DXP Enterprises records 9.5 percent sales gain
DXP Enterprises reported third-quarter sales increased 9.5 percent to $251.9 million, compared to $230.0 million for the third quarter of 2017.
Adjusting for the sale of Vertex, sales increased 13.0 percent year-over-year. Net income of $2.9 million compared to income of $263,000 in the same period last year.
Service Centers’ revenue for the third quarter was $160.9 million, a 5.8 percent increase over the same period in 2016. Adjusting for the sale of Vertex, sales increased 11.0 percent over the same period in 2016.
Innovative Pumping Solutions’ revenue for the quarter was $51.0 million, a 28.1 percent increase year-over-year.
Supply Chain Services’ revenue for the quarter was $40.0 million, a 4.9 percent increase year-over-year.
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.
