Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 41

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 reportable segments.The following table sets out financial information related to the Company's segments excluding amortization (in thousands):Three Months Ended March 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2025    Total Revenue$327,075 $86,182 $63,312 $476,569 Operating income for reportable segments47,045 13,406 5,564 66,015 Identifiable assets at year end782,602 319,897 88,481 1,190,980 Capital expenditures2,037 574 — 2,611 Depreciation937 795 8 1,740 Amortization of finance leases$1,137 $192 $41 $1,370 Three Months Ended March 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2024    Total Revenue$288,435 $62,216 $61,984 $412,635 Operating income for reportable segments40,320 6,970 5,262 52,552 Identifiable assets at year end666,756 261,967 86,850 1,015,573 Capital expenditures906 640 13 1,559 Depreciation742 853 8 1,603 Amortization of finance leases$772 $94 $30 $896 

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The following table presents reconciliations of income from operations for reportable segments to the consolidated income before taxes (in thousands): Three Months Ended March 31, 20252024Income from operations for reportable segments$66,015 $52,552 Adjustment for:Amortization of intangible assets5,355 4,369 Corporate expenses20,145 19,052 Income from operations$40,515 $29,131 Interest expense14,660 15,544 Other income, net(1,318)(1,968)Income before income taxes$27,173 $15,555 Corporate expenses includes selling, general, and administrative expenses, amortization of finance leases, and other expenses that are not directly attributable to a reportable segment. The Company had capital expenditures at corporate of $17.3 million and $1.3 million for the periods ended March 31, 2025 and 2024, respectively.The Company had identifiable assets at corporate of $191.