Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 12

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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ix Months Ended June 30,2025202420252024Sales by Business SegmentService Centers$339,731 $306,516 $666,806 $594,952 Innovative Pumping Solutions93,540 73,377 179,722 135,592 Supply Chain Services65,411 65,663 128,723 127,647 Total DXP Sales$498,682 $445,556 $975,251 $858,191 Acquisition Sales$24,605 $23,403 $55,717 35,178 Organic Sales$474,077 $422,153 $919,534 $823,013 

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 June 30,Six Months Ended June 30,2025202420252024Net income attributable to DXP Enterprises, Inc.$23,612 $16,693 $44,201 $28,025 Plus: Interest expense14,744 15,384 29,404 30,928 Plus: Provision for income tax expense7,984 6,310 14,568 10,534 Plus: Depreciation and amortization9,490 8,127 18,624 15,665 EBITDA$55,830 $46,514 $106,797 $85,152 Plus: other non-recurring items(