Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 81

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 of Acquisition Sales and Organic Sales to the most comparable U.S. GAAP financial measure (in thousands):

Three Months Ended March 31,20252024Service Centers$327,075 $288,435 Innovative Pumping Solutions86,182 62,216 Supply Chain Services63,312 61,984 Total DXP Sales$476,569 $412,635 Acquisition Sales$31,112 $11,775 Organic Sales$445,457 $400,860 

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EBITDA, Adjusted EBITDA, EBITDA Margin, and Adjusted EBITDA Margin

We define and calculate EBITDA as Net income attributable to DXP Enterprises, Inc., plus interest, taxes, depreciation, and amortization. We define and calculate Adjusted EBITDA as Net income attributable to DXP Enterprises, Inc., plus interest, taxes, depreciation, and amortization minus stock-based compensation expense and all other non-cash charges, adjustments, and non-recurring items. We identify the impact of all other non-cash charges, adjustments and non-recurring items because we believe these items do not directly reflect our underlying operations.

We define and calculate EBITDA Margin as EBITDA divided by sales. We define and calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by sales.

The following table sets forth the reconciliation of EBITDA, EBITDA Margin, Adjusted EBITDA, and Adjusted EBITDA Margin to the most comparable U.S. GAAP financial measure (in thousands):

Three Months Ended March 31,20252024Net income attributable to DXP Enterprises, Inc.$20,589 $11,332 Plus: Interest expense14,660 15,544 Plus: Provision for income tax expense6,584 4,223 Plus: Depreciation and amortization9,134 7,538 EBITDA$50,967 $38,637 Plus: other non-recurring items(1)235 842 Plus: stock compensation expense1,317 864 Adjusted EBITDA$52,519 $40,343 Operating Income Margin8.5 %7.1 %EBITDA Margin10.7 %9.4 %Adjusted EBITDA Margin11.0 %9.8 %(1) Other non-recurring items includes unique acquisition integration costs and other non-cash, non-re