Q1 sales up 9.5% for DXP, with Innovative Pumping Solutions revenue climbing 37.7% YoY
DXP Enterprises Inc. announced first-quarter sales of $521.7 million, a 9.5% year-over-year increase.
Net income for the quarter was $20.0 million, compared to $20.6 million for the first quarter of 2025.
Its Innovative Pumping Solutions’ revenue for the first quarter was $118.7 million, an increase of 37.7% year-over-year, with an 18.3% operating income margin.
DXP Service Centers’ revenue for the first quarter was $338.0 million, an increase of 3.3% year-over-year, with a 14.7% operating income margin. And Supply Chain Services’ revenue for the first quarter was $65.0 million, an increase of 2.7% year-over-year, with a 9.9% operating income margin.
"The company posted first quarter financial results, delivering solid sales, adjusted EBITDA, earnings per share and free cash flow," said Chairman and CEO David R. Little. "First quarter results reflect the continued execution of our growth strategy. This resulted in operating leverage that produced diluted earnings per share of $1.22. DXP’s fiscal year 2026 first quarter sales were $521.7 million, or a 9.5% growth over the same period in 2025. Adjusted EBITDA was $57.8 million in the quarter. During the first quarter of 2026, sales were $338.0 million for Service Centers, $118.7 million for Innovative Pumping Solutions, and $65.0 million for Supply Chain Services. Overall, we are pleased with our performance and the progress DXP continues to make as a growth company."
Chief Financial Officer and Senior Vice President Kent Yee added, "DXP performed well in the quarter with $521.7 million in sales. We closed three acquisitions through the first quarter. This quarter's financial results reflect continued execution of our strategic goals and the impact of our diversification efforts, and a strong balance sheet to support our key initiatives. Total debt outstanding as of March 31, 2026, was $844.7 million. DXP’s secured leverage ratio or net debt to EBITDA ratio was 2.59:1.0 with a covenant EBITDA of $243.9 million for the last twelve months ending March 31, 2026. We expect to continue fiscal year 2026 with strong momentum."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Pack-n-Tape. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
