DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, reported sales for the first quarter ended March 31, 2010, were $147 million, down 6.7 percent from first quarter 2009. Profit increased 12.5 percent to $3.6 million. Sales increased 6.6 percent compared to fourth quarter 2009.
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\”We are optimistic about our outlook as our markets begin to improve. Our growth strategies are solid and we have continued to invest in people and products that have positioned us to grow market share as the economy continues to recover,\” CEO David R. Little said.
Sales of MRO products by service centers decreased 1 percent to $103.3 million, compared to $104.3 million of sales for the first quarter of 2009.
Sales for precision supply chain services decreased 10.8 percent to $31.4 million. Sales of innovative pumping solution products decreased 31.9 percent to $12.3 million.