DXP Enterprises Q4 diluted EPS $0.94 vs $0.37; fiscal 2023 sales up 13.4%
DXP Enterprises reported fourth quarter and fiscal 2023 results. Q4 diluted EPS was $0.94 versus $0.37 a year earlier, while Q4 sales were $407.0 million compared with $406.3 million. For the full year, sales rose 13.4% to $1.7 billion and net income increased to $68.8 million from $48.2 million, a result that favors shareholders on the headline measures.
- Q4 2023 diluted EPS was $0.94 versus $0.37 in Q4 2022; Q4 sales were $407.0 million versus $406.3 million.
- Fiscal 2023 sales were $1.7 billion, up 13.4%, and net income was $68.8 million versus $48.2 million.
- Adjusted EBITDA for fiscal 2023 was $174.3 million versus $126.8 million, and free cash flow was $94.0 million.
- In fiscal 2023 the company refinanced its Senior Secured Term Loan B, raising $550 million, and repurchased 1.7 million shares for $54.7 million.