What trends show in DXPE's 2024 earnings?

DXP Enterprises (DXPE) demonstrated mixed trends in its 2024 earnings, with notable performance in certain quarters and areas of operation. Here's a detailed analysis: 1. **Revenue Growth**: DXPE's revenue for 2024 was $1.8 billion, reflecting a positive trend in the company's sales. However, this figure was slightly below the estimated $1.85 billion. The third quarter of 2024 saw a significant revenue increase, with a reported $472.9 million, up 13% from the previous year's $415.2 million. This indicates a strong sales performance, particularly in the third quarter. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |DXPE|DXPE.O|DXP Enterprises|2024 Q1|-2.7416697504166008|4.12635E8|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q2|4.0921409214092135|4.45556E8|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q3|12.805278009011351|4.72935E8|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q4|15.691178349269366|4.70914E8|185| 2. **Net Income**: The company's net income for the year was $70.49 million, which represents a solid earnings base. However, net income had declined in the first quarter of 2024 to $11.3 million, which was below the estimated $16.0 million. This suggests a challenging start to the year, but a strong recovery in subsequent quarters. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |DXPE|DXPE.O|DXP Enterprises|2024 Q1|-35.540386803185434|1.1332E7|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q2|-12.391098981841084|1.6693E7|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q3|30.47860499628988|2.1101E7|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q4|33.468699237785835|2.1363E7|185| 3. **Earnings Per Share (EPS)**: DXPE's diluted EPS for 2024 was $4.22, reflecting a robust earnings per share. The company exceeded EPS expectations in both the first and second quarters, with reported EPS of $0.74 in Q1 and $1.02 in Q2, compared to estimated EPS of $0.71 for Q1 and $0.80 for Q2. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |DXPE|DXPE.O|DXP Enterprises|2024 Q1|-29.473684210526308|0.67|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q2|-5.660377358490571|1|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q3|36.55913978494623|1.27|185| |DXPE|DXPE.O|DXP Enterprises|2024 Q4|37.2340425531915|1.29|185| 4. **Quarterly Variations**: DXPE's performance varied significantly across quarters. The company missed revenue and earnings projections in the first quarter but exceeded them in the third quarter. The second quarter saw a slight beat in revenue expectations but no significant earnings misses were recorded. 5. **Profit Margin**: The profit margin for the third quarter of 2024 was 4.5%, up from 3.9% in the previous year's third quarter. This indicates an improvement in profitability over the past year, driven by higher revenue. In conclusion, DXPE showed strong revenue growth and improved profit margins in certain quarters of 2024, despite some challenges in the first quarter. The company's strategic acquisitions and operational improvements in its Innovative Pumping Solutions segment contributed to its overall performance.