DXP Enterprises Announces Fourth Quarter and Fiscal 2019 Results
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DXP Enterprises (DXPE) Misses Q4 EPS by 48c, Revenues Miss
March 6, 2020 8:02 AM ESTDXP Enterprises (NASDAQ: DXPE) reported Q4 EPS of $0.12, $0.48 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $295.5 million versus the consensus estimate of $319.97 million.
Fourth Quarter 2019 financial highlights:
Sales decreased 5.0 percent to $295.5 million, compared to $311.0 million for the fourth quarter of 2018.Earnings per diluted share for the fourth quarter was $0.12 based upon 18.4 million diluted shares, compared to $0.60 per share in the fourth quarter of 2018, based on 18.4 million diluted shares.David R. Little, Chairman and CEO commented, DXP reported fiscal 2019 sales of $1.3 billion, a 4.2 percent growth... More
