Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 68

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 Thereafter615,402 Total$647,253 

NOTE 9 - EARNINGS PER SHARE

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data): Three Months Ended March 31, 20252024Basic earnings per share: Weighted average shares outstanding15,698 16,128 Net income attributable to DXP Enterprises, Inc.$20,589 $11,332 Convertible preferred stock dividend23 23 Net income attributable to common shareholders$20,566 $11,309 Per share amount$1.31 $0.70 Diluted earnings per share:Weighted average shares outstanding15,698 16,128 Assumed conversion of convertible preferred stock840 840 Total dilutive shares16,538 16,968 Net income attributable to common shareholders$20,566 $11,309 Convertible preferred stock dividend23 23 Net income attributable to DXP Enterprises, Inc. $20,589 $11,332 Per share amount$1.25 $0.67 As of March 31, 2025 and 2024, the weighted average of the unvested restricted stock awards ("RSAs") were 302,647 and 296,425 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP 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 DXP's consolidated financial position, cash flows, or results of operations.

NOTE 11 - SEGMENT REPORTING

We have three reportable and operating segments: Service Centers, Innovative Pumping Solutions and Supply Chain Services.

12

The Service Centers segment is engaged in providing maintenance, MRO products and equipment, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply,