Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 9

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 9
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ing Solutions (“IPS”) segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to meet the capital equipment needs of our global customer base. The following chart represents financial information for the last three years and the key end markets our IPS segment currently serves: Innovative Pumping Solutions’ Financial Summary and End Markets ______________________________________________________________________________________________________ IPS Sales $323 Million Oil & Gas 45% Water 24% General Ind. 16% Other 15% ($ in millions) 2024 2023 2022 Sales $ 323 $ 219 $ 199 Operating Income $ 54 $ 35 $ 25 % Margin 16.6 % 16.1 % 12.5 % EBITDA $ 58 $ 39 $ 36 % Margin 18.0 % 17.8 % 18.1 % IPS Employees 462 383 337 ______________________________________________________________________________________________________ Additionally, our IPS segment provides project solutions and capital equipment to the water and wastewater treatment markets including potable water, bio-solid and residual management and wastewater treatment. Our IPS segment provides a single source for design, engineering, project management and systems design and fabrication for unique customer specifications. Our sales of integrated pump packages, remanufactured pumps or branded private label pumps are generally derived from customer purchase orders containing the customers’ unique specifications. Sales are directly solicited from customers by our dedicated sales force. The Company's engineering staff can design a complete custom pump package to meet our customers’ project specifications. Drafting programs such as SolidWorks and AutoCAD® allow our engineering team to verify the design and layout of packages with our customers prior to the start of fabrication. Finite Elemental Analysis programs such as Cosmos Professional are used to design the package to meet all normal and future loads and forces. This process helps maximize the pump packages’ life and minimizes any impact to the environment. With over 100 years of fabrication experience, the Company has acquired the technical expertise to ensure that our pumps and pump packages are built to meet the highest standards. The Company utilizes manufacturer authorized equipment and manufacturer certified personnel. Pump packages require MRO products and original equipment manufacturers’ (OEM) equipment such as pumps, motors, valves, and consumable products such as welding supplies. The Company leverages its MRO product inventories and breadth of authorized products to lower the total cost and maintain the quality of our pump packages. At December 31, 2024, the Innovative Pumping Solutions segment operated out of 32 facilities