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October 26, 2007

DXP Enterprises 3Q Organic Growth at 14.5%

DXP Enterprises, Inc., Houston, TX, reported profit of $4.5 million for the third quarter ending Sept. 30, 2007, compared with profit of $2.9 million in the third quarter 2006. Sales increased 56.6% to $106.8 million from $68.2 million for the third quarter of 2006. Sales by the businesses acquired since July 1, 2006, accounted for $28.7 million of the sales increase.
 
Excluding sales by the acquired businesses, sales for the third quarter of 2007 increased 14.5% from the third quarter 2006.
 
Year-to-date profit increased 37.8% to $11.6 million. Sales increased 37.5% to $275.7 million. Sales by the businesses acquired since July 1, 2007, accounted for $52.2 million of the sales increase. Excluding sales of the acquired businesses, sales for the first nine months of 2007 increased 11.5%.
 
DXP Enterprises, Inc. is a distributor of pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies.

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