“I am optimistic about what I see in 2018. Commodity prices are supportive of increasing activity in North America and I am encouraged by the increase in tender activity and the positive discussions we are having with our international customers,” concluded Miller.

Ook Goldman Sachs verwacht een verdere toename van de productie van schalieolie. ‘De hogere olieprijs zal investeringen in schalieolie financieren.’ De zakenbank gelooft ook dat de OPEC de komende jaren de productie zal verhogen.

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
DXP Enterprises, Inc. (the “Company”) will be delayed in the filing of the 2017 Annual Report on Form 10-K due to additional work being done in connection with our year-end audit. Thus, the Company will be unable to file the periodic report in a timely manner without unreasonable expense or effort. The Company expects to be able to file the Form 10-K for the year ended December 31, 2017 within the allotted extension time.

The Company expects to report revenue growth of approximately 7% or $1.0 billion for the fiscal year ended December 31, 2017 as compared to the fiscal year ended December 31, 2016, on a same-store basis and will report positive earnings per share for the full year and fourth quarter ending December 31, 2017. The Company expects to file its Annual Report on form 10-K with its audited financial statements, no later than April 2, 2017.

- Free cash flow (cash flow from operating activities less capital expenditures) for the fourth quarter was $3.4 million or 21.3 percent of EBITDA.
- Free cash flow (cash flow from operating activities less capital expenditures) for fiscal 2017 was $9.7 million compared to $43.1 million for fiscal 2016. Adjusting for the 2017 reclassification of outstanding checks (see non-GAAP reconciliation), free cash flow for fiscal 2017 would have been $26.8 million

As we look ahead, we expect accelerating organic sales growth, EBITDA margin enhancement, with strong cash flow generation and growth in earnings. Our key end markets continue to show stabilization but we will watch all our markets closely, especially given our recent experience of both oil and gas and industrial cycling down at the same time. In 2018, we will build on the momentum we have generated and remain customer-focused as we continue to create long-term value for shareholders.”

Kent Yee, CFO added, “DXP’s fiscal 2017 financial performance reflects the beginning of a positive improvement in our business. Adjusting for the divestiture of Vertex, sales and EBITDA grew 7.2 percent and 32.2 percent, respectively. Our fiscal 2017 diluted earnings per share was $0.93, which also includes a $1.3 million provisional benefit related to U.S. tax reform. DXP ended the year with $25.6 million in cash on the balance sheet and net debt of $226.5 million. During the year, we successfully refinanced our credit facility with a new ABL and Term Loan B, while positioning DXP to take advantage of what we believe is building momentum in our business. DXP is in a position to invest in our business and see potential for significant value creation as we pivot our strategy to growth and continuous improvement to expand margins. DXP’s execution from our sales teams and partners is driving growth across our businesses and we look forward to a successful fiscal 2018.”

StevenB schreef: ↑21 maart 2018, 16:19 Gaat lekker zo!

Repeat van vorig jaar? +20% bij resultaten om paar maand later 40% lager te staan. Als je kijkt naar de volatiliteit van dit ding lijkt me dit niet onwaarschijnlijk.

Desondanks ik geloof in meer ga ik wrs toch gokje wagen om vndg te verkopen en (hopenlijk) terug in te stappen na een tik of 2.