DXP ENTERPRISES INC (DXPE): Results of Operations and Financial Condition

DXP Enterprises (NASDAQ: DXPE) said it completed its acquisition of Mequipco Ltd., a Calgary-based representative for mechanical equipment for water and wastewater systems in Western Canada. DXP funded the deal with cash from its balance sheet and DXPE shares. Mequipco reported pro-forma adjusted EBITDA of about CAD $2.4 million for the 12 months ended June 30, 2026.

DXP Enterprises (NASDAQ: DXPE) completed its acquisition of General Repair Service, a Minnesota-based water and wastewater and industrial repair provider. General Repair, founded in 1955 and headquartered in Vadnais Heights, serves the greater Minnesota market. DXP funded the deal with cash from its balance sheet; General Repair reported last-twelve-month sales of about $12.2 million and adjusted EBITDA of about $1.6 million.

Janus Living (NYSE:JAN) reported sequential same-store NOI margin down 40 bps, citing seasonality. Occupancy rose for independent living but fell for skilled nursing. The company acquired two communities for $105M, sold one for $23M, and completed $1B more acquisitions post-quarter. It raised 2026 FFO guidance to $0.95-$0.98 and same-store adjusted NOI growth to 13%-17%.

Joby Aviation (NYSE:JOBY) raised full-year revenue guidance to $115 million to $125 million from $105 million to $115 million. Q2 cash use was about $202 million and GAAP net loss was $245 million, including a $108 million non-cash warrant and earn-out fair value change. For 2H 2026, it expects $385 million to $415 million cash use. The company said aircraft availability is a key constraint on Blade routes and outlined manufacturing, infrastructure, and JV plans with Toyota.

James Hardie (NYSE:JHX) said about one-third of fiber-cement growth came from strategic initiatives, one-third from prior-year destocking comparisons, and the rest from price and mix. June sell-through rose 19%. Deck, Rail & Accessories sales fell 5% to $305.1M with 27.1% Adjusted EBITDA margin. Q2 net sales forecast $1.485B-$1.575B and FY2027 outlook raised; FCF Q1 was $254M and it redeemed $400M notes.

ORIX (NYSE: IX) discussed Q1 results and outlook on an earnings call, including potential Q3 Kioxia sale and valuation losses tied to Kioxia’s end-September share price. ORIX shifted its dividend basis to adjusted profits, targeting an interim dividend of JPY 107.27 per share and full-year JPY 187.36. It reported JPY 115.7B capital gains and about JPY 300B capital-recycling inflows, and continued a JPY 250B buyback.