Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 48

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 various prior acquisitions and the varying size and number of acquisitions in any comparable period. We account for acquisitions under Accounting Standards Codification 805, Business Combinations ("ASC 805"). Accordingly, the results of acquisitions are included subsequent to their respective acquisition dates and the Company provides detail around Organic and Acquisition Sales as defined in our Key Business Metrics. During the three months ended March 31, 2025, acquisition sales were $31.1 million compared $11.8 million for the three months ended March 31, 2024. 

From time to time, typically based upon a leap year, our comparable business days may not equal each other. There were 63 business days during the three months ended March 31, 2025 and 63 business days during the three months ended March 31, 2024, as such there was no comparability impact this quarter. 

Key Business Metrics

We regularly monitor several financial and operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions. Our key non-GAAP business metrics may be calculated in a different manner than similarly titled metrics used by other companies. See “Non-GAAP Financial Measures and Reconciliations” for additional information on non-GAAP financial measures and a reconciliation to the most comparable U.S. GAAP measures.

Three Months Ended March 31,20252024Sales by Business SegmentService Centers$327,075 $288,435 Innovative Pumping Solutions86,182 62,216 Supply Chain Services63,312 61,984 Total DXP Sales$476,569 $412,635 Acquisition Sales$31,112 $11,775 Organic Sales$445,457 $400,860 Business Days6363Sales per Business Day$7,565 $6,550 Organic Sales per Business Day$7,071 $6,363 Gross Profit$150,265 $123,882 Gross Profit Margin31.5 %30.0 %EBITDA$50,967 $38,637 EBITDA Margin10.7 %9.4 %Adjusted EBITDA$52,519 $40,343 Adjusted EBITDA Margin11.0 %9.8 %Free Cash Flow$(16,941)$24,095 

Organic Sales and Acquisition Sales

We define and calculate organic sales to include locations and acquisitions