DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, reported sales for 2011 were $807 million, up 23 percent over sales in 2010. Profit increased 57.6 percent to $31.4 million.

We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email.

For the fourth quarter ended Dec. 31, 2011, sales were $218.4 million, up 28.7 percent over the same period a year ago. Profit increased 56 percent to $9.2 million.

All three segments reported growth in sales and profit. Innovative Pumping Solutions reported 33 percent and 64 percent revenue and profit growth, respectively. DXP Service Centers reported 24 percent and 28 percent revenue and profit growth, respectively. DXP Supply Chain Services reported 14 percent and 19 percent revenue and profit growth, respectively.

The total number of DXP Service Centers increased from 112 to 123 in 2011.