DXP Enterprises, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 05:42 pm EDT
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DXP Enterprises, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 428.04 million compared to USD 367.81 million a year ago. Net income was USD 19.05 million compared to USD 14.43 million a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 0.74 a year ago.
For the six months, sales was USD 852.31 million compared to USD 687.22 million a year ago. Net income was USD 36.63 million compared to USD 27.07 million a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 1.39 a year ago.
DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It provides pumping solutions, supply chain services and maintenance, repair, operating and production (MROP) services. It has three segments: Service Centers (SC), Innovative Pumping Solutions (IPS) and Supply Chain Services (SCS). SC segment is engaged in providing MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps. SCS segment provides fully outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting.
DXP ENTERPRISES, INC. 
