Now IncDNOW's revenues beat estimates by 12.7%, though adjusted operating income missed significantly.
Industrial distributors stocks reported mixed first-quarter earnings, with the group's revenues beating analysts' consensus estimates by 2.1% while next-quarter revenue guidance came in 1.2% below expectations. DNOW led the group with revenues of $1.18 billion, up 97.5% year on year and exceeding estimates by 12.7%, though adjusted operating income missed significantly. Richardson Electronics posted the best quarter, with revenues of $55.47 million beating estimates by 4.4% and strong EPS and EBITDA beats, sending its stock up 53.9%. DXP was the weakest performer, with revenues of $521.7 million missing estimates by 1.9% and significant misses on adjusted operating income and EPS, causing its stock to fall 4.2%. Transcat and Boise Cascade also reported, with Transcat's revenues of $89.33 million slightly missing estimates but beating on operating income and EBITDA, while Boise Cascade's revenues of $1.50 billion topped estimates by 1.9% with solid beats on operating income and EPS.
Now IncDNOW's revenues beat estimates by 12.7%, though adjusted operating income missed significantly.
DXP Enterprises IncDXP's revenues missed estimates by 1.9% with significant misses on adjusted operating income and EPS.
Richardson Electronics LtdRichardson Electronics beat revenue estimates by 4.4% with strong EPS and EBITDA beats, stock up 53.9%.
Boise Cascad LlcBoise Cascade's revenues topped estimates by 1.9% with solid beats on operating income and EPS.
Transcat IncTranscat's revenues slightly missed estimates but beat on operating income and EBITDA.