Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 2

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 2
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31, 2024 TABLE OF CONTENTS Item Page PART I 1. Business 4 1A. Risk Factors 16 1B. Unresolved Staff Comments 26 1C. Cybersecurity 26 2. Properties 28 3. Legal Proceedings 29 4. Mine Safety Disclosures 29 PART II 5. Market for the Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 30 6. [Reserved] 31 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31 7A. Quantitative and Qualitative Disclosures about Market Risk 44 8. Financial Statements and Supplementary Data 45 Reports of Independent Registered Public Accounting Firm 46 Consolidated Statements of Operations and Comprehensive Income 49 Consolidated Balance Sheets 50 Consolidated Statements of Cash Flows 51 Consolidated Statements of Equity 52 Notes to Consolidated Financial Statements 53 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 78 9A. Controls and Procedures 79 9B. Other Information 79 PART III 10. Directors, Executive Officers, and Corporate Governance 80 11. Executive Compensation 80 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 80 13. Certain Relationships and Related Transactions, and Director Independence 80 14. Principal Accounting Fees and Services 80 PART IV 15. Exhibits, Financial Statement Schedules 81 16. Form 10-K Summary 84 SIGNATURES 84 2

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this “Report”) contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include without limitation those about the Company’s expectations regarding the Company’s business, and the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “might”, “estimates”, “will”, “should”, “could”, “would”, “suspect”, “potential”, “current”, “achieve”, “plans” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy but the absence of these words does not mean that a