DXP Enterprises revenues up 8.8 percent
DXP Enterprises reported first-quarter sales increased 8.8 percent to $311.2 million, compared to $285.9 million for the first quarter of 2018.
Net income of $7.3 million, or 40 cents per share, compared to $4.5 million, or 24 cents, the first quarter of last year.
"The oil and gas and industrial economy continues to remain firm with all key indicators remaining positive. During the first quarter, we achieved 8.8 percent organic sales growth and believe we continue to expand our leading market positions across our business segments," said David R. Little, chairman and CEO.
Service Centers revenue for the first quarter was $186.2 million, an increase of 6.2 percent year-over-year with a 10.2 percent operating income margin.
Innovative Pumping Solutions revenue for the first quarter was $74.7 million, an increase of 10.5 percent year-over-year with a 9.1 percent operating income margin.
Supply Chain Services revenue for the first quarter was $50.3 million, an increase of 17.2 percent year-over-year with an 8.1 percent operating income margin.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
