Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 56

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 56
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799 Net income70,489 68,812 48,102 Net loss attributable to noncontrolling interest— — (53)Net income attributable to DXP Enterprises, Inc.70,489 68,812 48,155 Preferred stock dividend90 90 90 Net income attributable to common shareholders$70,399 $68,722 $48,065 Net income$70,489 $68,812 $48,102 Foreign currency translation adjustments(2,370)435 (2,393)Comprehensive income$68,119 $69,247 $45,709 Earnings per share (Note 12):    Basic$4.44 $4.07 $2.58     Diluted $4.22 $3.89 $2.47 Weighted average common shares outstanding:    Basic15,861 16,870 18,631     Diluted16,701 17,710 19,471 

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

49

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts) December 31, 2024December 31, 2023ASSETS  Current assets:  Cash$148,320 $173,120 Restricted cash91 91 Accounts receivable, net of allowance of $5,172 and $5,584, respectively339,365 311,171 Inventories103,113 103,805 Costs and estimated profits in excess of billings50,735 42,323 Prepaid expenses and other current assets20,250 18,044 Total current assets661,874 648,554 Property and equipment, net81,556 61,618 Goodwill452,343 343,991 Other intangible assets, net85,679 63,895 Operating lease right of use assets, net46,569 48,729 Other long-term assets21,473 10,649 Total assets$1,349,494 $1,177,436 LIABILITIES AND EQUITY Current liabilities: Current maturities of debt$6,595 $5,500 Trade accounts payable103,728 96,469 Accrued wages and