Houston-based pumping solutions and industrial supplies distributor DXP Enterprise reported its 2025 second quarter financial results on Aug. 6, which showed continued strong year-over-year and sequential sales growth as the company said it plans to pursue more acquisitive growth in the second half of the year.

DXP posted 2Q sales of $499 million, up 11.9% year-over-year and up 4.6% from 1Q. Organic sales grew 12.3% year-over-year and 6.4% sequentially, while acquisitions contributed $24.6 million in sales.

DXP’s 2Q gross margin of 31.6% improved 20 basis points year-over-year and 10 bps from 1Q, while the company’s 2Q net profit of $24 million topped the $17 million of a year earlier and 1Q’s $21 million. 2Q EBITDA of $57 million on 11.5% margin topped the $48 million/10.8% of a year earlier and $53 million/11.0% of 1Q.

“This quarter’s financial results reflect continued execution of our strategic goals and the impact of our diversification efforts, an overall reduced energy industry exposure, and a strong balance sheet to support our key initiatives,” DXP Chief Financial Officer Kent Yee said in the company’s 2Q financial statement.

By business segment in 2Q:

• Service Centers sales of $340 million increased 10.8% year-over-year, with a 14.8% operating margin
• Innovative Pumping Solutions sales of $94 million jumped 27.5% year-over-year, with a 19.9% operating margin
• Supply Chain Services revenue of $65 million dipped 0.4% year-over-year, with an 8.0% operating margin

M&A Update

DXP closed on one acquisition during 2Q and one just after it closed, with the latter being Louisiana-based Moores Pump. It closed one deal during 1Q, following seven additions in 2024. And DXP has no plans of slowing down. Yee noted the company expects to close “at least three or four” more acquisitions during the second half of 2025.