Houston-based DXP Enterprises Inc. (NASDAQ: DXPE), No. 18 on MDM’s list of the top 40 industrial distributors, reported sales for the first quarter of $290.1 million, an increase of 15 percent compared to the same period a year ago. Profit improved 13 percent to $13.2 million.
David R. Little, chairman and CEO, said, "In the short term, there are still a lot of questions around the pace of growth in the U.S. and Canada … During the first quarter, we experienced tepid growth within our Service Center and Supply Chain Services business segments and lumpy performance within Innovative Pumping Solutions.”