Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 9

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7A
Chunk 9
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,696)Excise tax on share repurchases— — — — — — (519)— (519)Net income— — — — 68,812 — — — 68,812 Balance at December 31, 2023$1 $15 $345 $216,482 $319,271 $(31,240)$(123,995)$— $380,879 Preferred dividends paid— — — — (90)— — — (90)Compensation expense for restricted stock— — — 4,714 — — — — 4,714 Tax related items for share based awards— — — (1,826)— — — — (1,826)Other— — (141)141 — — — — — Currency translation adjustment — — — — — (2,370)— — (2,370)Repurchases of shares— — — — — — (28,783)— (28,783)Excise tax on share repurchases— — — — — — (225)— (225)Net income— — — — 70,489 — — — 70,489 Balance at December 31, 2024$1 $15 $204 $219,511 $389,670 $(33,610)$(153,003)$— $422,788 

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

52

DXP ENTERPRISES INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - THE COMPANY

DXP Enterprises, Inc. together with its subsidiaries (collectively “DXP,” “Company,” “us,” “we,” or “our”) was incorporated in Texas on July 26, 1996. The Company and its subsidiaries are engaged in the business of distributing maintenance, repair and operating (MRO) products, and service to customers serving a variety of end markets. Additionally, the Company provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to energy and industrial customers. The Company is organized into three business segments: Service