Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 100

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 100
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 acquired 3,274 16,046 3,642 — 22,962 Intangible assets acquired 1,193 17,677 560 — 19,430 Total assets acquired 4,467 33,723 4,202 — 42,392 Total liabilities assumed (1,290) (11,886) (167) — (13,343) Net assets acquired 3,177 21,837 4,035 — 29,049 Goodwill $ 5,871 $ 30,495 $ 2,472 $ — $ 38,838 Table of Contents 75

NOTE 17 - COMMITMENTS AND CONTINGENCIES From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While the Company is unable to predict the outcome or estimate the financial impact of these disputes, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on its consolidated financial position, cash flows, or results of operations. NOTE 18 - OTHER INCOME AND EXPENSE, NET The components of other (income) expense, net were as followed: Years Ended December 31, (in thousands) 2024 2023 2022 Interest income $ (4,766) $ (2,680) $ (191) Change in fair value of contingent consideration 745 1,738 2,311 Other, net 504 (413) 596 Other (income) expense, net $ (3,517) $ (1,355) $ 2,716 NOTE 19 - REVENUE The Company disaggregates revenue based upon our geography and our reportable segments - Service Centers, Innovative Pumping Solutions and Supply Chain Services. Each of our geographic and reportable business segments are impacted and influenced by varying factors, including the macroeconomic environment, maintenance and capital spending and commodity prices and exploration and production activity. As such, we believe this information is important in depicting the nature, timing and uncertainty of our contracts with customers. The following Geographical Information and Note 20 - Segment Reporting present our revenue disaggregated by source. Geographical Information Revenues are presented in geographic area based on location of the facility shipping products or providing services. The Company’s revenues by geographical location are as follows (in millions): Years Ended December 31, 2024 2023 2022 Revenues United States $ 1,721 $ 1,602 $ 1,402