Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 39

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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b) fixed charges. The Company is restricted from allowing its fixed charge coverage ratio be less than 1.00 to 1.00 during a compliance period, which is triggered when the availability under the ABL Revolver falls below a threshold set forth in the ABL Credit Agreement. As of March 31, 2025, the Company's Fixed Charge Coverage Ratio was 1.88 to 1.00.The Company was in compliance with all financial covenants as of March 31, 2025.

11

As of March 31, 2025, the maturities of long-term debt for the next five years and thereafter were as follows (in thousands):Amount2025$4,971 20266,595 20276,595 20286,595 20297,095 Thereafter615,402 Total$647,253 

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 March 31, 20252024Basic earnings per share: Weighted average shares outstanding15,698 16,128 Net income attributable to DXP Enterprises, Inc.$20,589 $11,332 Convertible preferred stock dividend23 23 Net income attributable to common shareholders$20,566 $11,309 Per share amount$1.31 $0.70 Diluted earnings per share:Weighted average shares outstanding15,698 16,128 Assumed conversion of convertible preferred stock840 840 Total dilutive shares16,538 16,968 Net income attributable to common shareholders$20,566 $11,309 Convertible preferred stock dividend23 23 Net income attributable to DXP Enterprises, Inc. $20,589 $11,332 Per share amount$1.25 $0.67 As of March 31, 2025 and 2024, the weighted average of the unvested restricted stock awards ("RSAs") were 302,647 and 296,425 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

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