DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, reported sales for the second quarter were $261.9 million, a year-over-year increase of 32.5 percent. Profit increased 60.5 percent to $12.2 million.
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For the first six months, sales were $514.2 million, up 35 percent over the same period a year ago. On a same-store sales basis, sales for the first half of 2012 increased 16.4 percent. Profit increased 70 percent to $23.8 million.
\”Subsequent to DXP’s quarter end, we closed the HSE acquisition which provides us with a significant geographic expansion in Canada, positions us to serve North American national accounts and will allow us to leverage the back office team of HSE going forward,\” CFO Mac McConnell said.