Sales during the quarter were $428.0 million, a healthy increase over the $367.8 million reported during 2Q 2023.
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David Molero is a certified public accountant with over 17 years of experience in accounting within a public company environment, DXP says.
After a strong fiscal 2022, DXP is off to a fast start in 2023.
Riordan Materials Corporation and Florida Valve & Equipment Corp. and Environmental MD serve municipal water and wastewater treatment markets.
DXP's 38.6% year-over-year sales growth in 4Q followed 33.8% growth in 3Q.
The distributor said the added funds will enable it to reinvest in the business and pursue further organic growth and targeted acquisitions.
The distributor's 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year's 2Q.
DXP Enterprises ranked No. 23 among Industrial Distributors in MDM's 2022 Top Distributor list.
New markets and overhauled operations are producing major dividends at leading distributors DXP Enterprises, NOW Inc. and MRC Global.
Despite impressive first-quarter sales and profit numbers for major distributors, stakeholders may still notice a hint of caution in the air as the calendar turns to summer. Download MDM's May 2022 Premium Monthly issue to read more.
In May, the packaging and jan/san distributor notched its 50th acquisition under current leadership. Weeks earlier, private equity firm Advent International agreed to acquire a large stake in the company.
Impressive sales and profits for MRC Global, DNOW and DXP Enterprises are nearly back to or already exceed their pre-pandemic levels.
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
DXP Enterprises, Inc. says the deal adds scale and complements the company’s previous air compressor acquisitions.
The company’s recent choices raise the question: Will other similar distributors reduce their exposure to volatile energy markets?
DXP Enterprises, Inc. reported 2021 sales of $1.1 billion after closing three acquisitions during the year.
DXP Enterprises, Inc. says it has completed acquisitions of Drydon Equipment, Inc. and Burlingame Engineers.
DXP’s CEO said the Premier Water deal was a “nice addition” to its purchase of Florida-based Carter & Verplanck in May.
The MRO and industrial distributor DXP Enterprises Inc. did post a small profit in the quarter as the company continues to see challenges stemming from COVID-19.
The addition of Carter & Verplanck will help DXP create a platform to scale its national water and wastewater efforts.
