DXP’s Sales Up 22%

Strong oil and gas, industrial markets fuel third-quarter growth, company says.

DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, reported third-quarter sales of $308 million, up 22 percent compared with the year-ago period. The company reported net income of $8.4 million.

DXP said organic sales increased 17.5 percent and that acquisitions added $12.1 million in sales during the quarter. The company cited strength in oil and gas as well as industrial markets during the quarter and for the remainder of the year.


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