DXP Enterprises, Inc. (NASDAQ:DXPE) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET

Company Participants

Kent Yee - Chief Financial Officer

David Little - Chairman & Chief Executive Officer

Conference Call Participants

Tommy Moll - Stephens Inc.

Operator

Good morning. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the DXP Enterprises Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I now turn the call over to Kent Yee, Chief Financial Officer. Ken, you may begin.

Kent Yee

Thank you, Krista. This is Kent Yee and welcome to DXP's Q3 2023 conference call to discuss our results for the third quarter ending September 30th, 2023. Joining me today is our Chairman and CEO, David Little.

Before we get started, I want to remind you that today's call is being webcast and recorded and includes forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements.

A detailed discussion of the many factors that we believe may have a material effect on our business on an ongoing basis, are contained in our SEC filings. However, DXP assumes no obligation to update that information as a result of new information or future events.

During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our earnings press release. The press release and an accompanying investor presentation are now available on our website at ir.dxpe.com.

I will now turn the call over to David Little, our Chairman and CEO, to provide his thoughts and a summary of our third quarter performance and financial results. David?

David Little

Thanks Kent. Thanks to everyone, -- on our 2023, third quarter conference call. Kent we will take you -- Kent will take you through the key financial details after our remarks -- after my remarks. And after our prepared comments, we will open for Q&A.

It is my privilege to share DXP's third quarter results with you on behalf of over 2,799 DXPeople. Congratulations to all our stakeholders and a special thank you to our DXPeople you can trust.

We are pleased to see end market demand and DXP's performance continue through Q3 and remain at record levels as we move through the second half of 2023. This allows us to achieve another quarter of both solid sales growth and 10%-plus EBITDA margins.