Filing Flows › DXP Enterprises (DXPE) › Q1 2025
DXP Enterprises (DXPE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
DXP Enterprises (DXPE) reported revenue of $477M for the first quarter 2025 (Q1 2025), +15% from a year earlier and +1% from the quarter before. Operating margin was 8.5%, net earnings $20.6M (4.3% of revenue).
DXP Enterprises, Q1 2025: revenue $477M (+16% year over year), operating margin 8.5%, net earnings $20.6M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | +1% | +15% |
| Gross profit | $150M | +1% | +21% |
| Operating profit | $40.5M | +3% | +39% |
| Net earnings | $20.6M | -4% | +82% |
| Operating cash flow | $3.0M | -91% | -89% |
What changed
Revenue was $476.6M in Q1 2025, up 15% year over year and up 1% from the previous quarter. Service Centers was the largest line at 69% of revenue. Service Centers added $38.6M year over year (up 13%), 60% of the total change.
Gross margin was 31.5%, up 1.5 points from a year earlier. Operating profit was $40.5M, a 8.5% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 7% margin then. Operating expenses grew 16% against revenue growth of 15%. Net earnings were $20.6M, up 82% year over year. The effective tax rate was 24.2%.
Operating cash flow was $3.0M (down 89% year over year), 14% of net earnings. Non-cash charges added back $7.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $26.6M. Capital expenditures of $19.9M exceeded it, leaving free cash flow of −$16.9M.
Questions
What was DXP Enterprises' revenue in the first quarter 2025?
DXP Enterprises (DXPE) reported revenue of $477M for the first quarter 2025 (Q1 2025), +15% from a year earlier and +1% from the quarter before.
Was DXP Enterprises profitable in the first quarter 2025?
Operating profit was $40.5M (8.5% of revenue) and net earnings $20.6M.
Source: DXP Enterprises 10-Q on SEC EDGAR.