Tag - DXPE

Synaptics Inc. (Nasdaq:SYNA), Alternative Asset Management Acquisition Corp. (Nasdaq:AMV) and Tortoise Capital Resources Corp. (Nasdaq:TTO) are among the biggest percentage losers in Friday trading among companies with market capitalizations under $1 billion.

Also included among the results: CEC Entertainment Inc. (Nasdaq:CEC), Elron Electronic Industries Ltd. (Nasdaq:ELRN), NetSuite Inc. (Nasdaq:N), DXP Enterprises Inc. (Nasdaq:DXPE), Integrated Electrical Services Inc. (Nasdaq:IESC) and ChinaCast Education Corp. (Nasdaq:CAST).

Also included among the results: Union Bankshares Inc. (Nasdaq:UNB), Alon USA Energy Inc. (Nasdaq:ALJ), DXP Enterprises Inc. (Nasdaq:DXPE), DrdGold ADR (Nasdaq:DROOY), Ameris Bancorp (Nasdaq:ABCB) and SVB Financial Group (Nasdaq:SIVB).

DXP Enterprises Inc. (Nasdaq:DXPE), Schiff Nutrition International Inc. (Nasdaq:WNI) and Urstadt Biddle Class A REIT (Nasdaq:UBA) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Here are the new 52-week highs among small caps:

Hawkins Inc. (Nasdaq:HWKN), Hawaiian Holdings Inc. (Nasdaq:HA) and DXP Enterprises Inc. (Nasdaq:DXPE) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Here are the new 52-week highs among small caps:

AeroVironment Inc. (Nasdaq:AVAV), Hawaiian Holdings Inc. (Nasdaq:HA) and DXP Enterprises Inc. (Nasdaq:DXPE) are among the new 52-week highs in Wednesday's trading among companies with market capitalizations under $1 billion.

Here are the new 52-week highs among small caps:

Starrett LS Co. (Nasdaq:SCX), First Financial Corp. (Nasdaq:THFF) and Sciele Pharma Inc. (Nasdaq:SCRX) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.         

Also included among the results: CombiMatrix Corp. (Nasdaq:CBMX), Standex International Corp. (Nasdaq:SXI), Home Diagnostics Inc. (Nasdaq:HDIX), Medivation Inc. (Nasdaq:MDVN), DXP Enterprises Inc. (Nasdaq:DXPE) and Datascope Corp. (Nasdaq:DSCP).         

Here are the new 52-week highs among small caps: 

Calgon Carbon Corp. (Nasdaq:CCC), DXP Enterprises Inc. (Nasdaq:DXPE) and Herley Industries Inc. (Nasdaq:HRLY) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Chardan 2008 China Acquisition Units (Nasdaq:CACAU), BWAY Holding Co. (Nasdaq:BWY), First of Long Island Corp. (Nasdaq:FLIC), Navios Maritime Acquisition Corp. (Nasdaq:NNA), Global Brands Acquisition Corp. (Nasdaq:GQN) and New York & Company Inc. (Nasdaq:NWY).

Here are the new 52-week highs among small caps:

Zale Corp. (Nasdaq:ZLC), SeaChange International Inc. (Nasdaq:SEAC) and Herley Industries Inc. (Nasdaq:HRLY) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FiberNet Telecom Group Inc. (Nasdaq:FTGX), DXP Enterprises Inc. (Nasdaq:DXPE), CryoLife Inc. (Nasdaq:CRY), Zep Inc. (Nasdaq:ZEP), Starrett LS Co. (Nasdaq:SCX) and Almost Family Inc. (Nasdaq:AFAM).

Here are the new 52-week highs among small caps:

Olympic Steel Inc (Nasdaq:ZEUS), Dendreon Corp (Nasdaq:DNDN) and GFI Group Inc (Nasdaq:GFIG) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: China Sunergy Co Ltd (Nasdaq:CSUN), Arris Group Inc (Nasdaq:ARRS), National Coal Corp (Nasdaq:NCOC), China Finance Online Co Ltd (Nasdaq:JRJC), DXP Enterprises Inc (Nasdaq:DXPE) and IntegraMed America Inc (Nasdaq:INMD).

