Posted November 5, 2018

DXP Enterprises sales climb 22.3 percent

DXP Enterprises reported that its third-quarter sales increased 22.3 percent to $308.0 million, compared to $251.9 million for the third quarter of 2017.

Organic sales for the quarter increased 17.5 percent year-over-year and acquisitions added $12.1 million in sales.

Net income of $8.4 million, or 46 cents per share, compared to $2.9 million, or 16 cents, in the same period last year.

"In terms of our business segments for the third quarter of 2018, sales were $187.8 million for Service Centers, $76.7 million for Innovative Pumping Solutions and $43.6 million for Supply Chain Services," said David R. Little, chairman and CEO.