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DXP Enterprises Inc (DXPE) Q1 2021 Earnings Call Transcript

DXP Enterprises Inc (DXPE) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. DXP Enterprises Inc (NASDAQ: DXPE) Q1 2021 Earnings Call Operator Good Morning and welcome to DXP Enterprises Inc., 2021 First Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] I would now like to turn the conference over to your host Mr. Kent Yee, Chief Financial Officer.SPONSORED: 10 stocks we like better than DXP Enterprises When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade,

Fourth Party Logistics Market 2021 Size, Status and Global Outlook – C H Robinson Worldwide, Accenture Consulting, XPO Logistics, 4PL Insights – KSU

Fourth Party Logistics Market 2021 Size, Status and Global Outlook – C H Robinson Worldwide, Accenture Consulting, XPO Logistics, 4PL Insights – KSU
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Acquisitions Drive Sequential Sales Growth at DXP

Year-over-year sales were still down almost 19 percent, but that deficit continues to improve. May 7th, 2021 Houston-based pumping solutions and MROP products distributor and supply chain provider DXP Enterprises reported its 2021 first quarter results on Friday, showing year-over-year sales that are still in the red but improving, while sequential sales showed solid growth that was driven by acquisitions the company completed during Q4 2020. The company posted total Q1 sales of $246 million, down 18.4 percent year-over-year (-17.1 percent on a daily sales basis). That year-over-year decline has shrunk from 32.7 percent in Q3 of last year and 21.2 percent in Q4. Sequentially, Q1 sales improved 5.6 percent, on par with the 5.7 percent increase from Q3 to Q4 2020.

Prime Focus Technologies announces a Hybrid-Cloud Media Centre

Prime Focus Technologies announces a Hybrid-Cloud Media Centre
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PFT launches hybrid-cloud media centre

Prime Focus Technologies (PFT) has announced it has launched a hybrid-cloud media centre in Leeds. Over 70 profesionals will be employed by the centre, which comes after a September 2019 deal in which PFT agreed to handle media processing, centralized content operations including live simulcast and VOD service for Channel 4 with its flagship product, CLEAR™ Media ERP.  PFT Leeds will provide Channel 4’s operations, including receipt and delivery of content, quality control, edit & remastering, archiving, live simulcast of linear channels and transcoding, along with packaging and delivery of non-linear services. It is assisted in this by its location near the new national headquarters of the channel.

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