Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 35

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 outstanding at June 30, 2025 and 20,402,861 issued and 15,695,088 outstanding at December 31, 2024204 204 Additional paid-in capital217,982 219,511 Retained earnings433,826 389,670 Accumulated other comprehensive loss(30,961)(33,610)Treasury stock, at cost 4,707,773 and 4,707,773 shares, respectively(152,975)(153,003)Total DXP Enterprises, Inc. equity468,092 422,788 Total liabilities and equity$1,412,394 $1,349,494 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) (unaudited)

Six Months Ended June 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES: Net income $44,201 $28,025 Reconciliation of net income to net cash provided by operating activities:Depreciation4,836 4,456 Amortization of intangibles and finance lease assets13,788 11,209 Amortization of debt issuance costs1,927 1,788 Gain on sale of property and equipment(332)— Recovery of credit losses(1,085)(771)Payment of contingent consideration liability in excess of acquisition-date fair value(333)(17)Fair value adjustment on contingent consideration728 (305)Restricted stock compensation expense2,800 2,076 Deferred income taxes7,036 (4,944)Other non-cash items(4,999)(87)Changes in operating assets and liabilities, net of effects of businesses acquired:Accounts receivable(15,972)(3,085)Costs and estimated profits in excess of billings(6,443)5,561 Inventories(4,336)2,548 Prepaid expenses and other assets(3,250)(4,128)Trade accounts payable(3,159)(3,454)Accrued expenses3,675 749 Billings in excess of costs and estimated profits9,823 2,591 Income taxes(27,286)(488)Net cash provided by operating activities$21,619 $