Here are the most actively traded companies among small caps:

After Wednesday’s close, DXP Enterprises Inc. (Nasdaq:DXPE) posted a second-quarter profit that had nearly doubled from the previous year. The news sent shares up 11% in today’s pre-market trading. For the quarter ended June 30, net income for the Houston-based company was $6.4 million, or $0.93 per share, compared to $3.4 million, or $0.56 a share, for the same period a year earlier. Wall Street was expecting earnings per share of $0.86. Sales increased more than 120% to $187.8 million, up from $85.3 million from the year-ago quarter.

“We continue to execute our three-pronged growth strategy of organic growth, operational efficiencies and acquisitions. Our performance of organic growth of 31% and earnings per share growth of 66% illustrates that our execution is gaining market share and creating value for our shareholders. With our ability to enhance profits and grow the companies we acquire plus the opportunities we have for growth through Super Centers, Innovative Pumping Solutions and Supply Chain Solutions our outlook remains strong,” said David R. Little, chairman and CEO, in a statement.

DXP is in the business of distributing maintenance, repair and operating products. At 9:08 a.m. ET, shares are at $51, up $5.12 from Wednesday’s close.

In the past, industrial customers maintained broad supply chains, contracting with numerous local distributors. This method is changing, though. Motivated by the need to reduce costs and improve inventory turns, most industrial customers are consolidating their supply chains and relying on first-tier distributors that can provide one-stop shopping. These customers are also demanding value-added services such as integrated supply, system design, and equipment fabrication, installation and maintenance. 

This supplier consolidation is creating budding opportunities for DXP Enterprises, Inc. (Nasdaq: DXPE) a leading U.S. supplier of maintenance, repair and operations (MRO) services, and KHD Humboldt Wedag International, Ltd. (NYSE: KHD), a global provider of plant design and equipment procurement services.    

KHD Humboldt provides industrial plant engineering services and equipment to mineral processors. It is a leading supplier to the global cement-manufacturing market and offers its customers proprietary technologies, plant and equipment design, and customized systems for process control and equipment optimization.

Formerly a merchant bank, KHD shifted its focus to industrial plant engineering in 2006. Since then, it has established operations in India, China, Russia, Germany, the Middle East, South Africa and the United States.

During the first nine months of 2007, KHD’s revenues grew 75% year-over-year to $418.8 million from $239.6 million and income from continuing operations climbed 102% to $38.6 million, or $1.27 per share, from $19 million, or $0.63 per share. New orders rose 123% in the September quarter to $240 million and exceeded $569 million for the nine-month period. Backlog totaled $762 million; nearly 90% of backlog was contracts in China, India, Russia and other emerging economies. KHD expects a 70% increase in full-year 2007 earnings to be between $1.70 and $1.75 per share.

At the turn of the century, the company that provided the roots for what has become DXP Enterprises, Inc. (Nasdaq: DXPE) set out on a path to become outstanding in its field.

The field was the cotton field. It was in 1908 that DXP predecessor Southern Engine and Pump Co. was founded, providing irrigation pumps needed to grow cotton and servicing cotton gins used to make textiles.

The Houston, Texas-based operation became Sepco in 1979, then was renamed DXP Enterprises in 1996, when it became a public company. Since then, DXP has increased its national presence and broadened its product and service lineup with organic growth and strategic acquisitions.

In addition to industrial pumps, DXP makes much more, supplying more than 770,000 industrial parts and products. The company said in its 2006 annual report that it was the 31st-largest player in industrial distribution.

DXP has seen substantial growth in MRO (maintenance, repair, operating) products, equipment and services that make up the bulk of its business — in pumps, bearings, power transmission, seals, fluid power and industrial supplies. DXP says it has some 25,000 customers in 17 states, with about half of its revenue coming from the oil and gas and chemical industries.

