Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 70

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2024    Total Revenue$288,435 $62,216 $61,984 $412,635 Operating income for reportable segments40,320 6,970 5,262 52,552 Identifiable assets at year end666,756 261,967 86,850 1,015,573 Capital expenditures906 640 13 1,559 Depreciation742 853 8 1,603 Amortization of finance leases$772 $94 $30 $896 

13

The following table presents reconciliations of income from operations for reportable segments to the consolidated income before taxes (in thousands): Three Months Ended March 31, 20252024Income from operations for reportable segments$66,015 $52,552 Adjustment for:Amortization of intangible assets5,355 4,369 Corporate expenses20,145 19,052 Income from operations$40,515 $29,131 Interest expense14,660 15,544 Other income, net(1,318)(1,968)Income before income taxes$27,173 $15,555 Corporate expenses includes selling, general, and administrative expenses, amortization of finance leases, and other expenses that are not directly attributable to a reportable segment. The Company had capital expenditures at corporate of $17.3 million and $1.3 million for the periods ended March 31, 2025 and 2024, respectively.The Company had identifiable assets at corporate of $191.5 million and $168.6 million as of March 31, 2025 and 2024, respectively. Corporate depreciation was $0.6 million and $0.6 million for the periods ended March 31, 2025 and 2024, respectively.Amortization of finance leases for Corporate was $0.1 million and $0.1 million for the years ended March 31, 2025 and 2024, respectively.

NOTE 12 - BUSINESS ACQUISITIONS

The Company enters into strategic acquisitions in an effort to better service existing customers and to attract new customers.The Company makes an initial allocation of the purchase price at the date of acquisition based upon its estimate of the fair value of the acquired assets and assumed liabilities. The Company obtains the information used for the purchase price allocation during due diligence