Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 34

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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404,367 issued and 15,677,406 outstanding at September 30, 2025 and 20,402,861 issued and 15,695,088 outstanding at December 31, 2024204 204 Additional paid-in capital219,329 219,511 Retained earnings455,434 389,670 Accumulated other comprehensive loss(31,670)(33,610)Treasury stock, at cost 4,726,961 and 4,707,773 shares, respectively(154,974)(153,003)Total DXP Enterprises, Inc. equity488,339 422,788 Total liabilities and equity$1,444,454 $1,349,494 

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

4

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) (unaudited)

Nine Months Ended September 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES: Net income $65,832 $49,126 Reconciliation of net income to net cash provided by operating activities:Depreciation7,646 6,821 Amortization of intangibles and finance lease assets20,898 17,564 Amortization of debt issuance costs2,908 2,678 Gain on sale of property and equipment(426)— Recovery of (provision for) credit losses74 (783)Payment of contingent consideration liability in excess of acquisition-date fair value(459)(108)Fair value adjustment on contingent consideration932 380 Restricted stock compensation expense4,278 3,398 Deferred income taxes23,503 (10,376)Other non-cash items(8,142)152 Changes in operating assets and liabilities, net of effects of businesses acquired:Accounts receivable(33,346)(12,325)Costs and estimated profits in excess of billings(6,914)(7,392)Inventories(1,332)1,130 Prepaid expenses and other assets(9,867)772 Trade accounts payable6,766 1,323 Accrued expenses16,947 11,894 Billings in excess of costs and estimated profits3,989 2,410 Income taxes(36,782)3,