DXP Enterprises Inc. (DXPE, Financial) filed Quarterly Report for the period ended 2012-08-09.
Dxp Enterprises, Inc. has a market cap of $640.6 million; its shares were traded at around $47.4095 with a P/E ratio of 16.6 and P/S ratio of 0.8. Dxp Enterprises, Inc. had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated Dxp Enterprises, Inc. the business predictability rank of 2-star.
SALES. Sales for the six months ended June 30, 2012 increased $133.4 million, or 35.0%, to approximately $514.2 million from $380.8 million for the same period in 2011. Sales by businesses acquired since June 30, 2011, accounted for $70.8 million of 2012 sales. Excluding 2012 sales by businesses acquired in 2011 and 2012, sales for 2012 increased 16.4% from 2011 on a same store sales basis. This sales increase is primarily due to improvement in the oil and gas and manufacturing portions of the U.S. economy.
SERVICE CENTERS SEGMENT. Sales for the Service Centers segment increased $88.1 million, or 32.5%. Excluding 2012 Service Centers segment sales of $63.8 million by businesses acquired in 2011 and 2012, Service Centers segment sales for the first six months of 2012 increased 9.0% from 2011, on a same store sales basis. This sales increase is primarily due to improvement in the oil and gas and manufacturing portions of the U.S. economy. Operating income for the Service Centers segment increased 27.8%, primarily as a result of the 29.8% increase in gross profit.
SUPPLY CHAIN SERVICES SEGMENT. Sales for the SCS segment increased by $9.2 million, or 12.9%, for the first six months of 2012 compared to the first six months of 2011. Excluding SCS segment sales of $7.1 million by businesses acquired in 2011 and 2012, SCS segment sales for 2012 increased 3.0% from 2011, on a same store sales basis. Operating income for the SCS segment increased 65.9% primarily as a result of the 12.9% increase in sales for this segment combined with a decline in selling, general and administrative expense.
INNOVATIVE PUMPING SOLUTIONS SEGMENT. Sales for the IPS segment increased by $36.1 million, or 93.8% for the first six months of 2012 compared to the first six months of 2011. The sales increase resulted from the increase in capital spending by our oil and gas and mining related customers. Operating income for the IPS segment increased 155.5% as a result of the 93.8% increase in sales combined with only a 44.6% increase in selling, general and administrative expenses.
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Dxp Enterprises, Inc. has a market cap of $640.6 million; its shares were traded at around $47.4095 with a P/E ratio of 16.6 and P/S ratio of 0.8. Dxp Enterprises, Inc. had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated Dxp Enterprises, Inc. the business predictability rank of 2-star.
Highlight of Business Operations:
SUPPLY CHAIN SERVICES SEGMENT. Sales for the SCS segment increased by $6.2 million, or 17.2%, for the second quarter of 2012 compared to the second quarter of 2011. Excluding SCS segment sales of $4.4 million by businesses acquired in 2011 and 2012, SCS segment sales for the second quarter of 2012 increased 5.0% from 2011, on a same store sales basis. Operating income for the SCS segment increased 82.7% primarily as a result of the 22.7% increase in gross profit for this segment combined with a decline in selling, general and administrative expense.SALES. Sales for the six months ended June 30, 2012 increased $133.4 million, or 35.0%, to approximately $514.2 million from $380.8 million for the same period in 2011. Sales by businesses acquired since June 30, 2011, accounted for $70.8 million of 2012 sales. Excluding 2012 sales by businesses acquired in 2011 and 2012, sales for 2012 increased 16.4% from 2011 on a same store sales basis. This sales increase is primarily due to improvement in the oil and gas and manufacturing portions of the U.S. economy.
SERVICE CENTERS SEGMENT. Sales for the Service Centers segment increased $88.1 million, or 32.5%. Excluding 2012 Service Centers segment sales of $63.8 million by businesses acquired in 2011 and 2012, Service Centers segment sales for the first six months of 2012 increased 9.0% from 2011, on a same store sales basis. This sales increase is primarily due to improvement in the oil and gas and manufacturing portions of the U.S. economy. Operating income for the Service Centers segment increased 27.8%, primarily as a result of the 29.8% increase in gross profit.
SUPPLY CHAIN SERVICES SEGMENT. Sales for the SCS segment increased by $9.2 million, or 12.9%, for the first six months of 2012 compared to the first six months of 2011. Excluding SCS segment sales of $7.1 million by businesses acquired in 2011 and 2012, SCS segment sales for 2012 increased 3.0% from 2011, on a same store sales basis. Operating income for the SCS segment increased 65.9% primarily as a result of the 12.9% increase in sales for this segment combined with a decline in selling, general and administrative expense.
INNOVATIVE PUMPING SOLUTIONS SEGMENT. Sales for the IPS segment increased by $36.1 million, or 93.8% for the first six months of 2012 compared to the first six months of 2011. The sales increase resulted from the increase in capital spending by our oil and gas and mining related customers. Operating income for the IPS segment increased 155.5% as a result of the 93.8% increase in sales combined with only a 44.6% increase in selling, general and administrative expenses.
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