DXP Enterprises (DXPE) FY2017 results: revenue $1.0 billion, up 4.6% on the year
DXP Enterprises Inc. (DXPE) reported revenue of $1.0 billion for fiscal 2017, the year ended 31 December 2017, up 4.6% on the year before. Net income was $17 million, up 119.3%, and diluted earnings per share $0.93. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2019.
Revenue
$1.0 billion
+4.6% on the year
FY2010FY2017
Operating margin
3.3%
2.0% a year earlier
FY2010FY2017
Net income
$17 million
+119.3% on the year
FY2010FY2017
Diluted EPS
$0.93
+89.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,007
962
1,247
+4.6%
Cost of revenue
735
697
895
+5.4%
Gross profit
272
265
352
+2.6%
Gross margin
27.0%
27.5%
28.2%
Selling, general and administrative
238
245
304
-3.0%
Operating income
33.5
19.3
-27.9
+73.2%
Operating margin
3.3%
2.0%
-2.2%
Interest expense
17.1
15.6
10.9
+9.6%
Pre-tax income
16.9
9.7
-38.9
+74.6%
Income tax
0.4
2.5
0.1
-85.6%
Effective tax rate
2.1%
26.1%
n/a
Net income
16.9
7.7
-38.5
+119.3%
Net margin
1.7%
0.8%
-3.1%
Diluted EPS
$0.93
$0.49
-$2.68
+89.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
12.5
48.2
98.8
-74.0%
Capital expenditure
2.8
4.9
14.0
-42.3%
Free cash flow
9.7
43.4
84.8
-77.6%
Free cash flow margin
1.0%
4.5%
6.8%
Cash from investing
-2.8
27.8
-29.5
Cash from financing
14.2
-76.1
-67.9
Depreciation and amortisation
27.8
30.0
33.2
-7.4%
Share-based compensation
1.7
3.6
3.0
-52.3%
Dividends paid
0.1
0.1
0.1
0.0%
Diluted shares, weighted
18m
16m
14m
+14.8%
Shares outstanding at period end
17m
17m
15m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
268
252
197
+6.5%
Non-controlling interest
0.6
0.9
1.8
-38.8%
Short-term borrowings
n/a
n/a
50.8
Debt
242
225
350
+7.7%
Other liabilities
129
125
84.8
+3.0%
Total liabilities and equity
639
602
684
+6.2%
Fixed assets
53.3
60.8
68.5
-12.3%
Goodwill
188
188
197
0.0%
Intangible assets
78.5
94.8
112
-17.2%
Cash and equivalents
22.0
1.6
1.7
+1,286.6%
Receivables
167
149
163
+12.3%
Inventory
91.4
83.7
104
+9.2%
Other assets
38.9
24.6
37.4
+58.0%
Total assets
639
602
684
+6.2%
10-K for the year ended 31 December 2017, filed 8 March 2019: the filing.