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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
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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:
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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. ....

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