Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 47

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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,595 20297,095 Thereafter615,401 Total$645,629 

12

NOTE 9 - EARNINGS PER SHARE

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the 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 June 30,Six Months Ended June 30, 2025202420252024Basic earnings per share:  Weighted average shares outstanding15,694 15,868 15,696 15,998 Net income attributable to DXP Enterprises, Inc.$23,612 $16,693 $44,201 $28,025 Convertible preferred stock dividend22 22 45 45 Net income attributable to common shareholders$23,590 $16,671 $44,156 $27,980 Per share amount$1.50 $1.05 $2.81 $1.75 Diluted earnings per share:Weighted average shares outstanding15,694 15,868 15,696 15,998 Assumed conversion of convertible preferred stock840 840 840 840 Total dilutive shares16,534 16,708 16,536 16,838 Net income attributable to common shareholders$23,590 $16,671 $44,156 $27,980 Convertible preferred stock dividend22 22 45 45 Net income attributable to DXP Enterprises, Inc. $23,612 $16,693 $44,201 $28,025 Per share amount$1.43 $1.00 $2.67 $1.66 As of June 30, 2025 and 2024, the weighted average of the unvested restricted stock awards ("RSAs") were 258,121 and 300,872 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