DXP Enterprises reports 11.9% sales increase YoY
DXP Enterprises Inc. announced it sales increased 11.9% to $498.7 million compared to $445.6 million for the second quarter of 2024 and increased 4.6% sequentially from $476.6 million for the first quarter of 2025.
Net income increased 41.3% for the second quarter to $23.6 million, compared to $16.7 million for the second quarter of 2024 and $20.6 million for the first quarter of 2025.
Business segment financial highlights:
Service Centers’ revenue for the second quarter was $339.7 million, an increase of 10.8% year-over-year, with a 14.8% operating income margin.
Innovative Pumping Solutions’ revenue for the second quarter was $93.5 million, an increase of 27.5% year-over-year, with a 19.9% operating income margin.
Supply Chain Services’ revenue for the second quarter was $65.4 million, a decrease of 0.4% year-over-year, with a 8% operating income margin.
"Second quarter results reflect the execution of our growth strategy and the resilience and durability of DXP’s business," said Chairman and CEO David R. Little. "We are pleased with our sequential and year-over-year sales growth and strength in our gross profit margins. This resulted in operating leverage that produced earnings per share of $1.43. DXP’s second quarter 2025 sales were $498.7 million, or a 4.6% increase over the first quarter of 2025 and 11.9% increase over 2024. Sequential organic sales for the quarter increased 12.3% or $51.9 million and acquisitions added another $24.6 million in sales during Q2. Adjusted EBITDA grew $4.8 million, or 9.2% over the first quarter of 2025. During the second quarter of 2025, sales were $339.7 million for Service Center, $93.5 million for Innovative Pumping Solutions, and $65.4 million for Supply Chain Services. Overall, we are very pleased with our performance and the progress DXP continues to make as a growth company, and we are excited to enter the second half of 2025.”
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. 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.
