Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 53

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 completed the program in August 2024.On August 28, 2024, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to $85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months.

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Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury stock.The following table represents total number of shares purchased, the amount paid, and the average price paid per share under share repurchase programs authorized by our Board of Directors:Three Months Ended June 30,Six Months Ended June 30,(in thousands, except per share data)2025202420252024Total number of shares purchased— 139.4 — 465.8 Amount paid$— $6,992 $— $23,798 Average price paid per share$— $50.15 $— $51.09 

NOTE 14 - SUPPLEMENTAL CASH FLOW INFORMATION

Six Months Ended June 30,(in thousands)20252024Supplemental disclosures of cash flow information:Cash paid for interest$26,698 $29,140 Cash paid for income taxes33,948 15,456 Non-cash investing and financing activities:Treasury shares repurchase accruals$(28)$— 

NOTE 15 - OTHER INCOME AND EXPENSES

The components of other (income) expense were as follows:Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Interest income(765)(1,192)(1,797)(3,065)Change in fair value of contingent consideration545 (111)728 (305)Other, net(134)268 (603)366 Total(354)(1,035)(1,672)(3,004)

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NOTE 16 - REVENUE

The Company disaggregates revenue based upon our geography and our reportable segments - Service Centers, Innovative Pumping Solutions and Supply Chain Services. Each of our geographic and reportable business segments are impacted and influenced by varying factors, including the macroeconomic environment, maintenance and capital spending and commodity prices and exploration and production activity. As such, we believe this information is important in depicting the nature, timing and uncertainty of our contracts with customers. The following Geographical Information and Note 11 - Segment Reporting present our revenue disaggregated by source