DXP Q2 revenue for Innovative Pumping Solutions bumps up 52.6%
DXP Enterprises Inc. announced second quarter sales increased 15.6% to $576.5 million compared to $498.7 million for the second quarter of 2025.
Net income for the quarter increased 21.6% for the second quarter to $28.7 million, compared to $23.6 million for the second quarter of 2025.
Business segment financial highlights:
Service Centers’ revenue for the second quarter was $367.9 million, an increase of 8.3% year-over-year, with a 14.7% operating income margin.
Innovative Pumping Solutions’ revenue for the second quarter was $142.7 million, an increase of 52.6% year-over-year, with a 18.7% operating income margin.
Supply Chain Services’ revenue for the second quarter was $65.8 million, an increase of 0.6% year-over-year, with a 9.9 percent operating income margin.
Chairman and Chief Executive Officer David R. Little said, "DXP delivered a strong second quarter and first half of 2026, with sales of $576.5 million, diluted earnings per share of $1.76, Adjusted EBITDA of $70.4 million, growing 22.8 percent, and free cash flow of $29.8 million. Our results reflect continued execution of our growth strategy, solid organic performance, contribution from recent acquisitions, and sustained strength in EBITDA margins.
"During the quarter, organic sales were $526.6 million, while acquisitions contributed $49.8 million in sales. We also saw continued strength across our business segments, with Service Centers generating $367.9 million in sales, Innovative Pumping Solutions generating $142.7 million, and Supply Chain Services generating $65.8 million. While the macro environment remains uncertain, including fiscal uncertainty, cautious central bank policies, market volatility, and geopolitical concerns, we believe DXP is well positioned to finish the second half of 2026 with momentum.
"We remain focused on executing our strategic initiatives, integrating and pursuing acquisitions, generating strong cash flow, and positioning the Company for continued growth in 2027," he continued. "Overall, we are pleased with our performance, proud of the progress DXP continues to make, and grateful to our customers, suppliers, shareholders, and all of our DXPeople."
Chief Financial Officer and Senior Vice Preside Kent Yee added, "Our second quarter sales and adjusted EBITDA continue to set new high watermarks. Specifically, this quarter reflects continued execution of our strategic goals and the confidence we have in our balanced mix of business, tremendous teams, and a strong balance sheet to support our key initiatives. DXP performed well in the second quarter with $576.5 million in sales.
"We closed four acquisitions through the first half of the year and look forward to closing more during the second half of 2026. Total debt outstanding as of June 30, 2026, was $842.5 million. DXP’s secured leverage ratio or net debt to EBITDA ratio was 2.30:1.0 with a covenant EBITDA of $267.3 million for the last twelve months ending June 30, 2026. We expect to finish fiscal year 2026 with strong momentum."
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