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DXP Enterprises Sales up 38% in First Quarter

DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, reported first-quarter sales of $252.3 million, an increase of 37.8 percent compared to the same period a year ago. Profit improved 83.3 percent to $11.6 million.

All three business segments posted year-over-year sales increases. Service Centers sales grew 28.8 percent, while Supply Chain Services posted an increase of 24.1 percent. Sales for Innovative Pumping Solutions grew 136.3 percent year over year.

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