Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 32

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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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 September 30,Nine Months Ended September 30, 2025202420252024Sales$513,724 $472,935 $1,488,975 $1,331,126 Cost of sales352,465 326,825 1,019,638 923,341 Gross profit161,259 146,110 469,337 407,785 Selling, general and administrative expenses117,561 106,502 339,138 301,694 Income from operations43,698 39,608 130,199 106,091 Interest expense14,894 15,716 44,298 46,644 Other (income) expense, net (Note 15)(648)160 (2,320)(2,844)Income before income taxes29,452 23,732 88,221 62,291 Provision for income taxes7,821 2,631 22,389 13,165 Net income 21,631 21,101 65,832 49,126 Preferred stock dividend23 23 68 68 Net income attributable to common shareholders$21,608 $21,078 $65,764 $49,058 Net income $21,631 $21,101 $65,832 $49,126 Foreign currency translation adjustments(709)380 1,940 (141)Comprehensive income $20,922 $21,481 $67,772 $48,985 Earnings per share (Note 9):     Basic$1.38 $1.34 $4.19 $3.08      Diluted$1.31 $1.27 $3.98 $2.93 Weighted average common shares outstanding:     Basic15,686 15,750 15,693 15,915      Diluted16,526 16,590 16,533 16,755  

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