DXP Enterprises (DXPE) stock soared 5.8% in after-hours trading on Thursday, following the company's better-than-expected fourth-quarter results and optimistic outlook. The industrial products distributor reported adjusted earnings of $1.38 per share, surpassing analysts' estimates of $0.89. Revenue for the quarter climbed 15.7% year-over-year to $470.9 million, also beating expectations of $447 million.

The strong performance was driven by robust sales growth across all of DXP's business segments, particularly its Innovative Pumping Solutions unit, which saw revenue surge 47.7% year-over-year. The company's diverse end markets, including oil & gas and water & wastewater, contributed to the positive results. DXP's management expressed confidence in the company's growth strategies and ability to capitalize on market opportunities, leading to an upbeat outlook for the coming year.

DXP's financial position also remained solid, with the company refinancing its Senior Secured Term Loan B to raise $649.5 million and reduce borrowing costs. The company ended the fiscal year with $148.4 million in cash and restricted cash, and a net debt of $500.6 million.