DXP is working to meet the supply-chain needs of its growing clientele as well, who utilize its SmartSource integrated supply program to cut costs and streamline procurement.

DXP’s chairman and chief executive, David Little, has long been the driving force behind the company, having started with Sepco in 1975. Little gained controlling interest in Sepco in 1986 and took it public a decade later. Little and some family trusts appear to control about half of the DXP stock.

Triad Guaranty Inc. (Nasdaq: TGIC), Graham Corp. (AMEX: GHM) and US BioEnergy Corp. (Nasdaq: USBE) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

The Russell 2000 (NYSE: IWM) is posting gains midway though the session, buoyed by earnings news. At 1:34 p.m. ET, the small-cap index had added 8.66 points, or 1.07%, to 814.77. The Dow Jones Industrial Average (INDU) was up 78.12 points, or 0.57%, to 13,750.04.

Trading began on a bullish note as investors responded to news that Microsoft Corp.’s (Nasdaq: MSFT) first-quarter earnings beat Wall Street’s projections. The Redmond, Wash.-based company posted a stunning 87% growth in its entertainment and devices segment, primarily due to strong sales of its video game “Halo.”

Meanwhile, Countrywide Financial Corp. (NYSE: CFC), the largest mortgage lender in the United States, said that it will return to profitability in the fourth quarter and outpace projections after taking a hit in the third quarter due to the meltdown in the subprime mortgage sector this summer.

In small-cap news, industrial products maker Graham Corp. (AMEX: GHM) increased its quarterly profit seven-fold, while Gulf Island Fabrication, Inc. (Nasdaq: GIFI) stumbled after missing analysts’ third-quarter profit expectations.

Elsewhere, the U.S. dollar has fallen to another all-time low against the euro. One greenback can now be exchanged for 0.695 of the currency adopted by 13 countries in the 27-member European Union. This morning the dollar was at 0.698 euros.

The weak dollar is contributing to another rise in the price of oil, which is denominated in the U.S. currency. A barrel of oil now costs $90.99, up $0.53. Earlier in the day the price of oil was closer to $92 a barrel.

Distributor of maintenance, repair and operating products to industrial customers DXP Enterprises Inc. (DXPE) reported Sunday that it will acquire privately held Precision Industries Inc. in an all-cash transaction valued at roughly $106 million.

DXP said the deal will strengthen DXP's supply chain operation, SmartSource. SmartSource helps companies reduce costs by streamlining procurement and sourcing operations.

Precision manufactures software used in supply chain management.

Shares of DXP gained $0.85, or 2.41%, to $36.10 out of the gate Monday morning.

DXP Enterprises, Inc. (Nasdaq: DXPE)
Houston, TX  77040
http://www.dxpe.com 

DXP Enterprises, Inc. is a fast-growing industrial supply and industrial electrical contractor operating in the natural resources (oil and gas, wood products, mining) markets. DXPE also serves the construction, chemical, municipal, food and beverage, and pulp and paper industries and has done so since 1908; but its robust growth in recent years is more consistent with a teenager than a centenarian.

DXP Enterprises, Inc. (Nasdaq: DXPE)
Houston, TX  77040
http://www.dxpe.com 

DXP Enterprises, Inc. is a fast-growing industrial supply and industrial electrical contractor operating in the natural resources (oil and gas, wood products, mining) markets. DXPE also serves the construction, chemical, municipal, food and beverage, and pulp and paper industries and has done so since 1908; but its robust growth in recent years is more consistent with a teenager than a centenarian.

These are the biggest percentage gainers at 12:04 Et among companies with market capitalizations under $500 million: 

Shares of Houston-based oil and gas equipment provider DXP Enterprises, Inc. (Nasdaq: DXPE) are up following news after Tuesday’s close of strong first-quarter financial results.  Net income for the first quarter ended March 31, was $3.7 million, or $0.65 per share, compared with $2.5 million, or $0.44 per share a year earlier.  Wall Street was looking for earnings of $0.61 per share.  Shares are up $1.43, or 3.34%, to $44.23.