Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 92

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 92
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 on the same basis that our Chief Executive Officer, who is our chief operating decision maker (“CODM”), manages the segments, evaluates financial results, and makes key operating decisions.These segments were determined primarily on the distribution channels of the products and services offered and the nature of the customer markets and the primary driver of the customers spend. The Company's CODM directs the allocation of resources to these segments based upon historical and current revenue, direct operating expenses, operating income, and capital expenditures of each respective segment. The allocation of resources across these segments is dependent upon, among other factors, the segments' historical or future expected operating margins; the segments' historical or future expected returns on capital; outlook within a specific market; opportunities to grow profitability; new products, services or new customer accounts; confidence in management; and competitive landscape and intensity. As a part of the Company's annual business planning, the CODM reviews our reportable segment composition and financial performance. As a result of this review, on January 1st, 2024, we moved certain branch locations previously reported under our IPS segment to our SC segment. Prior period segment disclosures have been recast.The following table sets out financial information related to the Company’s segments (in thousands):Years Ended December 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2024    Total Revenue$1,222,599 $323,026 $256,415 $1,802,040 Operating income for reportable segments$174,995 $53,736 $21,742 $250,473 Identifiable assets at year end$764,533 $311,429 $62,760 $1,138,722 Capital expenditures$4,423 $2,586 $13 $7,022 Depreciation$3,142 $3,379 $32 $6,553 Amortization of finance leases$3,594 $508 $133 $4,235  Years Ended December 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2023    Total Revenue$1,199,501 $218,731 $260,368 $1,678,600 Operating income for reportable segments$172,095 $35,147 $21,522 $228,764 Identifiable assets at year end$660,209 $233,552 $62,610 $956