Posted August 16, 2021

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.