Company: DXPE
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001020710-25-000087
Chunk: 5

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 5
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 EBITDA is a non-GAAP measure. Adjusted EBITDA is defined as the sum of consolidated net income in such period, plus to the extent deducted from consolidated net income: (i) income and franchise tax expense, (ii) consolidated interest expense, (iii) amortization and depreciation during such period, (iv) all non-cash charges and adjustments, and (v) non-recurring cash expenses related to the Term Loan; in addition to these adjustments, we exclude, when they occur, the impacts of impairment losses and losses/(gains) on the sale of a business. EBITDA is a tool that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying operations. See pages 37 of our Annual Report on Form 10-K for the year ended December 31, 2024 that has been filed with the SEC for a more detailed reconciliation of Adjusted EBITDA to EBITDA.

#### DXP ENTERPRISES, INC. 2025 PROXY STATEMENT9

#### DXP ENTERPRISES, INC. 2025 PROXY STATEMENT10
Fiscal 2024 Performance by Business Segment and Product Category

Below is a summary of fiscal year 2024 sales, operating income by segment 1. and product category 2 :

Summary Sales and Operating Income by Business Segment

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#### Consolidated Sales by Product Category
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1 Sales by Business Segment : SC = Service Center, IPS = Innovative Pumping Solutions, and SCS = Supply Chain Services

2 Sales by Product Category reflects management estimates as of fiscal year 2024

#### DXP ENTERPRISES, INC. 2025 PROXY STATEMENT11

#### CORPORATE GOVERNANCE HIGHLIGHTS
Our Board of Directors recognizes that DXP's success over the long-term requires a robust framework of corporate governance that serves the best interests of all our shareholders. Below are highlights of our corporate governance framework.

| ☑ |     | Board refreshment remains a focus, as evidenced by the 2021 addition of Karen Hoffman and Kent Yee, 2020 addition of Joseph R. Mannes and the 2016 addition of David Patton, to our Board. |     | ☑ |     | All committees of the Board are comprised exclusively of independent directors.                                                                                                                                                                                                                                                               |
| ☑ |     | All of our directors are elected annually.                                                                                                                                                 |     |