DXP Enterprises, Inc. Provides Preliminary Earnings Guidance for the First Quarter Ended March 31, 2023
May 11, 2023 at 02:18 am IST
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DXP Enterprises, Inc. provided preliminary earnings guidance for the first quarter ended March 31, 2023. For the first quarter, the company expects sales of $424.3 million, operating income of $35.4 million and diluted earnings per share of $0.86 - $0.92.
DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It provides pumping solutions, supply chain services and maintenance, repair, operating and production (MROP) services. It has three segments: Service Centers (SC), Innovative Pumping Solutions (IPS) and Supply Chain Services (SCS). SC segment is engaged in providing MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps. SCS segment provides fully outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting.
DXP ENTERPRISES, INC. 
