DXPE sales rise 7.1 percent
DXP Enterprises said its second quarter sales increased 7.1 percent to $333.3 million, compared to $311.2 million for the second quarter of 2018.
Net income of $13.4 million, or 73 cents a share, compared to $11.5 million, or 63 cents, in the same period last year.
Service Centers’ revenue for the second quarter was $200.0 million, an increase of 3.3 percent year-over-year with an 11.6 percent operating income margin.
Innovative Pumping Solutions’ revenue for the second quarter was $81.0 million, an increase of 9.1 percent year-over-year with a 14.8 percent operating income margin.
Supply Chain Services’ revenue for the second quarter was $52.3 million, an increase of 20.6 percent year-over-year with a 7.2 percent operating income margin.