Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 9

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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$975,251 100.0%$858,191 100.0%Cost of sales667,173 68.4%596,516 69.5%Gross profit308,078 31.6%261,675 30.5%Selling, general and administrative expenses221,577 22.7%195,192 22.7%Income from operations86,501 8.9%66,483 7.7%Interest expense29,404 3.0%30,928 3.6%Other (income) expense, net(1,672)(0.2)%(3,004)(0.4)%Income before income taxes58,769 6.0%38,559 4.5%Provision for income taxes 14,568 1.5%10,534 1.2%Net income$44,201 4.5%$28,025 3.3%Earnings per share:Basic$2.81 $1.75 Diluted$2.67 $1.66 

The following table sets forth the reconciliation of Acquisition Sales and Organic Sales to the most comparable U.S. GAAP financial measure (in thousands):

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.