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DXP Enterprises shared its Q3 results, showing a 14.3% rise in sales compared to last year.

ResultsRead the original at Benzinga
Good for DXPE

DXP Enterprises grew sales and operating profit, including 8.7% organic sales growth. Lower margins from sales mix and $14 million in quarterly free cash flow temper the results, but growth across all segments and year-to-date free cash flow more than tripling make the report favorable.

DXPE · DXP Enterprises

AI read · Good for DXPE

The AI's read

Existing customer sales grew, and all 3 business segments added sales. Acquisitions also helped. Lower gross margins came from a shift toward lower-margin sales, and working capital reduced quarterly free cash flow. Still, operating profit rose, and year-to-date free cash flow more than tripled, supporting a favorable reading.

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