gpv1 schreef:Lap, resultaten Q3 worden uitgesteld tot volgende week maandag:

http://ir.dxpe.com/file.aspx?IID=4376766&FID=36586592

Operating income (loss) for the three months ended September 30, 2016 increased from a loss of ($55.6) million to approximately $4.9 million of income for the third quarter of 2016

gpv1 schreef:Die -0,5 tot 0,5 gaat over de nettowinst/verlies, terwijl de $4,9 gaat over de operationele winst.
Reden van uitstel is geruststellend.

pisa schreef:Zo ziet de markt het ook. Gisteren bijna 10% erbij.

David R. Little, Chairman and CEO, remarked, “DXP continues to manage to the current realities and we are proud of the gains our DXPeople have made year-to-date. We are managing costs and producing free cash flow. We also are preparing for the future and the next up cycle, which we believe is coming. We continue to appreciate the hard work and perseverance from all our DXPeople. Total DXP revenues of $230.0 million for the third quarter declined 10.2 percent sequentially. As previously outlined in our earnings pre-release on October 19th, DXP’s third quarter performance reflects low sales across all of DXP’s business segments during the month of July. August and September sales were more in line with average year-to-date monthly performance but did not make-up for the July aberration. During the third quarter, sales were $152.0 million for Service Centers, $39.8 million for Innovative Pumping Solutions and $38.2 million for Supply Chain Services. We are pleased with our cost containment measures within the segments and at corporate. Free cash flow combined with proceeds from the sale of Vertex and equity issuance, has allowed DXP to pay down debt by over $77 million, subsequent to quarter end. We remain confident in our future and the opportunities ahead for DXP. Again, DXP is poised for earnings leverage and sales growth once the market turns.”

Mac McConnell, CFO, added, “DXP generated $23.4 million in free cash flow during the third quarter and $31.6 million year-to-date. During the quarter, DXP paid down debt by $28.4 million. Total debt outstanding as of September 30, 2016 was $319.3 million. As of November 11, 2016, total debt outstanding was $236.3 million which includes proceeds from the sale of Vertex and the issuance of 2,484,000 shares in conjunction with DXP’s common stock offering announced on October 25, 2016. DXP has prepaid the $30 million mandatory payment due by December 31, 2016 and the $25 million payment due by March 31, 2017. Additionally, DXP has prepaid the $12.5 million amortization payment due on December 31, 2016 and $12.0 million of the $15.625 million amortization payment due on March 31, 2017.”

De prijs voor een vat Brent-Noordzeeolie
OILBR -0,72%
zakt nog eens een halve procent naar 44,14 dollar. Volgens Bloomberg als gevolg van signalen dat Iran de productie opdrijft en het feit dat Amerikaanse schaliegasproducenten eerder in de mottenballen gezette boorputten weer activeren.
Overigens is het niet alleen Iran dat gretig olie naar boven pompt. Dat geldt voor heel OPEC, ondanks alle beloftes om de productie in te beperken. De effectieve productie van het kartel is intussen tot meer dan 34 miljoen vaten per dag gestegen, een record.

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Sales were $230.0 million for the third quarter of 2016 versus $256.2 million for the second quarter of 2016, a decrease of 10.2 percent. Compared to the third quarter of 2015 sales of $303.1 million, sales were down 24.1 percent.
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Gross profit was $63.8 million, or 27.7 percent of sales for the third quarter of 2016 versus $71.6 million for the second quarter of 2016, or 28.0 percent of sales. Gross profit was $85.7 million or 28.3 percent of sales for the third quarter of 2015.
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Selling, general and administrative (SG&A) expenses were $58.9 million, or 25.6 percent of sales for the third quarter of 2016, compared to $75.1 million or 24.8 percent of sales for the third quarter of 2015. In the second quarter of 2016, SG&A was 24.5 percent of sales or $62.8 million.
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Earnings per diluted share for the third quarter was $0.02 based upon 15.4 million diluted shares, compared to a loss of $3.64 per share in the third quarter of 2015, based on 14.4 million diluted shares. In the second quarter of 2016, earnings per diluted share was $0.34 per share on 15.3 million shares.

pisa schreef:@Umi,
Dat is goed nieuws.
Maar dit toch allemaal niet?
Of was erger verwacht?