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AI brief of an SEC Form 8-K · DXP Enterprises (DXPE)

DXP Enterprises Q1 EPS falls to $0.67 as sales drop 2.7% from a year earlier

Negative Impact 3 of 5 earnings Written later

DXP Enterprises reported first-quarter 2024 results on May 8, 2024. Sales were $412.6 million, down 2.7% from $424.3 million a year earlier, and GAAP diluted EPS was $0.67, down from $0.95, while net income fell to $11.3 million from $17.6 million. Acquisitions contributed $11.8 million of sales, and the company generated $24.1 million of free cash flow, but the year-over-year declines in sales and profit are the headline measures for shareholders.

Key points

  • Sales of $412.6 million, up 1.4% sequentially from $407.0 million but down 2.7% from $424.3 million in Q1 2023
  • GAAP diluted EPS of $0.67 versus $0.95 a year earlier; non-GAAP diluted EPS of $0.74
  • Adjusted EBITDA of $40.3 million versus $43.1 million; free cash flow of $24.1 million, up 6.4%
  • Cash of $139.7 million and net debt of $407.6 million at March 31, 2024; CFO expects growth to be driven by the second half of 2024

The filing

CompanyDXP Enterprises (DXPE)
Form8-K, current report
Filed with the SECMay 9, 2024, 1:08 PM ET
Accession number0001020710-24-000053

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.