Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 55

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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12.3 %

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SalesAcquisition SalesOrganic SalesSix Months Ended June 30, 2025Service Centers$666,806 $33,496 $633,310 Innovative Pumping Solutions179,722 22,221 157,501 Supply Chain Services128,723 — 128,723 Total Sales$975,251 $55,717 $919,534 Six Months Ended June 30, 2024Service Centers$594,952 $10,219 $584,733 Innovative Pumping Solutions135,592 24,959 110,633 Supply Chain Services127,647 — 127,647 Total Sales$858,191 $35,178 $823,013 $ ChangeService Centers$71,854 $23,277 $48,577 Innovative Pumping Solutions44,130 (2,738)46,868 Supply Chain Services1,076 — 1,076 Total $ Change$117,060 $20,539 $96,521 % ChangeService Centers12.1 %227.8 %8.3 %Innovative Pumping Solutions32.5 %(11.0)%42.4 %Supply Chain Services0.8 %N/A0.8 %Total % Change13.6 %58.4 %11.7 %

NOTE 17 - SUBSEQUENT EVENT

On July 1, 2025 the Company entered into an Increase Agreement (the “Increase Agreement”) that provided for a $185.0 million asset-backed revolving line of credit (the "ABL Revolver"). The aggregate commitments under the Company’s existing asset-based revolving credit facility (the “ABL Facility”) were increased by $50 million. Following the effectiveness of the Increase Agreement, the total commitments under the ABL Facility increased from $135 million to $185 million.On July 1, 2025, the Company completed the acquisition of Moore's Pump & Services. The acquisition was funded with cash on the balance sheet.

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ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following management discussion and analysis ("MD&A") of the financial condition and results of operations of DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," "Company," "us," "