DXP Enterprises, Inc. (NASDAQ:DXPE) Q2 2024 Earnings Conference Call August 9, 2024 11:30 AM ET

Company Participants

Kent Yee - Chief Financial Officer
David Little - Chairman & Chief Executive Officer

Conference Call Participants

Max Kane - Stephens

Operator

Thank you for standing by. My name is John, and I'll be your conference operator today. At this time, I would like to welcome everyone to the DXP Enterprise's Second Quarter 2024 Earnings Release and Conference Call. All lines have been placed in mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]. As a reminder, this call is being recorded. Thank you.

I would now like to turn the call over to Kent Yee, Chief Financial Officer. Please go ahead.

Kent Yee

Thank you, John. And thank you to everyone joining us this morning. This is Kent Yee, and welcome to DXP's Q2 2024 conference call to discuss our results for the second quarter ending June 30th, 2024. 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 second quarter performance and financial results. David?

David Little

Good morning. And thank you, Kent. Thanks to everyone for joining us today on our fiscal 2024 second quarter conference call. We delivered another quarter of strong results with sequential and year-over-year improvements by solid execution. We are pleased to see in-market demand and DXP's performance continue through Q2 and remain at record levels through the first half of 2024.

This allows us to achieve another quarter of both solid sales growth and 10% plus EBITDA margins. I want to thank our DX people for their passion and dedication to support our customers in delivering these impressive results. Overall, we had a great second quarter. We are establishing new highs for DXP and look forward to the second half of 2024.