DXP Enterprises (NASDAQ: DXPE), No. 18 on MDM’s list of the top 40 industrial distributors, was named No. 24 on Forbes’ recently released Best Small Companies in America list.
The annual ranking highlights companies that have seen strong growth over the past five years. The list of 100 companies is focused on those with sales under $1 billion. Forbes considered sales growth, return on equity, earnings growth and stock performance relative to other companies in their peer groups over the past 12 months.
According to the list, DXP Enterprises’ sales were $940 million in the last fiscal year with 19 percent sales growth. Earnings per share growth was 9 percent and Return on Equity was 10 percent.
DXP products are focused on pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies; the distributor has seen strong growth in oil and gas markets.
