Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 50

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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, and manufactures branded private label pumps. The SCS segment provides a wide range of MRO products and manages all or part of our customer's supply chain function, and inventory management.

 Three Months Ended March 31, 2025 compared to Three Months Ended March 31, 2024

 Three Months Ended March 31, 2025%2024%Sales$476,569 100.0%$412,635 100.0%Cost of sales326,304 68.5%288,753 70.0%Gross profit150,265 31.5%123,882 30.0%Selling, general and administrative expenses109,750 23.0%94,751 23.0%Income from operations40,515 8.5%29,131 7.1%Interest expense14,660 3.1%15,544 3.8%Other income, net(1,318)(0.3)%(1,968)(0.5)%Income before income taxes27,173 5.7%15,555 3.8%Provision for income tax expense6,584 1.4%4,223 1.0%Net income $20,589 4.3%$11,332 2.7%Earnings per share:Basic$1.31 $0.70 Diluted$1.25 $0.67 

SALES. Sales for the three months ended March 31, 2025 increased $63.9 million, or 15.5 percent, to approximately $476.6 million from $412.6 million for the prior year's corresponding period. The overall increase in sales was the result of an increase in sales in our SC, IPS, and SCS segments of $38.6 million, $24.0 million, and $1.3 million, respectively. The fluctuations in sales are further explained in our business segment discussions below.

 Three Months Ended March 31, 20252024ChangeChange%Sales by Business Segment  Service Centers$327,075 $288,435 $38,640 13.4 %Innovative Pumping Solutions86,182 62,216 23,966 38.5 %Supply Chain Services 63,312 61,984 1,328 2.1 %Total DXP Sales$476,569 $412