DXP Enterprises sales climb 24.1 percent
DXP Enterprises reported second-quarter sales increased 24.1 percent to $311.2 million, compared to $250.7 million for the second quarter of 2017.
Net income of $11.5 million, or 63 cents per diluted share, compared to $4.1 million, or 23 cents, in the same quarter last year.
Service Centers’ revenue for the second quarter was $193.6 million, an increase of 17.5 percent year-over-year with an 11.3 percent operating income margin. Organic sales increased 10.0 percent year-over-year.
Innovative Pumping Solutions’ revenue for the second quarter was $74.3 million, an increase of 67.0 percent year-over-year with a 12.1 percent operating income margin.
Supply Chain Services’ revenue for the second quarter was $43.4 million, an increase of 4.6 percent year-over-year with a 9.8 percent operating income margin.