The following is a summary of the DXP Enterprises, Inc. (DXPE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• DXP Enterprises reported a strong financial performance in Q3 2024 with total revenue of $472.9 million, a 12.8% increase year-over-year.

• Adjusted EBITDA for Q3 was $52.4 million, up from $44 million in the same period of 2023, reflecting a year-over-year increase of 19.1%.

• Earnings per diluted share were $1.27, up from $0.93 per share in Q3 2023, with adjusted earnings per diluted share at $1.43.

Business Progress:

• DXP Enterprises continues to execute on its growth strategy through both organic growth and strategic acquisitions, having closed seven acquisitions by the end of Q3 2024.

• The company has diversified its offerings and strengthened its position in the water and wastewater sectors, representing a larger share of sales in its Innovative Pumping Solutions (IPS) segment.

• Increased focus on extending comprehensive service and repair offerings for rotating equipment and safety services to existing customers.

Opportunities:

• The company's acquisition strategy continues to focus on enhancing capabilities and expanding into new markets, such as the recent acquisition in Nebraska and the vacuum pump acquisition in California.

Risks:

• Despite strong financial performance, there's a noted increase in SG&A expenses, reflecting an investment in growth, which might affect profitability if not managed effectively.

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