Houston-based pumping solutions and industrial supplies distributor DXP Enterprises reported its 2025 first quarter financial results on May 7, showing a jump in sales year-over-year, while profit likewise increased.

The company posted 1Q sales of $476.9 million, up 15.5% year-over-year and up from 4Q24’s $470.9 million. Gross margin of 31.5% ticked up 150 basis points year-over-year but remained unchanged month-over-month.

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The sales increase was helped by DXP’s seven acquisitions completed during 2024 that contributed a combined $80.5 million in annual sales that year, but 1Q organic growth was also strong.

By DXP business segment during 1Q25:

• Service Center sales of $327.1 million were up 13.4% year-over-year with an operating margin of 14.4%.
• Innovative Pumping Solution sales of $86.2 million were up 38.5% year-over-year with an operating margin of 15.6%.
• Supply Chain Services sales of $63.3 million increased 2.1% year-over-year with an operating margin of 8.8%.

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DXP’s operating profit of $40.5 million increased from $29.1 million a year earlier, while net profit of $150.2 million was likewise up from 1Q24’s $123.8 million.

1Q adjusted EBITDA of $52.5 million on 11.0% margin was up compared to the $40.3 million on 9.8% margin year-over-year.

“Our first quarter year-over-year increase of 15.5 percent was great to see,” DXP CFO and Senior VP Kent Yee said in the company’s financial release. “We continue to see bright spots in the market, and we currently anticipate the second half of the year to drive growth as we benefit from increases in our project backlog and the diversification of our end markets. DXP ended the quarter with $114.3 million in cash on the balance sheet. Specifically, this quarter reflects continued execution of our strategic goals and the confidence we have in our balanced mix of business, tremendous teams, and a strong balance sheet to support our key initiatives.”

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DXP was No. 21 on MDM’s Top Distributor’s List for Industrial Supplies, No. 8 for MRO, No 8. for Power Transmission/Bearings and No. 4 for Fluid Power.