Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 72

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 program in August 2024.On August 28, 2024, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to $85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months.Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury stock.The following table represents total number of shares purchased, the amount paid, and the average price paid per share under share repurchase programs authorized by our Board of Directors:Three Months Ended March 31,(in thousands, except per share data)20252024Total number of shares purchased— 326.4 Amount paid$— $16,805 Average price paid per share$— $51.49 

NOTE 14 - SUPPLEMENTAL CASH FLOW INFORMATION

Three Months Ended March 31,(in thousands)20252024Supplemental disclosures of cash flow information:Cash paid for interest$13,695 $14,649 Cash paid for income taxes20,334 14,693 Non-cash investing and financing activities:Treasury shares repurchase accruals$(28)$2,105 

15

NOTE 15 - OTHER INCOME AND EXPENSES

The components of other (income) expense were as followed:Three Months Ended March 31,(in thousands)20252024Interest income(1,032)(1,873)Change in fair value of contingent consideration183 (194)Other, net(469)99 Total(1,318)(1,968)

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.Geographical InformationRevenues are presented in geographic area based on location of the facility shipping products or providing services. The Company’s revenues by geographical location are as follows (in thousands):Three Months Ended March 31,20252024RevenuesUnited States$457,240 $394,880 Canada18,988 17,