kent Yee Senior Vice President CFO 713-996-4700 – KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: CHEMICALS/PLASTICS LOGISTICS/SUPPLY CHAIN MANAGEMENT MANUFACTURING NUCLEAR FOOD/BEVERAGE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY RETAIL OTHER ENERGY OTHER TRANSPORT UTILITIES OIL/GAS COAL ALTERNATIVE ENERGY ENERGY TRANSPORT MINING/MINERALS FOREST PRODUCTS AGRICULTURE NATURAL RESOURCES SOURCE: DXP Enterprises, Inc. Copyright Business Wire 2025. PUB: 07/08/2025 03:00 PM/DISC: 07/08/2025 03:00 PM
Business Wire
08-07-2025
- Business
- Business Wire
DXP Enterprises, Inc. Announces Amendment of ABL Revolver
HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that on July 1, 2025, DXP Enterprises, Inc. (the 'Company') entered into an Increase Agreement (the 'Increase Agreement') by and among the Company and certain of the Company's subsidiaries as borrowers, certain other subsidiaries of the Company as guarantors, pursuant to which the aggregate commitments under the Company's existing asset-based revolving credit facility (the 'ABL Facility') were increased by $50 million. Following the effectiveness of the Increase Agreement, the total commitments under the ABL Facility increased from $135 million to $185 million. The ABL Facility now provides for asset-based revolving loans in an aggregate principal amount of up to $185.0 million, with up to $175.0 million to be made available to the US Borrowers (the 'US ABL Facility') and up to $10.0 million to be made available to the Canadian Borrowers (the 'Canadian ABL Facility' and together with the US ABL Facility, the 'ABL Facility'). The Increase Agreement was entered into pursuant to the terms of the ABL Facility, which permits the Company to request incremental increases in the aggregate commitments, subject to certain conditions. The material terms of the ABL Facility, as previously disclosed, remain in effect and were not otherwise amended in connection with the Increase Agreement. The Increase Agreement provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strategy. David R. Little, Chairman and Chief Executive Officer remarked, 'We are pleased with the increase in our ABL. We will take this positive momentum, push to close out the year strong during the second half of 2025 and look to drive further growth in 2026. Our capital allocation strategy includes a mix of continuing to fund growth; applying excess cash flow to debt service, when appropriate; reinvesting in the business through our facilities, equipment, and software; and supporting DXP in the market. We plan to maintain liquidity and flexibility while pursuing growth opportunities and reinvesting in the business.' Kent Yee, Chief Financial Officer added, 'We are pleased with another amendment to our ABL increasing our borrowing capacity by $50 million. This accomplished several objectives, including creating liquidity and flexibility going forward as we look to accelerate growth via acquisitions and strategically reinvest in the business. DXP continues to be well-positioned to support its disciplined growth strategy. DXP continues to diversify and transform the business as evidenced by sales growing from $1.0 billion in 2020 to $1.9 billion for the last twelve months ending March 31, 2025, and covenant compliance adjusted EBITDA growing from $64.9 million in 2020 to over $212.8 million through the twelve months ending March 31, 2025. We appreciate the support from our advisors and lender group.' Additional details regarding the Increase Agreement will be available in DXP's Current Report on Form 8-K to be filed with the Securities and Exchange Commission by July 8 th. About DXP Enterprises, Inc. DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP's vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP's business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contain statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, 'may,' 'will,' 'should,' 'intend,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'goal,' or 'continue' or the negative of such terms or other comparable terminology. For more information, review the Company's filings with the Securities and Exchange Commission.
Yahoo
24-06-2025
- Business
- Yahoo
Is DXP Enterprises (DXPE) Outperforming Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. DXP Enterprises (DXPE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question. DXP Enterprises is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for DXPE's full-year earnings has moved 23% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, DXPE has moved about 1.4% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 0.3% on average. This shows that DXP Enterprises is outperforming its peers so far this year. One other Industrial Products stock that has outperformed the sector so far this year is Life360 (LIF). The stock is up 49.7% year-to-date. The consensus estimate for Life360's current year EPS has increased 11.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Breaking things down more, DXP Enterprises is a member of the Manufacturing - General Industrial industry, which includes 38 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 0% this year, meaning that DXPE is performing better in terms of year-to-date returns. On the other hand, Life360 belongs to the Security and Safety Services industry. This 17-stock industry is currently ranked #41. The industry has moved +4.1% year to date. DXP Enterprises and Life360 could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Boston Scientific Corporation (BSX) : Free Stock Analysis Report Gold Fields Limited (GFI) : Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE) : Free Stock Analysis Report Shake Shack, Inc. (SHAK) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report Life360, Inc. (LIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
