Houston-based DXP Enterprises Inc. (NASDAQ: DXPE), No. 16 on MDM’s 2013 list of the top 40 industrial distributors, reported sales for the second quarter of $307.9 million, an increase of 17.6 percent. Profit increased 12.9 percent to $13.7 million.
For the first six months, sales were $598 million, an increase of 16.3 percent. Profit increased 13.3 percent to $27 million.
David R. Little, CEO, said, "We completed two acquisitions in the second quarter, Natpro and Tucker Tool. DXP’s service centers, supply chain services and innovative pumping solutions are focused on battling for market share in today’s choppy environment while not losing sight of profitability and cash flow generation.
“As we look to the second half of the year, we maintain a conservative macro outlook, while remaining confident in our ability to grow organically and via acquisitions."
