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Aggressive Q4 Has DXP Eyeing 2021 Growth

Aggressive Q4 Has DXP Eyeing 2021 Growth The company s 2020 sales were down 21 percent, but it closed four acquisitions in Q4 and refinanced a major loan. Mar 9th, 2021 Houston-based pumping solutions and MROP products distributor and supply chain provider DXP Enterprises reported its 2020 fourth quarter and full-year financial results on Friday, showing year-over-year sales that are still in the red but improving, while sequential sales have accelerated largely the same story among most publicly-traded industrial distributors. The company posted total Q4 sales of $233 million, down 21.2 percent year-over-year (YoY), which was improved from a 32.7 percent YoY decline in Q3. Sequentially, Q4 sales improved 5.7 percent from Q3, far better than the 11.6 percent sequential decline from Q2 to Q3. Gross profit fell 17.9 percent YoY and the company took an operating loss of $3.7 million in Q4, compared to a $41 million loss in Q3 and a $6.7 million profit a year earlier.

SMART Global Holdings Appoints Thierry Pellegrino President of Specialty Computing Business – Consumer Electronics Net

SMART Global Holdings Appoints Thierry Pellegrino President of Specialty Computing Business – Consumer Electronics Net
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SMART Global Holdings Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) in Connection with Cree LED Acquisition – Consumer Electronics Net

SMART Global Holdings Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4) in Connection with Cree LED Acquisition – Consumer Electronics Net
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SMART Global Holdings Completes the Acquisition of Cree LED – Consumer Electronics Net

SMART Global Holdings Completes the Acquisition of Cree LED – Consumer Electronics Net
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