Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 93

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 93
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 following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data): December 31, 2024 2023 2022 Basic earnings per share: Weighted average shares outstanding 15,861 16,870 18,631 Net income attributable to DXP Enterprises, Inc. $ 70,489 $ 68,812 $ 48,155 Series B convertible preferred stock dividend (90) (90) (90) Net income attributable to common shareholders 70,399 68,722 48,065 Per share amount $ 4.44 $ 4.07 $ 2.58 Diluted earnings per share: Weighted average shares outstanding 15,861 16,870 18,631 Assumed conversion of convertible preferred stock 840 840 840 Total dilutive shares 16,701 17,710 19,471 Net income attributable to common shareholders $ 70,399 $ 68,722 $ 48,065 Series B convertible preferred stock dividend 90 90 90 Net income attributable to DXP Enterprises, Inc. 70,489 68,812 48,155 Per share amount $ 4.22 $ 3.89 $ 2.47 Basic earnings per share have been computed by dividing net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding during the period and excludes dilutive securities. Diluted earnings per share reflects the potential dilution that could occur if the preferred stock was converted into common stock. Restricted stock is considered a participating security and is included in the computation of basic earnings per share as if vested. For the year ended December 31, 2024, 2023, and 2022, the weighted average of the unvested RSAs were 302.8 thousand, 270.2 thousand, and 144.3 thousand shares respectively. The preferred stock is convertible into 840,000 shares of common stock. Table of Contents 70

NOTE 13 – CAPITAL STOCK The Company has Series A and Series B preferred stock of 1,222 shares and 15,000 shares issued and outstanding as of December 31, 2024, 2023 and 2022, respectively. The preferred stock did not have any activity during 2024, 2023 and 2022. Series A Preferred Stock The holders of Series A preferred stock are entitled to one-tenth of a vote per share on