DXP Enterprises Q2 sales up 13.6 percent
DXP Enterprises reported sales of $285.5 million for the second quarter of 2021, an increase of 13.6 percent compared to $251.4 million for the second quarter of 2020.
Net income of $8.1 million, or 40 cents per diluted share, compared to $2.1 million, or 12 cents, for the prior-year period.
During the quarter, sales were $209.5 million for Service Centers, $39.3 million for Supply Chain Services and $36.7 million for Innovative Pumping Solutions.
"I am pleased that DXP’s performance continues to strengthen as we accelerate into the COVID-19 recovery. Our team continued to improve execution in the second quarter, driving sequential sales growth, and gross margin improvement while maintaining cost discipline. As a result of this performance and the team’s execution, we are confident we will continue to position DXP for long-term profitable growth and a positive outlook for the second half of 2021," said David R. Little, chairman and CEO.
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.
