Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 33

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
ITEM 1: FINANCIAL STATEMENTS

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 

AND COMPREHENSIVE INCOME

(in thousands, except per share amounts) (unaudited)

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Sales$498,682 $445,556 $975,251 $858,191 Cost of sales340,869 307,763 667,173 596,516 Gross profit157,813 137,793 308,078 261,675 Selling, general and administrative expenses111,827 100,441 221,577 195,192 Income from operations45,986 37,352 86,501 66,483 Interest expense14,744 15,384 29,404 30,928 Other income, net (Note 15)(354)(1,035)(1,672)(3,004)Income before income taxes31,596 23,003 58,769 38,559 Provision for income taxes7,984 6,310 14,568 10,534 Net income 23,612 16,693 44,201 28,025 Preferred stock dividend22 22 45 45 Net income attributable to common shareholders23,590 16,671 44,156 27,980 Net income $23,612 $16,693 $44,201 $28,025 Foreign currency translation adjustments2,563 93 2,649 (521)Comprehensive income $26,175 $16,786 $46,850 $27,504 Earnings per share (Note 9):     Basic$1.50 $1.05 $2.81 $1.75      Diluted$1.43 $1.00 $2.67 $1.66 Weighted average common shares outstanding:     Basic15,694 15,868 15,696 15,998      Diluted16,534 16,708 16,536 16,838  

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

   DXP ENTERPRISES, INC.