DXP Enterprises Inc.

DXP Enterprises Inc. (DXPE - Snapshot Report) was recognized as one of the fastest growing companies in America. The company is also coming off of its latest earnings announcement which included a 55% increase in earnings and beat estimates once again.

Company Description

DXP Enterprises Inc. is a leading supplier of maintenance, repair and operating products, equipment and services to industrial customers. The company offers its customers a single source of supply on an efficient and competitive basis by being a first-tier distributor which purchases its products directly from the manufacturer.

DXPE also provides value-added services such as system design, fabrication, installation, repair and maintenance for its customers

Third Quarter Results

The company's latest earnings announcement on Oct 29 included earnings per share of 51 cents, a 55% increase from the 33 cents reported one year ago. Sales spiked 75% to $187 million, up from $107 million.

EPS beat Wall Street's expectations by 2 cents, making this the second consecutive surprise and the third in the past 4 quarters. .

Recognized By Fortune

In the Sept 29 issue of Fortune, DXPE is featured as one of "Fortune's 100 Fastest-Growing Companies". The company finished in 5th place in the magazines rankings.

The Chart

Since shares of DXPE broke through the $16 level on the down side, they have had trouble reclaiming that support. The stock failed to breakthrough on its last test, but could be developing some support near $13 that could give it the footing it needs to push through $16. Take a look at the chart below.