DXP ENTERPRISES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
Contents
(Note 9)
NOTE 9 -EARNINGS PER SHARE
Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Basic earnings per share: | ||
| Weighted average shares outstanding | 16,128 | 17,596 |
| Net income attributable to DXP Enterprises, Inc. | $11,332 | $17,580 |
| Convertible preferred stock dividend | 23 | 23 |
| Net income attributable to common shareholders | $11,309 | $17,557 |
| Per share amount | $0.70 | $1.00 |
| Diluted earnings per share: | ||
| Weighted average shares outstanding | 16,128 | 17,596 |
| Assumed conversion of convertible preferred stock | 840 | 840 |
| Total dilutive shares | 16,968 | 18,436 |
| Net income attributable to common shareholders | $11,309 | $17,557 |
| Convertible preferred stock dividend | 23 | 23 |
| Net income attributable to DXP Enterprises, Inc. | $11,332 | $17,580 |
| Per share amount | $0.67 | $0.95 |
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