DXP Enterprises Announces 2016 Fourth Quarter and Fiscal Year 2016 Results
Fiscal year 2016 sales of $962 million
Solid full year GAAP diluted EPS of $0.49
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) of $55.2 million, or 5.7 percent of sales.
Recorded $5.6 million gain on sale of Vertex from $31.5 million of proceeds
Solid free cash flow of $43.1 million, excluding Q1 cash outflow of $9.4 million, free cash flow for fiscal 2016 was $52.5 million
Net proceeds of $52.2 million via common stock offerings with the issuance of 2.7 million shares
Reduced total debt by $125.9 million for the year
HOUSTON -- DXP Enterprises, Inc. (NASDAQ:DXPE) today announced financial results for the fourth quarter and fiscal year ending December 31, 2016. A reconciliation of the non-GAAP financial measures is in the back of this press release.
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Published: 31 March 2017
Written by Editor