Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 105

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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ic SalesSix Months Ended June 30, 2025Service Centers$666,806 $33,496 $633,310 Innovative Pumping Solutions179,722 22,221 157,501 Supply Chain Services128,723 — 128,723 Total Sales$975,251 $55,717 $919,534 Six Months Ended June 30, 2024Service Centers$594,952 $10,219 $584,733 Innovative Pumping Solutions135,592 24,959 110,633 Supply Chain Services127,647 — 127,647 Total Sales$858,191 $35,178 $823,013 $ ChangeService Centers$71,854 $23,277 $48,577 Innovative Pumping Solutions44,130 (2,738)46,868 Supply Chain Services1,076 — 1,076 Total $ Change$117,060 $20,539 $96,521 % ChangeService Centers12.1 %227.8 %8.3 %Innovative Pumping Solutions32.5 %(11.0)%42.4 %Supply Chain Services0.8 %N/A0.8 %Total % Change13.6 %58.4 %11.7 %

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SALES. Sales for the six months ended June 30, 2025 increased $117.1 million, or 13.6 percent, to approximately $975.3 million from $858.2 million for the prior year's corresponding period, of which acquisitions contributed $55.7 million. Additionally, the overall increase in sales was the result of an increase in sales within our SC, IPS, and SCS segments of $71.9 million, $44.1 million, and $1.1 million, respectively. The fluctuations in sales are further explained in our business segment discussions below.

GROSS PROFIT. Gross profit margin for the six months ended June 30, 2025 was 31.6 percent compared to 30.5 percent for the prior year's corresponding period. The gross profit margin for the six months ended June 30, 2025 was positively impacted by 110 basis points due to recent acquisitions and continuing margin expansion opportunities.

Service Centers segment. Sales for the SC segment increased by $71.9 million, or 12