Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 47

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 impacts of all potentially dilutive securities.The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data): Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Basic earnings per share:  Weighted average shares outstanding15,686 15,750 15,693 15,915 Net income attributable to DXP Enterprises, Inc.$21,631 $21,101 $65,832 $49,126 Convertible preferred stock dividend23 23 68 68 Net income attributable to common shareholders$21,608 $21,078 $65,764 $49,058 Per share amount$1.38 $1.34 $4.19 $3.08 Diluted earnings per share:Weighted average shares outstanding15,686 15,750 15,693 15,915 Assumed conversion of convertible preferred stock840 840 840 840 Total dilutive shares16,526 16,590 16,533 16,755 Net income attributable to common shareholders$21,608 $21,078 $65,764 $49,058 Convertible preferred stock dividend23 23 68 68 Net income attributable to DXP Enterprises, Inc. $21,631 $21,101 $65,832 $49,126 Per share amount$1.31 $1.27 $3.98 $2.93 As of September 30, 2025 and 2024, the weighted average of the unvested restricted stock awards were 241,742 and 301,620 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome or estimate the financial impact of these disputes, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP's consolidated financial position, cash flows, or results of operations.

NOTE 11 - SEGMENT REPORTING

We have three reportable and operating segments: Service Centers, Innovative Pumping Solutions and Supply Chain Services.The Service Centers segment is engaged in providing maintenance, M